The Success Story of Jorge Paulo Lemann

On this day, August 26 in the year 1939, one of the richest persons in the world was born in Rio de Janeiro, Brazil. His name is Jorge Paulo Lemann, the co-founder of 3G Capital, the owner of such brands as Burger King, Anheuser-Busch and Heinz. According to forbes.com, his net worth is $17.5 billion as of August 26, 2020.

Jorge Paulo Lemann
Jorge Paulo Lemann (Credit: nature.org)

Jorge Lemann is the son of a Swiss immigrant to Brazil who owned Leco, a Brazilian dairy manufacturing company. When Jorge was 14, his father was killed in a bus accident. He went on to finish an economics degree from Harvard University in 1961. After graduation, he joined Credit Suisse as a trainee in Geneva.

In 1971, Jorge Lemann and two other partners established Banco Garantia which was sold to Credit Suisse in 1998. Later, he and his partners formed an investment company that would later acquire two beer companies in Brazil. The two breweries were merged to become AmBev, the current biggest beer company in Latin America.

In 2004, Jorge Paulo Lemann set up 3G Capital with three other partners as his vehicle for his investment activities. That same year, AmBev merged with InterBrew of Belgium to formed InBev which in turn bought American brewer Anheuser-Busch in 2008 for $46 billion. In 2010, 3G capital acquired Burger King, followed by its purchased of Tim Hortons in 2014.

The year 2015 saw the company partnering with Warren Buffett to purchase Kraft Foods and merge it with Heinz to create the largest food company in the world.

Jorge Lemann is married twice and has 6 children. Aside from attending his business duties, he also engages in sports. So far, he had won championships in tennis and had played for the Davis Cup and in Wimbledon.

References
https://www.worldfinance.com/strategy/the-rise-and-rise-of-jorge-paulo-lemann
https://www.ft.com/content/ad85be00-d2ff-11e4-b7a8-00144feab7de
https://www.forbes.com/profile/jorge-paulo-lemann/

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