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Immigrant Profile: Alex Behring

Background

The legendary businessman Alexandre Behring da Costa was born in Brazil in 1967. He is the co-founder of 3G Capital, the executive chairman of Restaurant Brands International, and the chairman of Kraft Heinz (formed after the merger of the Kraft Foods and Heinz brands). He currently lives with his wife Danielle in Greenwich, Connecticut. Before coming to the United States, Behring attended the Pontifical Catholic University of Rio de Janeiro, where he earned his degree in electrical engineering.

Immigration to the United States

In 1995, Behring entered the United States and enrolled as a Baker Scholar at Harvard Business School, where he obtained his MBA. By 2004, Behring and four other investors co-founded 3G Capital, a multibillion-dollar Brazilian-American investment firm with offices in Rio de Janeiro and New York City. Based in New York, he remains the managing partner of 3G Capital today.

Professional Background & Achievements

In his role at 3G Capital, Behring is also chairman of the Canadian holding company Restaurant Brands International, whose most notable holdings are the giant fast food chain Burger King; the popular Canadian restaurant and coffee shop chain, Tim Hortons; and, as of 2017, the fried-chicken chain Popeye’s Louisiana Kitchen. What’s more, in a partnership with Berkshire Hathaway, Behring oversaw the merger between Kraft Foods and Heinz in 2015, a merger that created the world’s fifth-largest food and beverage company.

Contributions to the U.S. Economy

Behring’s other significant contributions to the United States economy include a partnership with renowned billionaire Warren Buffett’s company, Berkshire Hathaway. This powerful partnership allowed Behring to add Heinz to his already impressive portfolio.

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EB-5 Program Update:

The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.

If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.

LCR expects the program to be reauthorized in December, and continues to work with international families that want to explore alternative residency options.

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