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Brazilian Billionaires’ Fortunes Plummet in Less Than a Year

Lemann, Sicupira, Telles, Saverin, and Moll saw their total net worth fall from September 2021 to June 2022

Eduardo Saverin, Brazilian co-founder of Facebook, at the FinTech Festival in Singapore in 2018. Photo: Wei Leng Tay/Bloomberg
June 18, 2022 | 08:46 am

Bloomberg Línea — The fortunes of Brazilian billionaires Jorge Paulo Lemann, Eduardo Saverin, Jorge Moll, Marcel Telles, and Carlos Sicupira have declined in less than a year. While inflation is high and stock markets suffer from interest rate hikes, the net worth of the country’s richest people has also been affected and they are “a little less rich”.

As Bloomberg News reported, the world’s richest 500 have lost nearly $1 trillion this year. And since September last year, Brazilian billionaires’ losses are about US$21 billion. Among them, the most significant loss was by Eduardo Saverin, co-founder of Facebook, with the tech industry being highly affected by this economic cycle.

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See below how much billionaires have lost since September last year, according to the Bloomberg Billionaires Index:

Jorge Paulo Lemann - $2.2 billion

Jorge Paulo Lemann, Brazil’s richest man, controls Anheuser-Busch InBev, the world’s largest beer maker, with fellow billionaires Marcel Telles and Carlos Sicupira. They also have stakes in Kraft Heinz and Restaurant Brands International, the Burger King company, as well as controlling retailer Lojas Americanas.

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Lemann has lost $2.2 billion since September last year, with his fortune going from $21.4 billion to $19.2 billion.

Marcel Telles - $1.94 billion

One of Lemann’s partners, Telles has lost $1.94 billion since September 2021, with his fortune going from $10.1 billion to $8.16 billion.

Carlos Sicupira - $1.08 billion

The third partner of the billionaire trio, Carlos Sicupira has lost $1.08 billion since September 2021. His net worth has gone from $8.7 billion to $7.62 billion.

Jorge Moll - $6.75 billion

Jorge Moll Filho is a physician and chairman of the board of Brazil’s largest private hospital chain, Rede D’Or. Moll and his family have lost $6.75 billion since September last year, from $14 billion to $7.25 billion.

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Eduardo Saverin - $10 billion

The sharpest loss among Brazilian billionaires was that of Eduardo Saverin, the co-founder of Facebook. Saverin’s assets are estimated at $8.9 billion while last year they were $19.1 billion.

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