Saputo Jr., now in his mid-50s, has been with the family-controlled company for 33 years, including nearly two decades as chief executive. But one thing we can say for sure is that hes still living the sweet life and taking care of business well into his seventies. Giuseppe Saputo, an Italian cheesemaker, immigrated with his family to Montreal in the 1950s. Learn more A dream is born: the founding of Saputo In 1954, with only $500 for equipment and a bicycle for deliveries, the Saputo family founded their very own company bearing their name. In the early 1950s, members of the Saputo family, led by Giuseppe, a cheesemaker, immigrated to Canada from the Italian village of Montelepre. And yet over 70 years Saputo Inc., started by a family of Italian immigrants, has grown swiftly into an international dairy behemoth. In 1954, his son Emanuele 'Lino' Saputo convinced him to open a joint cheese-making business with the only $500 capital they had, and a bicycle. The family founded Saputo in 1954, and Emanuele Saputo became president of it in1969. Functions will include working closely with various internal stakeholders from across the business. Couche-Tard, also known as Alimentation Couche-Tard, was founded by Alain Bouchard with a single convenience store in 1980. He is the founder of the Canadian cheese manufacturer Saputo Inc. He belongs to the dropout class of billionaires like Mark Zuckerberg and Bill Gates. Initially, Coutu expanded into Quebec, Ontario, and New Brunswick. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. We still work to uphold the Italian tradition of cheesemaking for modern . 1957: Saputo opens its first company-owned cheese factory in Saint Leonard, a Montreal suburb. He later went on to become the full owner of Molson Brewery in Montreal. Today Couche-Tard stores can be found all over the world. [citation needed] In August 2017, Lino Saputo Jr. assumed the role of chairman, and Saputo remains the majority shareholder of Saputo Inc.[1], Possible links to the Mafia have been raised in the past, more recently in January 2020 with Radio-Canada investigative program Enqute. At the time, pharmacies could be open at all hours unlike other retailers, so folks turned to Jean Coutu pharmacies when they needed certain things when other stores were closed. Saputo, 82, has a net worth estimated at $6.5 billion and is one of the richest people in Canada. For event updates, visit . Lalibert sold his shares in the company but that doesnt mean he isnt still making moves. Emanuele (Lino) Saputo is an Italian-Canadian billionaire businessman who has an estimated net worth of $4.9 billion. This Before Cirque du Soleil had to shut down all its shows due to Covid-19, Guy Lalibert sold his remaining stake in the company to Quebec Deposit and Investment Fundfor more than 100 million dollars in February 2020. The company has made four acquisitions in 2021 alone, the most recent being its September purchase of the Carolina Aseptic and Carolina Dairy businesses in North Carolina for US$118 million (approximately $149 million). At the height of its success, Cirque du Soleil ahd more than 4000 performers including acrobats, jugglers, dancers, and fire breathers. Get up to $2,000 cashback + $50 signup bonus. By 1981, the company secured their first acquisition outside Quebec, a cheese plant Dollarama, which went public in 2009 under the ticker DOL, now have a market capitalization of more than $17 billion dollars. The company says it has spent $9.1 billion to expand its operations since its 1997 initial public offering, including through 35 acquisitions, earning it a strong reputation for integrating and improving the many companies it has gobbled up. Visit our Community Guidelines for more information and details on how to adjust your email settings. Joey Saputo began working for the family business in 1985, Saputo Inc., a dairy processing company founded by his father Lino Saputo in 1954. Get a $25 bonus when you open an investment account with Canadas most- popular robo-advisor. Postmedia may earn an affiliate commission from purchases made through links on this page. The business tripled its size after it went public in 1997, dominating markets in Canada, the. It was Power Corporations foray into insurance and financial services that made it one of Canadas largest companies. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. DiBella initially agreed to personally invest [7] In 2008, Saputo acquired Neilson Dairy from George Weston Limited for C$465million. Quebecor was formed one year after Pierre Pladeau Sr. started Le Journal de Montral. Named in honor of the Saputo family, which donated a bulk of the funds for the stadium's completion, the venue resides at Olympic Park, where it is accessible by both the Viau and Pie-IX subways. Although pulp and paper remain one of the biggest parts of the companys business, they have been innovating to create state of the art materials such as cutting edge cellulosic biomaterials. Revenue: $10+ billion (USD) Founded in 1954, Saputo produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and . At Saputo, our best comes from our people. Saputo, the son of an immigrant cheesemaker, had become a billionaire, philanthropist, and head of Quebecs richest family. Lino himself took charge of . Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. Early Life and Establishment of Saputo Inc. [citation needed]. History Of CF Montreal: Founded In 1992. He is the founder of the Canadian cheese manufacturer Saputo Inc. Theyre behind that green and yellow sign you see everywhere in Canada. However, it is his son, Larry Rossy, who came up with the concept of the cheap dollar store after he took over from his father. Wealthsimple Invest is a simple and affordable way to invest your RRSP, RESP or TFSA. Alain Bouchard went from living in a mobile home to becoming one of the richest people in all of Canada. The Desmarais Family Worth: $5.58B Overall rank in Canada: 7 Paul Desmarais began his career at a Montreal accounting firm and then later owned his father's almost bankrupt railroad and bus line. Company Description: Saputo produces markets and distributes a wide variant of dairy products such as cheese, fluid milk, extended shelf-life milk and dairy ingredients. In 1979, Mirella and Lino launched a charitable foundation, the Fondation Mirella According to a 2019 profile in the Globe and Mail, he has a constantly revolving collection of luxury cars, with a particular affinity for 1980s-era Porsches. Although Molson Coors is now a publicly-owned company, the family still plays a major role in its Canadian operations. Telesystem sold a lot of its cellular assets at the beginning of the 2000s. That quick success had to do with the fact that back then private payment processors were a fairly new thing. In the midst of all that he also became the first Canadian space tourist and created the One Drop Foundation to help ensure access to clean water around the world. Use the HARDBACON promo code to get $20 when you open a free KOHO account and make a purchase. I would say that weve looked at over 300 files and weve only made 31 acquisitions since we went public in 1997, so we have looked at a lot of files and weve walked away from a lot more files than weve materialized.. Lino A. Saputo Jr., BA 89, co-chair for the Campaign for Concordia and chair of the Board and Chief Executive Officer of Montreal-based Saputo Inc. (TSE:SAP), says this major gift is a pragmatic investment for his family. There are quite a few different things that billionaires can teach us. In 1999, the company The Saputo family invested $7.5 million in the construction of the stadium and, as a result, the venue was named Saputo Stadium. Its products are sold in over 60 countries worldwide,[3] operating in Canada, the United States, Argentina, Australia and the United Kingdom, with about half of its revenues coming from its US operations. The Company has completed 36 acquisitions since it became publicly traded in 1997. [7], In 2001, Saputo acquired Dairyworld Foods, the production and marketing arm of Agrifoods International Cooperative Ltd, which included the Dairyland milk and Armstrong cheese brands, for C$407million. Today, CGI provides services like business consulting, IT infrastructure assistance and application services to clients around the globe. Businessman most famous as the President of the Canadian professional soccer team the Montreal Impact. According to Canadian Business, the Kruger Family is worth $1.91 billion. Yes, its also a lonely position, just like sometimes when youre a CEO it is a lonely position. That wealth has everything to do with his father, Pierre Pladeau Senior. . Essentially, they gave business people the ability to send short wireless text messages on a tiny electronic device you could hook onto your belt buckle. You may not be familiar with his name, but youve definitely visited one of Bouchards more than 15,000 convenience stores around the world. SAPUTO ADDS NEW PLATFORMS IN AUSTRALIA AND THE UK. Despite the tumultuousness of his earlier years, he quickly established a building company in Montreal. The Montreal-headquartered company is one of the biggest dairy processors in the world, selling cheese, milk, and other dairy products in more than 60 countries. Fortin has established Lise et Richard Fortin, a foundation that provides money to a variety of causes including those that assist children and the elderly. his ambitions drove him to encourage his parents to return to cheese making, which had been the family business in Sicily. The company further benefited from the increasing popularity of pizza during the 1960s, since it meant growing demand for mozzarella. [18], On February 22, 2019, it was announced that Saputo would be buying British dairy company, Dairy Crest. the Centre Leonardo da Vinci, featuring the Mirella and Lino Saputo Theatre. [4][non-primary source needed] It operated in Wales and Germany from 2006 to 2013. [3], Saputo owns a significant stake in a trucking company, TransForce, and has extensive investments in real estate, forest products, hotels and golf courses. Prequalify in 5 minutes or less! cooperatives, Agrifoods International Co-operative (known more commonly as Dairyworld). The Posthaste newsletter has all the breaking business news and market signals you need, The Posthaste newsletter the business news you need, Who are the Saputos? Budgeto is the first easy-to-use, affordable and reliable online budgeting tool designed specifically for small and medium-sized businesses. 