Jorge Paulo Lemann

Birthname

Jorge Paulo Lemann

Birthdate

August 26, 1939

Birthplace

Rio de Janeiro, Brazil

Education

Harvard University

Profession

Banker

Net worth

$23,700,000,000

Source of Wealth

Banking, Anheuser-Busch Inbev

Nationality

Brazilian

Country

Brazil

Marital Status

Married

Children

5

Brazilian banker Jorge Paulo Lemann has an estimated net worth of $23.7 billion in July 2019. He is considered as one of Brazil's richest bankers, businessmen, and investors.

Of Swiss and Brazilian ancestry, Jorge Paulo Lemann was born on August 26, 1939 in Rio De Janeiro. In 1961, he completed his degree in Economics from the Harvard University. Ten years later, he founded the Banco Garantia along with three partners. Banco Garantia later turned out to be one of the country's prestigious investment banks. In fact, it is considered as the Brazilian version of the world renowned Goldman Sachs.

Eventually, they founded GP Investimentos that later took control of the two breweries in the country, the Brahma and Antarctica. The two eventually became the AmBev. In addition to its monopolizing power in Bolivia, Uruguay, and Paraguay, Ambev also holds 65% of the beer market of Brazil, and another 80% of Argentina's beer market.

In August 2004, the company merged with Belgium's Interbrew which formed the InBev. Four years later, it was formally announced that the company is acquiring the famous American brewery, the Anheuser-Busch for $46 billion which made it the largest brewer in the world and was later renamed to Anheuser-Busch Inbev.