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Jorge Paulo Lemann, a Brazilian-Swiss billionaire born on August 26, 1939, is renowned for co-founding Banco Garantia and 3G Capital, impacting the global financial landscape. A Harvard economics graduate and former Brazilian tennis champion, Lemann's career soared with the creation of Banco Garantia in 1971 and later, 3G Capital, acquiring giants like Burger King and Heinz. He orchestrated the Kraft-Heinz merger and remains a discreet yet pivotal figure in finance, residing in São Paulo and Switzerland after personal security concerns.
August 26, 1939
86 years
Beer
Food & Beverage
Brazil
Zurich
Bachelor of Arts/Science, Harvard University
Jorge Paulo Lemann was born on August 26, 1939, in Rio de Janeiro, Brazil. He attended the American School of Rio de Janeiro and received a bachelor's degree in economics from Harvard University in 1960. Lemann was an avid tennis amateur, winning the Brazilian national tennis championship five times and participating in the Davis Cup twice. He also played at Wimbledon in 1962.
Jorge Paulo Lemann & family: Family
Lemann has been married twice and has six children. He currently resides in São Paulo, Rapperswil-Jona, Switzerland, and St. Louis.
Jorge Paulo Lemann & family: Career Highlights
Lemann began his career as a trainee at Credit Suisse in Geneva from 1961 to 1962. In 1971, he co-founded the Brazilian investment banking firm Banco Garantia with Carlos Alberto Sicupira and Marcel Herrmann Telles. Garantia became one of Brazil's most prestigious investment banks, and Lemann served as a member of the board of directors of Companhia Cervejaria Brahma from 1990 to 2001.
In 1998, Banco Garantia was sold to Credit Suisse First Boston for $675 million. Lemann and his partners then founded the private equity company GP Investimentos and acquired control of two Brazilian breweries that became AmBev. AmBev merged with Interbrew of Belgium in 2004 to form InBev, which acquired Anheuser-Busch in 2008, creating Anheuser-Busch Inbev (AB Inbev), the world's largest brewer.
Lemann is also the co-founder of the Brazilian investment firm 3G Capital, which owns brands like Burger King, Anheuser-Busch, and Heinz. 3G Capital acquired Burger King in 2010 and H. J. Heinz Company in 2013. In 2015, 3G Capital announced the merger of Kraft Foods with Heinz.
Jorge Paulo Lemann & family: Companies
Jorge Paulo Lemann & family: Major Achievements
Jorge Paulo Lemann & family: Awards & Achievements
Jorge Paulo Lemann & family: Personal Life & Legacy
Lemann is known for his private nature and rarely gives interviews or appears publicly. He is considered a "business-class hero" in Brazil, and his success has inspired many young entrepreneurs. In 1999, an attempted kidnapping of his children led to his permanent relocation to Switzerland.
Jorge Paulo Lemann & family: Trivia
Jorge Paulo Lemann is born in Rio de Janeiro, Brazil.
Lemann receives a bachelor's degree in economics from Harvard University.
Lemann works as a trainee at Credit Suisse in Geneva.
Lemann co-founds the Brazilian investment banking firm Banco Garantia with Carlos Alberto Sicupira and Marcel Herrmann Telles.
Lemann serves as a member of the board of directors of Companhia Cervejaria Brahma.
Banco Garantia is sold to Credit Suisse First Boston for $675 million.
Attempted kidnapping of Lemann's children leads to permanent relocation to Switzerland.
AmBev merges with Interbrew of Belgium to form InBev.
InBev acquires Anheuser-Busch, creating Anheuser-Busch Inbev (AB Inbev), the world's largest brewer.
3G Capital acquires Burger King.
3G Capital acquires H. J. Heinz Company.
3G Capital announces the merger of Kraft Foods with Heinz.
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