^ eh
< tired of bailing out water in my apartment
> Jorge Paulo Lemann
From Wikipedia, the free encyclopedia
Jorge Paulo Lemann
Born August 26, 1939 (age 73)
Rio de Janeiro, Brazil
Residence Sao Paulo, Brazil[1]
Ethnicity Swiss-Brazilian[2][3]
Citizenship Brazil
Education Harvard University[1]
Net worth US$ 13.3 billion (est.)
(Forbes, March 2011)[1]
Spouse(s) Married, 5 children[1]
Jorge Paulo Lemann (born August 26, 1939, in Rio de Janeiro).[4] He is ranked as the 37th richest person in the world by Bloomberg Billionaire Index, with an estimated net worth of US$18.9 billion as of November 2012.[1]
Contents [hide]
1 Biography
2 See also
3 References
4 External links
[edit]Biography
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 $2.7 billion. It controlled 65 percent of the Brazilian beer market and almost 80 percent of Argentina's, with monopoly positions in Paraguay, Uruguay, and Bolivia.[5]
AmBev merged with Interbrew of Belgium in August 2004. The stock of the combined firm, InBev, soared 40 percent during 2005.
A onetime tennis champion (he played at Wimbledon), Lemann still actively invests in Brazil with former Banco Garantia partners - and fellow billionaires - Marcel Herrmann Telles and Carlos Alberto Sicupira.
The entrepreneur is the father of six children. Jorge Paulo Lemann is married and lives with his wife in the state of Rio de Janeiro and on Lake Zurich, Switzerland.
In addition, Jorge Paulo Lemann is also a board member of Lojas Americanas S.A., the Gillette Company and Swiss Re; Chairman of the Latin American Advisory Committee of the New York Stock Exchange; founder and board member of Fundação Estudar, which provides scholarships for Brazilian students; and a member of the International Advisory Boards of the Credit Suisse Group and DaimlerChrysler.
Lemann is among the backers of 3G Capital. In September 2010, 3G launched a US$ 4bn bid, at a 45% premium over market, for all the stock of Burger King. "3G was advised in the BK offer by Lazard, JPMorgan Chase, Barclays Capital and the law firm Kirkland & Ellis.... [The firm] already has some experience in burgers and fries, having previously invested in Wendy’s."[6]
He previously served as a member of the board of directors of Brahma from 1990 to 2001.[7] He is married with five children.[8]
Lemann currently serves on the Board of Directors of EndeavorBrazil office. Endeavor is an international non-profit development organization that finds and supports high-impact entrepreneurs in emerging markets.
[edit]See also
List of Brazilians by net worth
[edit]References
^ a b c d e
http://www.forbes.com/profile/jorge-paulo-lemann/
^
http://www.guardian.co.uk/business/2...dacquisitions1
^
http://jorgepaulolemann.crazybillion...aulolemann.php
^ "Today's ranking of the world's richest people of brazil". Bloomberg. 29 November 2012. Retrieved 30 November 2012.
^ Richard Tomlison, The New King of Beer, Fortune Magazine, October 18, 2004
^ "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.
^ Inbev Prospectus January 2005
^ Forbes profile: Jorge Paulo Lemann
v Rooting for the 49ers this weekend