Behind Guilherme Paulus’ 1.1 billion net worth

Forbes just announced that Brazilian mogul Guilherme Paulus just made its 2018 list of billionaires in the world. According to Forbes, Guilherme Paulus is worth approximately 1.1 billion dollars. The Brazilian mogul has earned the place on the list following the work that he does managing his company in the tourism sector in Brazil as well as the hotelier industry.

Guilherme Paulus journey to success

At the age of twenty-four back in 1972, Paulus met a friend while on a ship trip in Brazil. the politician friend of Paulus came to him with an idea to launch a business in the tourism sector that has been booming since back then. The idea that came up as a joke led to the two partnering and launching CVC; a tour operating company in the State of Brazil. The company did so well over the first few years and eventually, Paulus bought his partner’s shares since he had set his priorities in politics rather than managing a company. The end of their partnership was amicable and gave Paulus complete control over the company which he used to drive the company to dominance in the industry. at the end of the year 2009, Paulus sold more than 60 percent of the company to a private equity firm by the name Carlyle for 420 million dollars. Despite the sell, he still maintains an active role in the company’s operation.

In the year 2005, while still running CVC, Paulus saw a widow in the hotelier industry and launched GJO Hotels and Resorts. The company integrated well with the CVC operations. Up to date, the company owns more than 20 hotels in different parts of Brazil and operates each one of them as well. in 2014, when Brazil was hosting the World Cup, Guilherme Paulus was contracted by the government to build several hotels around the areas of the major airports in the country to accommodate the influx of visitors that the country was anticipating. Due to the job well performed that year, Paulus was also awarded a similar contract in 2016 during the Summer Olympics.

The 69-year-old father of two has made a name for himself in the industry and continues to take on huge projects by contractors in different parts of the world.