Jorge Paulo Lemann Net Worth: $23.9 billion
Jorge Paulo Lemann was born in Rio de Janeiro, Brazil on August 26, 1939. He attended Harvard University for his studies in Economics, which he finished in a span of three years. He was once a top tennis player in his youth and even became a champion at a prestigious Wimbledon tournament. He still likes to play tennis when he finds time but he never forgets to fulfill his philanthropic deeds. He constantly donates huge sums of money to improve the standard of education in Brazil. Jorge Paulo Lemann is considered the wealthiest man in his country today and is estimated to have a net worth of $23.9 billion.
How Jorge Paulo Lemann make his money?
Lemann’s career was highlighted when he established Banco Garantia with his associates, Marcel Herrmann Telles and Carlos Alberto Sicupira, in 1971. However, his first huge successful business venture happened when he sold the bank for $675 million in 1998. In addition to this, Lemann’s share in the profit sales from Anheuser Busch, which he owns through private equity firm 3G Capital, rose by 35%. Moreover, an estimation of US $2.7 billion in gross sales made Lemann a top player in the beer industry all over the world. His brewery makes popular beer brands Budweiser and Budlight. Furthermore, in 2010, he bought Burger King together with his long time business partners and in 2013, Lemann made it to the headlines again when he purchased Heinz Ketchup. He is also into trading and real estate, which greatly contribute to his amassed wealth.