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 reputational stain after accounting irregularities.
Jorge Paulo Lemann, co-founder of 3G Capital
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Jorge Paulo Lemann, Marcel Telles and Carlos Sicupira have invested together for decades, earning a reputation as some of the most astute businessmen in Latin America and a combined fortune of $39.4 billion.
That reputation is poised to take a hit after one of their longest-running investments — Brazilian retailer Americanas SA — was plunged into crisis this week over accounting irregularities, sending its shares tumbling and shaving almost a half-billion dollars from their wealth.