Name
Walter Faria
Walter Faria
Rio de Janeiro, Brazil
Brazil
beer, Self Made
$3,000,000,000
1008
#1008 Billionaires 2019
Beer industry veteran Walter Faria bought Grupo Petropolis in 1998 and transformed it into one of Brazil's largest beer-and-beverage companies. His Grupo Petropolis makes Itaipava beer, one of Brazil's most popular brews. Founded in a mountainous region in the state of Rio de Janeiro, Grupo Petrópolis is the country's only large brewery that is 100% Brazilian owned.
Brazil is the world's third largest market for beer. Brazil's richest, Jorge Paulo Lemann, owns a minority stake in AB Inbev, the world's largest brewer.
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