Jorge Paulo Lemann

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Jorge Paulo Lemann
Born August 26, 1939 (1939-08-26) (age 75)
Rio de Janeiro, Brazil
Residence Rapperswil-Jona, Switzerland[1]
Ethnicity Swiss[2][3] Brazilian[4]
Citizenship Brazil, Switzerland[1]
Education Harvard University[5]
Net worth Decrease US$ 25 billion (est.)
(Forbes, Mar 2015)[6]
Spouse(s) Married, 5 children[5]

Jorge Paulo Lemann (born August 26, 1939)[7] is a Swiss-Brazilian banker. He is ranked as the 26th richest person in the world by Bloomberg Billionaire Index, with an estimated net worth of US$25 billion as of February 2015[5] and is Brazil's richest man.[8] As of 2013, Forbes Brazil listed Lemann as the top entry for the Richest Brazilians list.[9]

Early life[edit]

Lemann was born in Rio de Janeiro to Paul Lemann,[1] a Swiss immigrant and a Brazilian mother.[4] He received his Bachelor's degree from Harvard University in Economics in 1961.


From 1961 to 1962 he worked as trainee at Credit Suisse in Geneva.[1]

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, who founded private equity company GP Investimentos,[1] bought control of two Brazilian breweries (Brahma and Antarctica) that became AmBev. In 2003 AmBev had a pretax profit margin of 35 percent on sales of US$ 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.[10]

AmBev merged with Interbrew of Belgium in August 2004. The stock of the combined firm, InBev, rose 40 percent during 2005.

InBev then announced it would buy the American brewer Anheuser-Busch in 2008 for $46 billion in a highly controversial deal, making it the world's largest brewer, Anheuser-Busch Inbev (abbreviated as AB Inbev) and merger of Kraft Foods]] securing Lemann's status as one of the new "Kings" of beer.[11]

A onetime tennis champion (he played for both the Swiss and Brazil Davis Cup teams,[1][12] gained titles in Brazil, and even played at Wimbledon), Lemann still actively invests in Brazil with former Banco Garantia partners - and fellow billionaires - Marcel Herrmann Telles and Carlos Alberto Sicupira. All three now help to control AB Inbev as members of its board of directors.

Lemann is a board member of Lojas Americanas S.A. and was a former board member of Gillette; Chairman of the Latin American Advisory Committee of the New York Stock Exchange; founder and board member of Fundação Estudar, which provides scholarships for Brazilian students; and a member of the International Advisory Boards of Credit Suisse and DaimlerChrysler.

Lemann is among the backers of 3G Capital. In September 2010, 3G launched a $4 billion bid, at a 45% premium over market, for all the stock of Burger King. "3G was advised in the BK offer by Lazard, JPMorgan Chase, Barclays Capital and the law firm Kirkland & Ellis. 3G already has some experience in burgers and fries, having previously invested in Wendy’s."[13] Together with Berkshire Hathaway, 3G Capital acquired the H. J. Heinz Company for $28 billion in 2013. Its new CEO Bernardo Hees is a former manager of Burger King.[14] The same group announced the merger of Kraft Foods with the H. J. Heinz Company on March 25, 2015.[15]

He previously served as a member of the board of directors of Brahma from 1990 to 2001.[16] Lemann currently serves on the Board of Directors of Endeavor Brazil office. Endeavor is an international non-profit development organization that finds and supports high-impact entrepreneurs in emerging markets.

Jorge Paulo Lemann is a second time married and has five children. He shuttles between São Paulo, Rapperswil-Jona on Lake Zurich,[1] where his family lives, and St. Louis.[17][18]

See also[edit]


  1. ^ a b c d e f g Stefan Barmettler: Der Brauer vom Zuerichsee. Handelszeitung, Nr. 19, May 8, 2014, p. 7
  2. ^ Bowers, Simon (July 15, 2008). "Jorge Paulo Lemann: A brewing, banking Brazilian billionaire". The Guardian (London). 
  3. ^
  4. ^ a b
  5. ^ a b c "The World's Billionaires". Forbes. 
  6. ^ "The World's Billionaires". Forbes. Retrieved 25 March 2015. 
  7. ^ "Today's ranking of the world's richest people of brazil". Bloomberg. 29 November 2012. Retrieved 30 November 2012. 
  8. ^ Packaged food: Now, 56 varieties
  9. ^ Antunes, Anderson. "The richest people in Brazil 2013". Forbes. 
  10. ^ Richard Tomlison, The New King of Beer, Fortune Magazine, October 18, 2004
  11. ^ Julie MacIntosh, Dethroning the King: The Hostile Takeover of Anheuser-Busch, an American Icon; 2010
  12. ^ Lemann in Brazil and Swiss Davis Cup team
  13. ^ "Burger King to Sell Itself to 3G for $4 Billion", "Dealbook" blog, The New York Times, September 2, 2010, 9:50 am. Retrieved 2010-09-02.
  14. ^ Acquisition of H. J. Heinz Company in 2013
  15. ^ Merger announcement Kraft with Heinz, March 2015
  16. ^ Inbev Prospectus January 2005
  17. ^ Forbes profile: Jorge Paulo Lemann
  18. ^

External links[edit]