Jorge Paulo Lemann is a Brazilian billionaire businessman and investment banker with a net worth of $20 billion. He is the richest individual in Brazil and one among the world’s top 100.
Jorge Paulo Lemann made his fortune in the 1970s as a co-founder of Banco Garantia, which grew to become one of Brazil’s most famous investment banks. Lemann then co-founded GP Investments, Ambev, and 3G Capital, which owns Burger King, Kraft Heinz, and other food companies.
Who is Jorge Paulo Lemann?
Jorge Paulo Lemann was born in Rio de Janeiro, Brazil on August 26, 1939, to Anna, a Brazilian of Swiss origin, and Paul, a Swiss immigrant who founded the dairy business Leco. Lemann attended the American School in Rio de Janeiro. His father was killed in a bus accident w hen he was 14 years old.
Lemann was an excellent tennis player as a child, winning the Brazilian national tennis championship five times. He also competed in the Davis Cup twice. Lemann continued his schooling at Harvard University, where he earned a bachelor’s degree in economics in 1960. He later admitted that he disliked his stay at Harvard since it was excessively cold in comparison to his own Brazil. Several years after graduating, Lemann played at Wimbledon.
How old is Jorge Paulo Lemann?
He is currently 84 years old.
What is Jorge Paulo Lemann’s net worth?
He is estimated to be worth $20 Billion.
What is Jorge Paulo Lemann’s career?
From 1961 to 1962, Lemann worked as a trainee at Credit Suisse in Geneva, Switzerland. He also purchased an equity stake in Invesco, a lending company that went bankrupt in 1966. In 1971, Lemann co-founded his first company, Banco Garantia, with Carlos Alberto Sicupira and Marcel Herrmann Telles. Despite a market meltdown just weeks after the company’s inception, Lemann was able to establish Banco Garantia into one of Brazil’s most prestigious investment banks, which Forbes hailed as “a Brazilian version of Goldman Sachs.” In 1998, Banco Garantia was sold to Credit Suisse First Boston.
Lemann co-founded the private equity firm GP Investments in 1993 to invest in Latin American industries. Since its inception, the firm has raised over $5 billion from investors worldwide and has invested in over 50 firms in a variety of industries.
In 2004, Lemann co-founded 3G Capital, a global investment firm that grew out of his and his business partners’ Brazilian investment office. Over the years, the company has completed several significant acquisitions, including Burger King in 2010, Heinz in 2013, and Kraft Foods in 2015. 3G Capital amalgamated Kraft and Heinz with the help of Warren Buffett.
In addition, the firm formed the fast food holding company Restaurant Brands International by combining Burger King and Tim Hortons. RBI subsequently purchased Popeyes Louisiana Kitchen and Firehouse Subs. Hunter Douglas, which manufactures window blinds and coverings, is also in its portfolio.
In the late 1980s, Lemann and his business partners purchased the Brazilian breweries Brahma and Antarctica. The brewers amalgamated in the late 1990s to form Ambev, which went on to dominate the beer markets of various South American countries, including Brazil, Argentina, Bolivia, Paraguay, and Uruguay. In the summer of 2004, Ambev joined with Interbrew of Belgium to form InBev. InBev purchased Anheuser-Busch in 2008, creating Anheuser-Busch InBev, the world’s largest brewer. After acquiring the brewer SABMiller in 2016, AB InBev expanded even further.
Among his many other business ventures, Lemann is a director of Endeavor’s Brazilian office, a non-profit organization that assists entrepreneurs in emerging markets. He also serves on the board of the Brazilian retail chain Lojas Americanas and as chairman of the New York Stock Exchange’s Latin American Advisory Committee. He also launched the Fundaço Estudar, which provides scholarships to Brazilian students.
Source: thpttranhungdao.edu.vn/en/
Categories: News
Source: thpttranhungdao.edu.vn/en/
