global investment firm
Jorge Paulo Lemann Says Trying to Save Americanas After $5 Billion Fraud: Jorge Paulo Lemann, the billionaire Brazilian dealmaker, said that together with his ...
bloomberg.com/news/articles/2024-04-06/jorge-paulo-lemann-says-trying-to-save-americanas-after-5-billion-fraud
Paid articlePaid
The 10 Richest People In Latin America 2024: The region’s richest billionaires include a telecom tycoon, a mining magnate and a cofounder of Facebook.
forbes.com/sites/gigizamora/2024/04/04/the-10-richest-people-in-latin-america-2024/
Quick Glance: Billionaires Profiting from AI 2024
- The AI gold rush has led to a plethora of new billionaires in the sector, as surging values for both public and private companies with ties to AI have skyrocketed.
- Over the past year, tech companies, both new and old, have seen massive share price increases, making the world's tech tycoons even richer and introducing over a dozen new AI billionaires into the Forbes World's Billionaires list.
- Nvidia cofounder and CEO Jensen Huang serves as the poster child for this boom. However, other companies like Super Micro Computer, Advanced Micro Devices, and Cloudflare also benefited from the trend. Privately owned AI companies have also gained momentum, with AI-centric startups alone raising nearly $50 billion in funding last year.
- Major tech giants like Microsoft, Amazon, and Alphabet have significantly contributed to financing private AI companies to compete in the AI race. However, it remains to be seen if and when the AI bubble will burst and funding could dry up.
3G Capital — which helped steer the Kraft-Heinz merger — quietly exits the company
post-gazette.com/business/pittsburgh-company-news/2024/04/12/3g-capital-kraft-heinz-stock-brazil/stories/202404120083
Investment billionaire hands son his $6.1 billion stake in the world’s biggest brewer—embattled AB InBev
fortune.com/europe/2024/01/02/marcel-herrmann-telles-hands-son-max-ab-inbev-stake/
Paid articlePaid Jorge Lemann’s 3G Fuels Hedge Fund Bets for Billionaire Dynasty: An investment firm for one of the world’s biggest manufacturing fortunes is boosting its hedge ...
bloomberg.com/news/articles/2023-12-21/jorge-lemann-s-3g-fuels-hedge-fund-bets-for-billionaire-dynasty
Americanas Creditors Approve Debt Restructuring Plan: Creditors of distressed Brazilian retailer Americanas SA approved a restructuring plan to overhaul 50 ...
bloomberg.com/news/articles/2023-12-19/americanas-creditors-approve-debt-restructuring-plan-after-fraud
Marcel Telles, the billionaire Brazilian investor who cofounded buyout firm 3G Capital, donated his stake in brewer Anheuser-Busch InBev to his son Max in a ... Show more
The richest person in Eastern Switzerland is so incredibly rich: With over 15 billion francs, the beer company leads and fast food mogul Jorge Lemann made the ...
thurgauerzeitung.ch/ostschweiz/ressort-ostschweiz/interaktiver-rechner-so-unglaublich-lange-muessten-sie-arbeiten-um-so-viel-vermoegen-zu-haben-wie-der-reichste-ostschweizer-ld.2545701
Paid articlePaid
A woman tops Brazil’s 2023 billionaires list for the first time: A woman tops Brazil's 'Billionaires List' for 2023 for the first time ...
riotimesonline.com/brazil/a-woman-tops-brazils-2023-billionaires-list-for-the-first-time/
Billionaire Trio Agree to Lock-Up Period at Brazilian Retailer Americanas: The main shareholders at embattled Brazilian retailer Americanas SA tentatively have ...
bloomberg.com/news/articles/2023-06-12/billionaire-trio-said-to-agree-to-lock-up-period-at-americanas
Americanas Billionaires Offer $1.9 Billion, Unlocking Debt Talks: The billionaire shareholders behind troubled Brazilian retailer Americanas SA are informally ...
bloomberg.com/news/articles/2023-03-02/americanas-billionaires-offer-1-9-billion-unlocking-debt-talks
Billionaire Trio Behind Americanas to Lead $379 Million Funding: Distressed Brazilian retailer Americanas SA got court approval for a debtor-in-possession ...
bloomberg.com/news/articles/2023-02-10/billionaire-trio-behind-americanas-to-lead-379-million-funding
Americanas' top shareholders boost injection offer to $1.9 bln -Bloomberg News: The top shareholders of retailer Americanas SA (AMER3.SA) are informally offering ...
reuters.com/business/retail-consumer/americanas-top-shareholders-boost-injection-offer-19-bln-bloomberg-news-2023-03-03/
Alleged fraud at a Brazilian retailer sparks a corporate reckoning: The scandal puts three low-key billionaires in the spotlight
economist.com/business/2023/02/09/alleged-fraud-at-a-brazilian-retailer-sparks-a-corporate-reckoning
Quick Glance: Scandal at Brazilian Retailer Triggers Corporate Reckoning
- In Brazil, businesspeople are not easily shocked. In the past decade, they have witnessed two business empires collapse in disgrace.
