Business: Billionaire Ludwig's Brazilian Gamble

The richest man in America risks his fortune in the Amazon, opening an untamed area

The scene is jarringly surrealistic. For thousands of square miles, there is nothing but the endless green of the Amazon rain forest, forbidding, primeval, untamed. Then, on a remote bend of the Jari River, a fast-flowing tributary, the vista changes dramatically. There, as tall as a 16-story building, stands a monument to modern engineering: a brand-new, spanking-white pulp plant, which reaches out with ducts, cables and conveyor belts to a wood-chipping mill, a chemical factory and a power...

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