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June 28, 2021 / 2022 Wealthiest people in CT

Wealthiest People in CT: 6. Alexandre Behring

Co-founder and Managing Partner
3G Capital, New York
2022 Net Worth: $5.1 billion
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Greenwich resident Alexandre Behring, 55, has a healthy appetite for food and beverage companies.

The Brazilian-born Behring is the co-founder, co-managing partner, and investment committee member at 3G Capital Partners Ltd., a private equity firm. Under his leadership, 3G, through its interest in Restaurant Brands International Inc. (RBI), acquired Burger King in Oct. 2010 and, in Dec. 2014, Burger King bought Tim Hortons.

Burger King ranks as one of the world’s largest fast-food hamburger chains, while Tim Hortons is one of the largest restaurant chains in North America and claims to be the largest in Canada.

RBI also owns Popeyes Louisiana Kitchen, said to be the world’s largest quick-service restaurant chicken concept.

In 2013, 3G and Berkshire Hathaway acquired Heinz, and in July 2015, 3G Capital and Berkshire completed the combination of H.J. Heinz Co. and Kraft Foods Group, forming the Kraft Heinz Co.

Behring personally takes a long-term investment view.

“We are long-term owners with a near-infinite time horizon, very unlike the typical private equity model,” he said a few years back in an interview with the Financial Times. “Our model does not rely on M&A. In building efficient companies through a culture of meritocracy and ownership, we free up capital to reinvest aggressively behind our brands and businesses. Product innovation and effective marketing are central pillars of our strategy, and serve as growth drivers at companies like RBI and Kraft Heinz.”

3G Capital says its strategy involves identifying and investing in “opportunities that are well-positioned for profitable, long-term growth and success across a variety of different sectors and regions.”

They seem to be hitting the right notes: Behring alone has a net worth of $7.5 billion, according to Forbes.

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