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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