In this success post, we are going to share the story of Jorge Paulo Lemann, a Brazilian investor. He was ranked as the 29th richest person in the world by Forbes in the year 2018.
Jorge Paulo Lemann is the richest person in Brazil. In the year 2018, he was listed as the top entry for the Richest Brazilians by Forbes Brazil. As the co-founder and owner of the various famous brands like Ab InBev Brewers and Heinz. Jorge Paulo is living a happy life along with his second wife and children, with more than $29 billion net worth.
Jorge Paulo Lemann Childhood & Early Life
Jorge Paulo was born to Paul Lemann and Anna Yvette Truebner on the 26th of August 1939, in Rio De Janeiro, Brazil.
He attended the American School of Rio De Janeiro, where his capabilities were visible to many, and he was even chosen as the one most likely to succeed.
He was an excellent tennis player and even won the ‘Brazilian National tennis Championship’ five times. And he also represented Brazil and Switzerland in the ‘Davis Cup’ and even played at the ‘Wimbledon.’
He enrolled at Harvard University in the year 1961 as a student of Bachelors of Arts with a major in Economics.
Jorge Paulo Lemann Career
After his degree, Jorge Paulo began his work as a trainee in Credit Suisse, as one of the foremost world banks in Geneva. He then went to own an equity interest in a company called Invesco, which eventually went bankrupt.
Jorge Paulo Lemann Career Highlights
Moreover, Jorge Paulo was undaunted. The turning point in his life came when he co-founded the Brazilian investment banking firm known as Banco Garantia. He continues to serve as one of its Board of Directors even today. Because the bank went from leaps to bounds at the time of his tenure and was even listed by Forbes as one of the foremost banks in the nation. Some even dubbing it to be the “Goldman Sachs of Brazil.”
After a while, he sold Banco Garantia to Credit Suisse Boston to a tune of $700 million. And founded the private equity company called GP Investimentos. Along with the two of Brazil’s famous breweries, Brahma Beer and Companhia Antarctica Paulista. By the year 2003, he had owned around 70% of all the Brazil Beer Market and 80% of Argentina’s.
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