The largest stakeholder in Heineken and one of the richest women in the world, Charlene de Carvalho, has had her net worth significantly diminish, losing $877 million as a result of the decline in Heineken demand in Nigeria, Asia, and other places.
Charlene’s net worth, which was estimated by Forbes to be $14 billion, has decreased by roughly 5.88% based on data analysis.
This loss might be linked to Heineken’s subpar market performance in Nigeria and Asia, where it sells alcoholic beverages.
Heineken’s market share was €90.96 at the time of publication, down €5.90 (-6.09%).
According to the 2022 annual report, Charlene de Carvalho-Heineken’s family owns an 88.9% ownership in L’Arche Green, a Dutch investment firm with a 52.6% stake in Heineken Holding. L’Arche Green is the owner of the majority stake in Heineken.
As a result, the value of her stakes has been considerably influenced by the recent decline in Heineken’s share price.
Heineken’s dismal earnings report and a lowered financial outlook are to blame for the company’s share price drop.
The net profit decreased by 9% in the first half of the year as a result of weaker demand in Asia Pacific, which is usually its most lucrative market.
In comparison to the same period the previous year, the amount of beer sold in the region decreased by 13%, with notably poor sales in Vietnam, where the company had difficulties in a cutthroat industry.
Additionally, Nigeria’s “socioeconomic volatility” had an impact on Heineken as the country struggled with a cost-of-living crisis following the removal of fuel subsidies in late May.
More than half of the overall loss in the first six months was attributable to the combined decline in Vietnam and Nigeria.
According to the company’s financial statistics for the first half of the year, inflation and currency devaluation caused a significant slowdown in market growth, with Nigeria leading the pack.
With headquarters in Amsterdam and operations in over 70 countries, Heineken offers over 300 beverage brands, including well-known ones like Amstel, Tiger, and Strongbow Apple.
The corporation recently raised prices in an effort to combat unheard-of levels of commodity and energy inflation, but this move appears to have alienated some customers and decreased sales of premium beer.
Heineken anticipates that inflationary pressures would lessen in the second part of the year, but not enough to keep its previous earnings estimate.
Charlene de Carvalho-Heineken was born in 1954 in Amsterdam to Freddy Heineken and Lucille Cummins. To ensure family control over the brewery, her father established Heineken Holding in 1952.