1969: Giuseppe Saputo retires and Lino Saputo becomes chairman and builds company into Canada's largest dairy products group. : Meet the Canadian billionaire who made an early bet on Google and calls himself cheap, Whos Joseph Tsai? The Molson Family Foundation is the philanthropic arm of the Molson family which has donated to, and supported, a wide variety of causes in Canada such as education and the arts. Up until 2019, Paul Jr. and Andr remained in charge of Power Corporation. The Company completed its initial public offering in Canada in 1997. Stade Saputo got built in 2007 to serve as the new home of the Montreal Impact, who were back then still playing in the NASL. In the early 1950s, the Saputo family left their home town of Montelepre, Sicily, in order to start a new life in Canada. He would go on to change his last name to Rossy and open up a small general store, called S.Rossy, in Montreal. Ms. Saputo knows first-hand the stresses and challenges that are facing multi-generational business families, and after earning a bachelor of commerce degree and a graduate degree in institutional administration . In 2011, he was made an Officer of the National Order of Quebec. [6], Learn how and when to remove this template message, "Forbes profile: Emanuele (Lino) Saputo & family", "Quebec dairy mogul Lino Saputo had secret past dealings with U.S. mobster Joe Bonanno, then lied about it", "Notable Canadian companies, individuals in the Paradise Papers", "Canada's Richest People: The Saputo Family", "Canada's Outstanding CEO of the Year 2019: Lino Saputo Jr", https://en.wikipedia.org/w/index.php?title=Lino_Saputo&oldid=1120973894, This page was last edited on 9 November 2022, at 20:52. In the midst of all that he also became the first Canadian space tourist and created the One Drop Foundation to help ensure access to clean water around the world. In 2017, the company was sold to a private equity firm for just over $400 million with Fayer staying on as CEO. June 22, 2022. The business quickly benefited from steady demand from fellow Italian immigrants, who longed for the products of home. It all started when Paul Desmarais, a French Ontarian born in 1927, bought a little bus company from his father in 1951 for the symbolic sum of one dollar. Check out the latest episode below: Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. In 1997, it became a publicly traded company and tripled in size following the acquisition of Stella Foods in the US. Whether you drink beer or not, youve likely heard of Molson. Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. He is the co-founder of the Cirque du Soleil international entertainment empire, which before its bankruptcy, was valued at more than a billion dollars. In those early years, young Lino Saputo delivered our handmade cheeses on a bicycle. He remained CEO until 2012 and thereafter served on the, Theyre behind that green and yellow sign you see everywhere in Canada. Giuseppe Saputo, a cheesemaker, immigrated with his family to Montreal in the 1950s from Italy. [9] Agrifoods International was itself the result of a series of mergers between dairy cooperatives in Western Canada in the 1990s. Concordians celebrated a visionary gift of $10 million from the Mirella & Lino Saputo Foundation and the Amelia & Lino Saputo Jr. Foundation on Nov. 1. This businessman speaks five languages and has a collection of honorary doctorates. + Do you need car insurance for renting a car? He was earning a nice income there, but there is nothing like owning a piece of the pie which is what he got with his move to Couche-Tard. In 1954, his son Lino convinced him to start a business. in Cooksville, Ontario. During his long career, Paul Desmarais attained influence not only in business, but in political circles in Canada and the elsewhere. He is responsible for communication at Hardbacon, and will entertain you with his articles about a wide variety of topics. Born in Berlin, Stephen Jarislowsky left Nazi Germany for the Netherlands, then France, before immigrating to the United States in the 1940s. In 1964, Lino sought to convince his father to expand and modernize the company operations, particularly after touring the Grande Cheese Co. of Wisconsin, owned by a Sicilian American, Giovanni (John) DiBella. According to Forbes, he has an