Jorge Paulo Lemann Net Worth is$11.5 Billion
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Profession: Businessperson

Date of Birth: Aug 26, 1949

Country: Brazil

Jorge Paulo Lemann has been listed as the third richest man in Brazil with a net worth of $11.5 billion. Jorge Paulo Lemann earned his net worth by co-founding the Banco Garantia Investment Banking Firm, a Brazilian Brewery, as well as serving on the board of many other businesses. He was born in Rio de Janiero, Brazil.
Jorge Paulo Lemann (born August 26, 1939, in Rio de Janeiro) is the third wealthiest individual in Brazil.[citation needed] He is ranked as the 55th richest person in the world by Forbes, with an estimated net worth of US$13.3 billion as of September 2011.
Lemann was born to Swiss immigrants. He received his Bachelors degree from Harvard University in Economics in 1961. From 1961 to 1962 he worked as trainee at Credit Suisse.
In 1971 he and three partners founded the Brazilian investment banking firm Banco Garantia. Undaunted by a horrific market crash that came only weeks later, Lemann was eventually able to build Garantia into one of the country's most prestigious and innovative investment banks, described in Forbes as "a Brazilian version of Goldman Sachs."
Later he and his partners bought control of a Brazilian brewery that eventually became AmBev. In 2003 AmBev had a pretax profit margin of 35 percent on sales of USD $2.7 billion. It controlled 65 percent of the Brazilian beer market and almost 80 percent of Argentina's, with monopoly positions in Paraguay, Uruguay, and Bolivia.
AmBev merged with Interbrew of Belgium in August 2004. The stock of the combined firm, InBev, soared 40 percent during 2005.
A onetime tennis champion (he played at Wimbledon), Lemann still actively invests in Brazil with former Banco Garantia partners - and fellow billionaires - Marcel Telles and Carlos Alberto Sicupira.
In addition, Jorge Paulo Lemann is also a board member of Lojas Americanas S.A., the Gillette Company and Swiss Re; Chairman of the Latin American Advisory Committee of the New York Stock Exchange; founder and board member of Fundac~ao Estudar, which provides scholarships for Brazilian students; and a member of the International Advisory Boards of the Credit Suisse Group and DaimlerChrysler.
Lemann is among the backers of 3G Capital. In September 2010, 3G launched a US$4bn bid, at a 45% premium over market, for all the stock of Burger King. "3G was

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Posted: August 15, 2017, 12:36 pm

The rise and rise of Jorge Paulo Lemann

Brazil’s richest man is relatively unknown outside of his home nation – for now. Elizabeth Matsangou takes a look at the fascinating career of Jorge Paulo Lemann, and how he has become a corporate takeover legend Riding the wave: a dramatic experience ...
Posted: May 1, 2015, 8:09 am

3G founder Jorge Paulo Lemann is thirsty for global beer dominance

Global dominance of the beer market has been a career-long obsession for Jorge Paulo Lemann, the Brazilian billionaire whose flagship investment is the world’s biggest brewer Anheuser-Busch InBev. One former employee recalls how, in 1994, Mr Lemann came ...
Posted: August 14, 2017, 1:52 pm

Latin Trade's Ranking of The 100 Most Powerful People 2017

They include Carlos Slim, Jorge Paulo Lemann, Daniel Servitje Montull and Roberto Angelini Rossi. The list gives a brief overview of each person's achievements, education and net worth, where available. To view and download the full 100 Most Powerful ...
Posted: August 13, 2017, 10:12 am

When Warren Met Jorge Paulo: Buffett and Lemann Recall Their First Deal

The billionaire investors Warren Buffett and Jorge Paulo Lemann have teamed up to engineer some of the biggest and boldest mergers and acquisitions in recent years, but they have rarely appeared in public together. On Saturday night, however, the two ...
Posted: April 10, 2017, 7:10 pm
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