Jorge Paulo Lemann, the wealthiest man in Brazil, along with two business partners, have been cited in the Paradise Papers as being linked to no less than 20 offshore companies located in tax havens such as Bermuda, Bahamas and the Cayman Islands.

With a personal fortune estimated at approximately US$30 billion, Lemann tops the list of the sixth-richest people in Brazil. His wealth is equivalent to the poorest 100 million Brazilians combined, according to Oxfam.

A statement released by Paulo Lemann, Carlos Alberto Sicupira and Marcel Telles indicated that they relocated their tax residences outside of Brazil due to the international expansion of their business ventures, according to Poder360.

A shareholder in companies such as InBev, owner of Ambez, Burger King and Snapchat, Lemann supported the impeachment of former leftist Brazilian President Dilma Rousseff. He favors the ongoing privatization of Eletrobras, the country's state-owned electrical company and the largest in Latin America, according to Brasil 24/7.

Additionally, Pedro Parente, the president of Petrobras, Brazil's state-run oil company, appears as a member of the administration council of S-BR Global Investments Ltd., one of the offshore companies linked to Lemann. ......................