AFAIK it works only for his first company, which is fair, MEI is ok for a first company. But not for serial projects like his, with many different areas of business.
Also, sorry to say, but I would never have a MEI myself. The mixture of your personal legal entity (for US citizens, think of your social security number) being legally bound to your CNPJ (for US citizens, an LLC or other company) is another problem entirely. If your company gets audited, all your personal accounts and your IRS get audited at the same time? Hard no for me. Thank you.