Insider

Americanas top shareholders personal fortune largely undented by scandal

fortune americanas Jorge Paulo Lemann. Photo: Luiz Carlos Murauskas/Folhapress
Jorge Paulo Lemann. Photo: Luiz Carlos Murauskas/Folhapress

The three Brazilian billionaires who control the scandal-hit Americanas retail chain may have taken a reputational blow in the last few months, but so far they appear to have suffered little financial damage from the ongoing imbroglio over the company’s “accounting inconsistencies,” which led it to file for bankruptcy protection in January, after it emerged it owed creditors BRL 43 billion (USD 8.7 billion).

Through their private equity firm 3G Capital, Jorge Paulo Lemann, Marcel Herrmann Telles, and Carlos Alberto Sicupira have built up a food and beverage empire, controlling not just Americanas, but also Anheuser-Busch InBev, the world’s largest brewer, Kraft Foods, and Burger King, among others. 

They are among Brazil’s richest men, a status that remains unchanged despite small negative variations in their personal fortune.

Once the richest Brazilian, Mr. Lemann has now slipped to third place according to Forbes’ Real Time Billionaires list. But Mr. Lemann and his family still boast a net worth of USD 14.8 billion as of this Tuesday, making them the 116th richest people in the world.

Messrs. Telles and Sicupira are Brazil’s fourth- and fifth-largest fortunes, respectively. With a real-time net worth of USD 10.1 billion (down USD 6 million, or 0.06 percent of his fortune), Mr. Telles and his family are ranked 181st richest in the world right now. Mr. Sicupira and his family, meanwhile, are ranked 250th with USD 8.3 billion (down USD 8 million or 0.10 percent today).  

Brazil’s richest person right now is Vicky Safra, the widow of banker Joseph Safra, with a net worth of USD 17.5 billion — placing her and her four children among the world’s 100 richest people, at number 92. In second place in Brazil, with a personal fortune of USD 15.3 billion (number 112 worldwide), is Facebook co-founder and venture capitalist Eduardo Saverin.