Jorge Paulo Lemann (born August 26, 1939, in Rio de Janeiro) is the third wealthiest individual in Brazil. He is ranked as the 55th richest person in the world by Forbes, with an estimated net worth of US$13.3 billion as of September 2011.
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...
More
Jorge Paulo Lemann (born August 26, 1939, in Rio de Janeiro) is the third wealthiest individual in Brazil. He is ranked as the 55th richest person in the world by Forbes, with an estimated net worth of US$13.3 billion as of September 2011.
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...
Less