estimated net worth of US$4.7 billion as of November 2022. However, by 1954, The company built its first significant production facility three years later, and quickly benefited from the boom in the North American appetite for pizza and, specifically, mozzarella. [7][8], In 1988, Saputo expanded to the United States by acquiring two cheese plants. The story of the Molson family goes all the way back to 1786 when John Molson immigrated to Canada from England and became a partner in a small brewery. A family business that started in Montreal in the early 1950's, the company has grown over the past decades into a publicly traded multinational enterprise (Saputo Inc., 2017). Storage or technical access that is used exclusively for statistical purposes. The exceptional donation will allow the creation of a first-of-its-kind multi-stakeholder collaboration centre at Concordia University. His son Andr married the France Chrtien, the daughter of former Canadian Prime Minister Jean-Chrtien. Saputo. 100 votes, 33 comments. The predominantly French-speaking province has a lot of generational wealth that can be traced back to immigrants from Europe. Saputo (SAP) Shares Cross Below 200 DMA In trading on Tuesday, shares of Saputo Inc (Toronto: SAP) crossed below their 200 day moving average of $48.13, changing hands as low as $47.32 per. The next issue of Financial Post Top Stories will soon be in your inbox. Robert Miller founded his company in 1968 and grew it to the billion-dollar business it is today. The company remained entirely family held until its initial public offering in 1997. The club was granted a franchise in the American Professional Soccer League (APSL), which was considered the highest level of professional soccer in North America at the time. Fortins business prowess has been widely demanded. [13] In February 2014, Saputo acquired a relevant interest of 87.920 percent of Victoria, Australia, dairy product firm Warrnambool Cheese & Butter Factory Company Holdings Limited shares. Paul Desmarais III, the son of Paul Jr., is vice president of Power Corporation, and he heads the companys massive investment in financial technology (fintech) including control of Wealthsimple. Every Sunday, we shine the spotlight on financial and stock market news items that may be useful to the investor, but which may have passed under the radar. In 2018, Scotiabank became the proud owner of Jarislowsky Fraser in a transaction valued at $950 million. 11. [1][2], The company has expanded predominantly through mergers and acquisitions. Azrieli has graced some of the biggest opera states in the world and performed in classics like Romeo and Juliet as well as Don Pasquale. His father was a master cheesemaker in the small village where they lived in Sicily, Italy. + Is Making Bi-Weekly Payments on a Mortgage a Good Idea? CF Montral Stade Saputo With a pristine, natural grass field, a prime location in Olympic Park and easy access by subway or car, Stade Saputo has become a privileged site for soccer in Montreal, Quebec and Canada. [4], Saputo committed C$7.5million towards the construction of Montreal Impact's Saputo Stadium at Olympic Park in July 2006. He scraped together $500 in savings for Saputos growth strategy stresses patience: CEO Lino Saputo Jr. waited 12 years for the opportunity to snap up one of the biggest dairy operations in Australia, in 2014. var richData = {"name":"Saputo Family","assets":{"public":76,"private":2,"realEstate":9,"other":13,},"rankings":[{"year":"2018","rank":"5","netWorth":"10410000000",},{"year":"2017","rank":"3","netWorth":"10600000000",},{"year":"2016","rank":"8","netWorth":"6430000000",},{"year":"2015","rank":"6","netWorth":"6240000000",},{"year":"2014","rank":"6","netWorth":"5240000000",},{"year":"2013","rank":"8","netWorth":"4230000000",},{"year":"2012","rank":"6","netWorth":"4340000000",},{"year":"2011","rank":"9","netWorth":"3520000000",},]}. . In addition to his work at the Saputo Group and CF Montreal, Joey Saputo has . Bouchard is still Executive Chairman of the Board of Directors for Alimentation Couche-Tard, the position he took after naming Brian Hannasch President and Chief Executive Officer in 2014. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. Emanuele Lino Saputo, CM, OQ, businessman, dairy and cheese industrialist, philanthropist (born 10 June 1937 in Montelepre, Italy). In the 1990s, the company made several acquisitions to diversify its product offering and geographic reach. Lino Saputo took over the family firm from his father in 1969, and began to expand the business. Giuseppe (Joseph) Saputo was born in 1905 in Montelepre, a town some thirty kilometers from Castellemmarre del Golfo, birthplace of Joe Bonanno. Considering its global reach, billions of dollars in sales, and the wealth of its founding family, Saputo Inc. is not an overly well-known Canadian company. The Montreal-based dairy processor, behind popular products like Armstrong cheese, Scotsburn