Wednesday, December 9, 2020

List of 10 wealthiest People in Brazil

 Here is a list of top 10 wealthiest people in Brazil as




# 1 Joseph Safra, 81 years 

Net worth $19.9B

          Joseph Safra, a descendant of a banking family from Syria, is the world's richest banker.

          In Brazil he owns Banco Safra, the country's 8th largest bank, while in Switzerland he owns J. Safra Sarasin, a bank created in a merger in 2013.

          His oldest son, Jacob, is responsible for J. Safra Sarasin, Safra National Bank of New York and real estate holdings across the U.S.

          His son David manages Banco Safra in Brazil; his son Alberto left the bank's board of directors in October 2019.

          He also owns 50% of banana grower Chiquita Brands International; the other 50% is owned by Brazilian orange juice billionaire Jose Cutrale.

# 2 Jorge Paulo Lemann & family, 80 years 

Net worth $10.4B

          Jorge Paulo Lemann started in investment banking and later became a controlling shareholder of Anheuser-Busch InBev, the world's largest brewer.

          His fellow controlling shareholders at AB Inbev include Brazilian business partners Carlos Sicupira and Marcel Herrmann Telles, both billionaires.

          In 2016 AB InBev completed its nearly $100 billion acquisition of SABMiller, acquiring brands including Pilsner Urquell and Foster's Lager.

          Lemann and his partners also own stakes in Restaurant Brands International, parent of Burger King and Canadian coffee chain Tim Hortons.

          In 2013 Lemann's private equity firm 3G Capital and Warren Buffett's Berkshire Hathaway bought H.J. Heinz & Company. Then Heinz merged with Kraft

#3 Eduardo Saverin 38 years 

Net worth $8.4B

          Saverin cofounded Facebook with Harvard classmate Mark Zuckerberg in 2004.

          Now a venture capitalist, he still derives most of his wealth from his small but valuable stake in Facebook.

          In 2016, he launched venture fund B Capital, with BCG and Bain Capital veteran Raj Ganguly.

          The fund has raised $766 million so far and invests in late-stage tech firms in Asia, Europe and the U.S.

          A Brazilian native, Saverin has been a Singapore resident since renouncing his U.S. citizenship in 2012 ahead of Facebook's IPO.

#4 Marcel Herrmann Telles, 70 years, 

Net worth $6.5B

          Marcel Hermann Telles is one of the controlling shareholders of Anheuser-Busch InBev, the world's largest brewer, of which he owns a minority stake.

          His fellow controlling shareholders at AB Inbev include longtime Brazilian business partners Beto Sicupira and Jorge Paulo Lemann, both billionaires.

          Telles and his partners also have shares of listed Restaurant Brands International, parent of Burger King and Canadian coffee chain Tim Hortons.

          In 2013, the trio's private equity firm 3G Capital and Warren Buffett's Berkshire Hathaway bought H.J. Heinz & Company. Then Heinz merged with Kraft.

 #5 Carlos Alberto Sicupira & family, 

Net worth $70 4.8B

           Most of Carlos "Beto" Sicupira's wealth comes from his shares of Anheuser-Busch InBev, the world's largest brewer, in which he owns about a 3% stake.

          His fellow shareholders at AB Inbev include longtime Brazilian business partners Jorge Paulo Lemann and Marcel Herrmann Telles, both billionaires.

          In 2016 AB InBev completed its nearly $100 billion acquisition of SABMiller, acquiring brands including Pilsner Urquell and Foster's Lager.

          Sicupira and his partners also own stakes in listed Restaurant Brands International, parent of Burger King and Canadian coffee chain Tim Hortons.

          In 2013, the trio's private equity firm 3G Capital and Warren Buffett's Berkshire Hathaway bought H.J. Heinz & Company. Heinz later merged with Kraft.

#6 Alexandre Behring, 53 years, 

Net worth $4.3B

          Alexandre Behring is a cofounder and the managing partner of 3G Capital, a multibillion-dollar Brazil-born, U.S.-led investment firm.

          Behring chairs Kraft Heinz and is co-chairman of Restaurant Brands International, parent of Burger King and Canadian coffee chain Tim Hortons.

          New to the Forbes Billionaires list in 2020, Behring is a well known figure in the private equity world.

          His partners at 3G Capital include fellow billionaires Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira.

          3G Capital owns stakes in Kraft Heinz and Restaurant Brands International.

#7 Luciano Hang 58 years 

Net worth $3.6B

          Brazil's Luciano Hang has found success with department store chain Havan by focusing heavily on physical stores rather than online sales.

          Hang cofounded Havan in 1986; today it employs some 15,000 people in more than 100 locations, all in small to mid-sized cities.

          Hang bought out his cofounder early on and today owns nearly all of Havan, which had about $1 billion in 2017 revenues.

          Hang has many followers on social media; he regularly live streams about politics on Facebook and gets up to 1 million views.

          Hang is a vocal supporter of Brazil's President Jair Bolsonaro, a right wing candidate who was elected in October 2018.

#8 Dulce Pugliese de Godoy Bueno, 72 years, 

Net worth $3.5B

          Dulce Pugliese de Godoy Bueno and Edson de Godoy Bueno, who died in February 2017, founded health insurance and medical care firm Amil in 1972.

          Dulce Pugliese and Edson Bueno, who were married when they cofounded Amil, later divorced. Dulce kept her roughly 33% ownership stake at Amil.

          AMIL's IPO was in 2007. It became Latin America's largest health care company, providing medical care and discount pharmacy coverage to millions.

          Giant U.S. health insurer United Health Group purchased 90% of Amil in 2012 for $4.9 billion in cash.

          She owns a 48% stake in Dasa, a publicly-traded chain of medical laboratories. Pedro Bueno, her stepson, became CEO of Dasa in 2014.

 #9 Miguel Krigsner, 70 years,

Net worth $3.4B

          Bolivian-born Miguel Krigsner founded Grupo Boticario, Brazil's second-largest cosmetics company behind number one, Natura.

          Grupo Boticario operates in cities around Brazil and seven other countries. Krigsner owns nearly 80% of the $1.15 billion (revenues) firm.

          His brother-in-law Artur Grynbaum joined as a financial assistant and worked his way up to CEO of the group. He owns about 20% of the group.

          In 1990 Krigsner create Foundation Boticario de Protecao a Natureza, which receives about 1% of Grupo Boticario's net income annually.

#10 Andre Esteves, 52 years

Net worth $2.9B

          Andre Esteves began his career as an intern at Brazilian investment bank Pactual and eventually acquired control of the bank.

          Esteves sold Pactual to Swiss banking giant UBS in 2006 for $3.1 billion, forming the Brazilian subsidiary UBS Pactual.

          In 2009 he engineered the sale of UBS Pactual to investment firm BTG and became chairman of the board and CEO of the new firm.

          He was accused of obstruction of justice for Brazil's largest corruption scandal, Operation Car Wash, and jailed for almost three weeks in 2015.

          In December 2018, Esteves was acquitted of corruption charges and returned to BTG as one of the controlling partners.

 

source: forbes,com

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