Marcel Telles Net Worth

Marcel Telles has an estimated net worth of $2.8 billion, according to Forbes Real-Time Billionaires, Marcel Telles profile (figures as of October 20, 2026). That is down from a peak of $11.5 billion.

Marcel Telles is a Brazilian businessman tied closely to beer and private equity. He is a co-founder and board member of 3G Capital and a board member of AB InBev. Earlier in his career, he joined Banco Garantia in 1972 in a clerical job and became a partner in 1974. He later led Brahma as CEO from 1989 to 1999 and was also a partner of GP Investimentos until 2004.

His wealth came from long-running stakes in major consumer companies. With longtime partners Jorge Paulo Lemann and Carlos Alberto Sicupira, he shared control of Anheuser-Busch InBev and helped build 3G Capital after late 2004. The firm bought Burger King in 2010 and became known for investments in Restaurant Brands International, parent of Burger King and Tim Hortons. Forbes currently estimates his net worth at $2.8 billion on October 20, 2026.

How Marcel Telles makes money

Telles built his fortune through beer and dealmaking. He is best known as a co-founder and partner of 3G Capital, a private equity firm with major investments in Anheuser-Busch InBev and Restaurant Brands International. He also shared control of AB InBev with Lemann and Sicupira. Before that, he spent years in finance at Banco Garantia and later ran Brahma, adding operating experience to his investing career.

3G kept expanding into consumer brands. In 2021, it acquired 75% of Hunter Douglas in a $7 billion transaction. In 2024, the firm sold its stake in Kraft-Heinz after 11 years. In 2025, 3G paid almost $10 billion for Skechers. A key change for Telles came in December 2023, when he gifted his stake in Anheuser-Busch InBev to his son Max Van Hoegaerden Herrmann Telles.

Forbes net worth and recent shifts

Forbes has shown large swings in Telles' fortune over time. Its World's Billionaires List put him at $9.9 billion in 2019, then at $11.5 billion in 2021. By 2025, that estimate had dropped to $2.3 billion. Those moves fit with how much of his wealth is tied to a small group of big holdings, especially beer and 3G Capital's consumer investments.

The latest Forbes reading points to a modest rebound. Forbes' real-time billionaires tracker showed Telles at $2.8 billion as of October 20, 2026. Recent portfolio activity gives context for that number. 3G reshaped its holdings through the Kraft-Heinz exit in 2024 and the Skechers deal in 2025, while Telles had already transferred his AB InBev stake in December 2023.