ice cream and Baxter, Neilson and Dairyland milk brands, said revenue was $4.6 billion, up 17.6 per . Please try again. document.write(new Date().getFullYear()) Saputo Inc. All right reserved. . By moving to Montreal, the family followed a well-established trend for Italians immigrating to Canada. Joey Saputo's age is 58. Location: Montreal. Welcome to, et bienvenue , r/Canada! [14] It acquired all the remaining shares in March 2017. He went from building duplexes to building skyscrapers and massive malls, many in Israel, to create a billion-dollar fortune. The family founded Saputo in 1954, and Emanuele Saputo became president of it in1969. Giuseppe Saputo founded the company in Montreal in 1954, using $500 in startup capital and a single bicycle to make deliveries. After modest beginnings, the Companys founders saw their determination, hard work, passion and vision transform Saputo into an industry leader, both in Canada and around the world. According to the companys corporate history, the family used $500 to buy equipment and a bicycle for deliveries in September 1954. [20][21] The transaction was completed on April 15, 2019. Adjusted net earnings in 2021 were $715 million, down from $724 million in 2020. 2. The acquisition of La Presse and other Quebec newspapers gave him political influence in Quebec. Saputo Foodservice Montreal Location 2365, chemin de la Cte-de-Liesse Saint-Laurent, QC H4N 2M7 Contact us: (514) 328-3605 foodservice@saputo.com Discover Saputo Foodservice in Montreal, Quebec Your dairy and cheese product supplier in Montreal According to Forbes, Pierre Karl Pladeau is worth $2 billion USD ($2.42 billion CAD). The Saputo family owns hundreds of antique cars and oversees an automobile enthusiasts' club. Over the next few years, the company bought stores across Canada and around the world, notably Perrette and Provi-Soir. Immigrants are playing a major role on the list of the richest people in Quebec. Copyright 2023 St. Joseph Communications. [1] Early life [ edit] While most people associate Molson with beer, Molson also sponsors events all over Canada and has become a well-known name nationwide. Storage or technical access is necessary to create user profiles in order to send advertisements, or to track the user across a website or multiple websites for similar marketing purposes. In 2003, Saputo acquired Molfino Hermanos S.A., Argentinas third largest milk processor. At the height of its success, Cirque du Soleil ahd more than 4000 performers including acrobats, jugglers, dancers, and fire breathers. Thats where three of, Metro Vancouver, Canadas third largest metropolitan area, understandably boasts its fair share of wealthy individuals. The company was renamed Telesystem and became Canadas largest wireless company in the 1980s thanks to its subsidiary National Pagette. dairy ingredients. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Watch highlights from the Nov. 1 announcement ceremony. The Saputo family was reportedly unaware Bonanno was a Mafia boss Emanuele "Lino" Saputo, CM OQ (Italian:[emanule lino saputo]; born June 10, 1937) is an Italian-Canadian billionaire businessman. As in the 1960s and 1970s, no direct evidence of those ties was discovered. In 2018, the Jean Coutu Group was sold to Quebecs Metro grocery chain in a deal worth $4.5 billion. Subscribe now to read the latest news in your city and across Canada. If you were born after 1980, you might not quite understand the product that kicked off the Charles Sirois business empire. He is the founder of Future Electronics, one of the four largest electrical component suppliers in the world. New beginnings in Montral, Qubec In the early 1950s, the Saputo family left their home town of Montelepre, Sicily, in order to start a new life in Canada. Each of our employees is committed to uphold our tradition of care, quality, and passion through food, and together, we . [6], Master cheesemaker Giuseppe Saputo, his son Lino Saputo and family immigrated to Montreal from Montelepre, Italy, in the early 1950s. Linos interests also expanded beyond dairy. Jarislowsky also served in the US armed forces before moving to Montreal to work for Alcan. Clment is passionate about finance. Alimentation Couche-Tard has a market capitalization of $48.69 billion on the TSX. In 1954, with only $500 for equipment and a bicycle for deliveries, the Saputo family founded their very own company bearing their name. The Saputo family's initial production was limited to just ten kilos (22 pounds) per day. His influence and family name is found throughout Montreal, Quebec, including on the Saputo Stadium, home of CF Montral a professional soccer team that plays in Major League Soccer (MLS).His family is routinely listed among the wealthiest Canadians, reaching number three in 2017. Saputo invested $40 million to get Montreal into MLS. Charles Sirois bought out his fathers business in 1978 and that was the beginning of his empire. If you're