Richest Brazilian: Being Big a Burden in Sanders Era
- Jorge Paulo Lemann has a fortune worth $30.8 Billion
- Tycoon says better to be a ‘little less than the biggest’
This article is for subscribers only.
The popularity of Bernie Sanders in the U.S. is a sign that it has become “uncomfortable” to be a market leader and dialing back scale can have its benefits, Brazil’s richest man, Jorge Paulo Lemann, said in a rare public appearance Monday.
Lemann is the co-founder of 3G Capital Inc, a New York-based private equity firm known for mega-deals followed by ruthless cost-cutting. He’s a shareholder in Anheuser-Busch InBev SA, which is in negotiations with SABMiller Plc to create the world’s biggest beer company with about half of global profits. He also teamed up with Warren Buffett to create Kraft Heinz Foods Co, the world’s fifth-largest food and beverage company.