Jorge Paulo Lemann Biography

Jorge Paulo Lemann is a renowned Brazilian entrepreneur and one of the richest in the country. This biography provides detailed information about his childhood, profile, career, net worth and timeline

Jorge Paulo Lemann
Quick Facts

Birthday: August 26, 1939

Nationality: Brazilian

Famous: Billionaires Brazilian Men

Age: 79 Years, 79 Year Old Males

Sun Sign: Virgo

Born in: Rio de Janeiro

Famous as: Banker

Family:

Spouse/Ex-: Maria de Santiago Dantas Quental (m. ?–2005), Susanna Lemann

father: Paul Lemann

mother: Anna Yvette Truebner

siblings: Lya Lemann

children: Anna Victoria Lemann, Jorge Felipe Lemann, Kim Lemann, Lara Lemann, Marc Lemann

City: Rio De Janeiro, Brazil

Founder/Co-Founder: Fundação Estudar, Banco Garantia

More Facts

education: Harvard Business School, 1961 - Harvard University

Humanitarian Work: Founder of ‘Fundacao Estudar’ and ‘Lemann Institute for Brazilian Studies’.

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Often referred to as one of the ‘Kings’ of beer, Jorge Paulo Lemann is a self made man who has built a name for himself in the world of business. He was a brilliant tennis player in school and reportedly, this helped him get an admission at the ‘Harvard University’ where he completed his graduation in a span of two years instead of three. He had an independent bent of mind and wanted to become financially self-sufficient at the earliest, and this was possibly the reason behind his early completion of studies. He then collaborated with Carlos and Mercel who are till date his business partners. The trio co-founded the invested firm ‘Banco Garantia’ and with this Lemann established himself as an exceptional entrepreneur. He manoeuvred over the investments of the company and his business instinct proved right when all the investments that the company made gained profits. This company was sold off in a lucrative deal and then, Jorge turned his attention to the brewery industry. He had been associated with the brewery company ‘Brahma’ and later, acquired the company along with another company and merged the two to form ‘AmBev’. His investment company ‘3G Capital’ has till date acquired many big brands and he has been instrumental in the company’s success. Read on to know more about his success story.

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Jorge Paulo Lemann
Childhood & Early Life
  • Jorge Paulo Lemann was born to Paul Lemann and Anna Yvette Truebner on 26th 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. He also represented Brazil and Switzerland in the 'Davis Cup' and even played at the 'Wimbledon'.
  • He enrolled at the 'Harvard University' in 1961, as a student of Bachelor's of Arts with major in Economics.
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Career
  • After completing his graduation he joined the multinational financial services company 'Credit Suisse' as a trainee.
  • He had a 2% stake in a company called 'Invesco' in 1966, and this was the first company he had invested in. However, the company met with bankruptcy.
  • Jorge collaborated with Marcel Herrmann Telles and Carlos Alberto Sicupira in 1971, and established the company 'Banco Garantia' which was an investment bank.
  • A few weeks after the firm was established, there was a huge decline in the market but this company remained unaffected by the decline and gradually, rose as one of the most renowned investment banks of Brazil.
  • From 1900 to 2001, he was associated with the Brazilian beer company ‘Brahma’ and was director of the board of the company.
  • He was associated with the operations of the 'Banco Garantia' company for more than two decades and then sold it to the company 'Credit Suisse Boston' for $675 million, in 1998.
  • Lemann acquired the Brazilian breweries named 'Companhia Antarctica Paulista' and 'Brahma Beer' along with his business partners of ‘GP Investimentos’, and renamed the brewing companies under the single head ‘AmBev'.
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  • In 2004, ‘AmBev’ amalgamated with another brewing company ‘Interbrew’ and the amalgamated company was named as ‘InBev’. A year later the stock of the new company, InBev, had ascended by 40%, under the guidance of Lemann.
  • In 2004, the investment company named ‘3G Capital’ was established by Jorge Lemann along with his business partners Mercel Herrmann, Carlos Alberto Sicupira and Robert Thompson Motta.
  • In 2008, ‘InBev’ declared that it would acquire the brewer company of America named ‘Anheuser-Busch which is the producer of brands like ‘Budweiser’ and ‘Budlight’ beer. The merger between the companies ‘InBev’ and ‘Anheuser-Busch’ would be named ‘Anheuser-Busch InBev’ (AB InBev). Ever since, Jorge Paulo Lemann has been regarded as one among the ‘Kings of beer’.
  • In 2010, the ‘3G Capital’ acquired the stocks of the ‘Burger King Holdings, Inc.’ along with the outstanding debts of the company. Each share was purchased at $24 and the total deal was worth a handsome amount of $4 billion.
  • The ‘3G Capital’ made news in 2013, after it acquired the ‘H.J.Heinz’ company in association with business mogul Warren Buffet. This was a huge investment and the company was purchased with a magnanimous amount of $28 billion, which included the company’s outstanding debts.
  • This business tycoon was a member of the board of ‘Gillette’, an international brand of men’s products which initially began as a producer of men’s safety razors.
  • In 2014, the ‘Restaurant Brands International’ was acquired by two big brands in the industry namely ‘Burger King Worldwide’ and ‘Tim Hortons Inc.’
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  • On 25th March, 2015, the ‘H.J.Heinz’ company merged with the ‘Kraft Foods Group, Inc.’ and the merger was named as the ‘Kraft Heinz’ company.
  • Jorge is presently associated with the charitable organization ‘Endeavour’, which helps new businessmen in establishing themselves in the market.
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Major Works
  • Lemann has been exceptional as an entrepreneur and has been instrumental in the establishment of many big investment banks like the ‘Banco Garantia’ and ‘3G Capital’. Under his guidance ‘Banco Garantia’ had soared high in the investment sector. His is the mind behind the company ‘3G Capital’; as Lemann is the leading investor and strategist of the company.
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Personal Life & Legacy
  • He first married Maria de Santiago Dantas Quental who was a psychoanalyst.
  • He married a second time to Susanna Lemann and is the father of five children named Anna Victoria, Lara, Marc, Jorge Felipe and Kim.
  • In 1999, his children escaped an attempted kidnapping on the way to their school. They were saved by their driver and since then, Lemann and his family have been residing in Switzerland.
  • He is a philanthropist and has till date donated huge funds in the establishment of many non-profit organizations such as ‘Fundacao Estudar’, ‘Lemann Institute for Brazilian Studies’ and also sponsors a professorship at the ‘Harvard University’ which is named after him.
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Net Worth
  • This astute investor has an estimated net worth of $24.5 billion as of June 2015, according to ‘Forbes’.
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How To Cite

Article Title
- Jorge Paulo Lemann Biography
Author
- Editors, TheFamousPeople.com
Website
- TheFamousPeople.com
URL
https://www.thefamouspeople.com/profiles/jorge-paulo-lemann-6320.php
Last Updated
- November 01, 2017
Jorge Paulo Lemann

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