- The latest scandal erupted on January 11th, when the new boss of Americanas, Sergio Rial, reported "accounting inconsistencies" that had allowed the 94-year-old retail giant to conceal 20 billion reais ($4 billion) of debt over a decade.
- While not as significant as the incidents involving Odebrecht and Batista, the episode has caused a stir.
- The trio's fate now depends on the specifics of what occurred at Americanas. The company's interim management and its shareholders are investigating. Brazil's markets regulator is also involved.
Alleged fraud at a Brazilian retailer sparks a corporate reckoning: The scandal puts three low-key billionaires in the spotlight
economist.com/business/2023/02/09/alleged-fraud-at-a-brazilian-retailer-sparks-a-corporate-reckoning
Brazilian billionaire Jorge Paulo Lemann sued in US court for 'accounting inconsistencies' - The Rio Times
riotimesonline.com/brazil-news/brazil/brazilian-jorge-paulo-lemann-sued-in-us-court-for-accounting-inconsistencies/
3G Billionaires’ Personal Assets Targeted by Americanas Creditors: Top Brazilian banks that are creditors of distressed retailer Americanas SA plan to go after ...
bloomberg.com/news/articles/2023-02-02/billionaires-personal-assets-targeted-by-americanas-creditors
Americanas' billionaire shareholders say they were unaware of accounting problems
reuters.com/business/retail-consumer/americanas-billionaire-shareholders-say-they-were-unaware-accounting-problems-2023-01-23/
Americanas Billionaire Trio Faces Possible Brazil Congress Probe: Prospects of a confrontation between Brazil’s congress and the billionaire shareholders behind ...
bloomberg.com/news/articles/2023-03-08/americanas-billionaire-trio-faces-possible-brazil-congress-probe
Investor group requests arbitration against Brazil's Americanas and 3G Capital: A group of investors requested a collective arbitration against troubled ...
reuters.com/business/retail-consumer/investor-group-requests-arbitration-against-brazils-americanas-3g-capital-2023-01-19/
Lemann-Backed Retailer Americanas Loses CEO on $4 Billion ‘Inconsistencies’: Americanas SA, the Brazilian retailer that counts billionaire Jorge Paulo Lemann ...
bloomberg.com/news/articles/2023-01-11/lemann-backed-retailer-loses-ceo-on-4-billion-inconsistencies
Josh Kushner Is Richer Than Trump After Billionaires Back His Firm: Henry Kravis, Mukesh Ambani and Jorge Paulo Lemann are among the latest investors ...
bloomberg.com/news/articles/2023-01-24/josh-kushner-is-richer-than-trump-after-billionaires-back-his-firm
Americanas Scandal Pits Brazil’s Billionaires Against Each Other: The accounting scandal at retailer Americanas SA is getting personal for Brazil’s business ...
bloomberg.com/news/articles/2023-01-17/americanas-amer3-accounting-scandal-roils-btg-3g-billionaires
Vanished $4 Billion Brings Down Century-Old Retailer in a Week: Hours after revealing a scandal that would roil Brazilian markets, Sergio Rial joined a Zoom call ...
bloomberg.com/news/articles/2023-01-20/vanished-4-billion-brings-down-century-old-retailer-in-a-week
Billionaire Jorge Paulo Lemann decides to return to Brazil because of the Americanas affair - The Rio Times
riotimesonline.com/brazil-news/brazil/billionaire-jorge-paulo-lemann-decides-to-return-to-brazil-because-of-the-americanas-affair/
Accounting scandal in Brazil weighs on Jorge Paulo Lemann: Brazilian retailer Americanas has falsified its balance sheets on a grand scale ...
nzz.ch/international/der-bilanzskandal-bei-americanas-in-brasilien-erinnert-an-enron-in-den-usa-und-weckt-zweifel-an-der-serioesitaet-des-grossinvestors-jorge-paulo-lemann-ld.1722892
Americanas: Brazilian billionaires say they did not know about the billionaire gap - The Rio Times
riotimesonline.com/brazil-news/brazil/americanas-brazilian-billionaires-say-they-did-not-know-about-the-billionaire-gap/
Beer baron Jorge Lemann gets caught up in an accounting scandal: In Brazil, a billionaire attacks the other in court. Both have a close connection to Switzerland ...
handelszeitung.ch/panorama/americanas-affare-in-brasilien-bierbaron-jorge-lemann-gerat-in-den-strudel-eines-bilanzskandals-565093
Paid articlePaid Americanas Meltdown Hits 3G Billionaires After $4 Billion Hole: Three of Brazil's richest businessmen have owned a stake in the retailer since 1982 and risk a ...
bloomberg.com/news/articles/2023-01-13/americanas-meltdown-hits-3g-billionaires-after-4-billion-hole
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics