The popular 80-20 rule Pareto principle seems relevant while having a look at the list of richest people in the globe. There are very few people who are holding a major part of the resources and wealth in the world, however, the major part of the world is fulfilling their basic needs on very limited resources. The Un Department of Economics and Social Affairs has recently published the 2020 World Social Report which mentions that from 1990 to 2015, an increase in the wealth has been experienced by 1% of the world population while less than a quarter of income is earned by the bottom 40% in each country which has been surveyed. The world’s top billionaires are from the United States and personalities such as Warren Buffett, Jeff Bezos, Elon Musk, and Mark Zuckerberg are famous among them. But in developing countries, the inequality regarding income is at its worst position. World economies are considerably affected by the COVID-19 pandemic. Due to the vulnerable economy and healthcare system, must loss have been experienced by South and Central America. The continent is struggling to reshape its economy to a stable position with the loss of an irresistible number of human lives. We will share information about Top 5 Richest People in Central and South America below in this article.
Marcel Herrmann Telles has his shares in the largest brewery in the world know as Anheuser-Busch InBev. The company was co-founded by him with Carlos Alberto Sicupira and Jorge Paulo Lemann. The first chairman and CEO of AB InBev company were Herrmann Telles. A private equity firm named 3G Capital is also owned by Herrmann Telles. H.J. Heinz & Company was owned by Warren Buffett’s firm, Berkshire Hathaway and 3G Capital in 2013. The owner of Group Aval which is a banking conglomerate situated in Colombia is Luis Carlos Sarmiento. Carlos Sarmiento focused on developing commercial and residential structures in 1950. Therefore, investments were made in the banking sector by Carlos Sarmiento. He owned shares in financial firms and commercial banks. 22% of the assets of the Colombian banking industry were held by Carlos Sarmiento in 2000. Group Aval is a holding company to manage telecommunication and banking interest and the real state has been developed by him. The current chairman of the holding company is Carlos Sarmiento. El Tiempo, the leading newspaper of Colombia is also owned by Luis Sarmiento since 2012. Read more in this article 15 Richest People in Central and South America.