Brazilian Engine Maker Faces Trump's Tariffs After Making Billions for Owners
Wealth
Billionaires
Brazilian firm WEG has created $21.1 billion in wealth for the descendants of its founders. Now it's facing what may be its biggest challenge yet.
It's said that 'dividend days' are the best days of the year in the remote Brazilian town of Jaragua do Sul, population 180,000.
That payment, together with a profit-sharing program from electric-motor maker WEG SA, helps to support some 20% of the city's residents, spanning current workers to family members and retirees. The 64-year-old company, founded by an electrician, an accountant and a mechanic, says its own health clinics treat nearly as many patients a year as the city's health system.
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