# Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV is an other based in St. Louis, Belgium.

## Overview

- **Organization type:** other
- **Headquarters:** St. Louis, Belgium
- **Region:** North America
- **Address:** Leuven, Belgium
- **Assets under management:** Undisclosed
- **Website:** www.ab-inbev.com

## Regulatory record

- **Reports private funds:** No

## About

Anheuser-Busch InBev SA/NV was formed through a series of mega-mergers, the most pivotal being the 2008 combination of Belgium's InBev and US-based Anheuser-Busch. The deal was orchestrated by 3G Capital, the Brazilian investment firm controlled by Jorge Paulo Lemann, Marcel Telles, and Carlos Sicupira — who together hold a substantial minority stake. This structure gives the founding families outsized board influence despite being a publicly traded entity (per the company's annual filings, years 2008–2024). The company invests heavily in production and distribution infrastructure rather than financial assets. Its strategy focuses on premiumization (shifting drinkers to higher-margin brands like Michelob Ultra) and geographic expansion, particularly in Africa and Asia. Confirmed holdings include breweries, logistics networks, and agricultural operations across over 50 countries (per AB InBev's 2023 annual report). The firm also operates a venture capital arm, ZX Ventures, which makes direct minority investments in craft beer, hard seltzer, and adjacent categories (per the firm, ZX Ventures was launched in 2015). AB InBev employs roughly 160,000 people globally and maintains corporate headquarters in Leuven, Belgium, with major offices in New York, London, and elsewhere. The company's 2023 annual report listed total assets of $217 billion and operating cash flow of $16.4 billion. In April 2024, the firm completed the sale of its Australian subsidiary Carlton & United Breweries to Asahi Group Holdings for $11.3 billion (per Financial Times, April 2024). AB InBev is structurally distinct from most family offices or asset managers because it is a fully operating business — a publicly traded brewer — that channels its substantial free cash flow into brand building, supply chain modernization, and debt repayment rather than external investments. The 3G Capital partners' long history of operational engineering (cost cutting, zero-based budgeting) gives the board a distinctive activism posture unusual for a global consumer staple.

## Sectors

- Beverages
- Alcohol
- Consumer Staples

## Offices

- New York, United States
- London, United Kingdom
- Portola Valley, United States
- Santa Monica, United States
- San Francisco, United States

## Questions

### Does AB InBev have a venture capital arm?

Yes. AB InBev operates ZX Ventures, a corporate venture capital unit launched in 2015. ZX makes minority investments in craft brewers, hard seltzer brands, and adjacent beverage categories, as well as technology companies serving the brewing industry (per the firm).

### How large is AB InBev by revenue?

In its 2023 fiscal year, AB InBev reported total revenue of $59.6 billion, with operating income of $16.4 billion (per the company's annual report, 2023).

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Last updated: 2026-07-10T19:37:37.000Z

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