Lorenzo Mendoza & family’s profile picture

Lorenzo Mendoza & family

Lorenzo Mendoza & family’s profile picture
Net worth 2018: $1.5 Billion
Country: Venezuela
BirthDay: 5 October 1965
Sigh: Scorpio
Children: 4
Education: Bachelor of Arts / Science, Fordham University; Master of Business Administration, Sloan School of Management
BIOGRAPHY

Lorenzo Mendoza & family was bornon 5 October 1965 in Venezuela. Lorenzo Mendoza runs Venezuela's largest food company, Empresas Polar, which was founded by his grandfather. It produces and sells beer and basic food items including flour, condiments, tuna fish and wine. A long-time critic of deceased former Venezuelan President Hugo Chavez, Mendoza continues to struggle with government policies. President Nicolas Maduro has called him an "oligarch of the devil" and has accused him of reducing production and hoarding products to create shortages. Mendoza has always denied these accusations. In December 2015, government officials reportedly entered Polar's Pepsi plant in Caucagua, detained employees and ordered them to restart production of goods, but the company said they could not be produced due to raw material shortages as a result of Venezuela's currency control system. The employees were subsequently released.

NET WORTH STATISTIC
2010

$3.5 Billion

2011

$3.4 Billion

2012

$3.4 Billion

2013

$4 Billion

2014

$3.5 Billion

2015

$2.7 Billion

2016

$1.5 Billion

2018

$1.5 Billion

TIMELINE
2015

As of November 2015, Forbes estimated his net worth at US$2

2009

In 2009 Polar was a casualty of Venezuelan president Hugo Chavez's land reform schemes when the government took over one of the company's properties claiming the land was being underused

1993

Mendoza attended the Hun School of Princeton in New Jersey, and went on to receive a bachelor's degree in industrial engineering from Fordham University, and an MBA in 1993 from the MIT Sloan School of Management

1965

Lorenzo Alejandro Mendoza Giménez (born 5 October 1965) is a Venezuelan billionaire businessman, the CEO of Empresas Polar, owned by his family, and Venezuela's largest privately held company, with $7 billion in annual sales

1941

Lorenzo Mendoza is the third generation of the family that controls Empresas Polar, Venezuela's largest privately held company, founded by his grandfather as a beer company in 1941

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