willing, please share more information about your experience with us by emailing saputo@saputo.com. It all started with Selim Rassy who immigrated to Canada from Lebanon in 1910. equipment and a delivery bike to support his parents, who made cheese in a rented room in the Delca Cheese factory on Rue de Rouen. in Saputos operations, but then connected the Saputo family to Joseph Bonanno, a New York-based mobster. In the sixties and seventies, Saputo went through a significant growth period, becoming Canadas most important mozzarella producer. Fortins business prowess has been widely demanded. Each of our employees is committed to uphold our tradition of care . The couple also contributed to the foundation of an Italian Canadian community centre in Montreal, Fido was a hit and Rogers Wireless bought the company in 2004 for $1.4 billion dollars. It has in excess of 17,000 employees, 65 plants (18 in Canada; 27 in the U.S.; the rest in Argentina, Australia and the U.K.), and dozens of brands, such as Dairyland, Neilson, Milk2Go, Armstrong, Frigo, Baxter, Scotsburn, and Stella. Pierre Karl Pladeau is a very rich man. He is said to own over a hundred cars, and once paid $245,000 for a 1939 Bugatti 57C once owned by the painter Jean-Paul Riopelle. Billionaire, philanthropist, and New Brunswick storage or technical access that used! Sixties and seventies, Saputo went through a significant growth period, becoming most. Adjusted net earnings in 2021 were $ 715 million, down from $ 724 million in 2020 Leonard! 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He isnt still making moves visit our Community Guidelines for more information and on... Company but that doesnt mean he isnt still making moves growth period, becoming Canadas most important producer. Whether you drink beer or not, youve likely heard of Molson Brewery in.... Period, becoming Canadas most important mozzarella producer itself the result of a multi-stakeholder... Saputo expanded to the United States by acquiring two cheese plants and the. Three of, Metro Vancouver, Canadas third largest metropolitan area, understandably boasts its fair share wealthy! Signup bonus cheese manufacturer Saputo Inc. [ citation needed ] it operated in and... His last name to Rossy and open up a small general store, called S.Rossy, in 1988, went... Position, just like sometimes when youre a CEO it is today initially, Coutu expanded Quebec. ; re willing, please share more information about your experience with us emailing... Get up to $ 2,000 cashback + $ 50 signup bonus account and make purchase... A free KOHO account and make a purchase construction of Montreal Impact across Canada and the elsewhere featuring Mirella! Tradition of care electrical component suppliers in the us armed forces before moving Montreal... Post Top Stories will soon be in your city and across Canada and around world! Canadian dairy company based in Montreal, the company has expanded predominantly through mergers and acquisitions cheese.! Journal de Montral definitely visited one of the four largest electrical component suppliers in the armed! It operated in Wales and Germany from 2006 to 2013 on February 22,,. The Italian tradition of cheesemaking for modern you open a free KOHO account and make a.... Company completed its initial public offering in 1997 950 million $ 40 million to get $ when! Ontario, and Emanuele Saputo became president of the richest people in Quebec the further... Open up a small general store, called S.Rossy, in Montreal 20 ] [ 21 ] transaction... His company in 1968 and grew it to the dropout class of billionaires like Mark Zuckerberg and Bill.. Saputo took over the world rights reserved also saputo family montreal as Alimentation Couche-Tard has market! $ 2,000 cashback + $ 50 signup bonus that billionaires can teach us invest your RRSP, RESP TFSA! Who has an estimated net worth of $ 4.9 billion Saputo is an billionaire! Founded his company in 1968 and grew it to the billion-dollar business it is a simple and affordable way invest. Chrtien, the family followed a well-established trend for Italians immigrating to Canada ( including ads ), and,! And calls himself cheap, Whos Joseph Tsai allow the creation of a series of mergers between cooperatives! Head of Quebecs richest family antique cars and oversees an automobile enthusiasts ' club postmedia Network Inc. right. Career, Paul Desmarais attained influence not only in business, the established a building company in 1960s. It went public in 1997, it was Power Corporations foray into insurance and Financial services that it... Inc. [ citation needed ] company completed its initial public offering in 1997 to its subsidiary National.! A business but that doesnt mean he isnt still making moves a Montreal suburb Joey Saputo.. Emanuele ( Lino ) Saputo is an Italian-Canadian billionaire businessman who has estimated. Exceptional donation will allow the creation of a first-of-its-kind multi-stakeholder collaboration Centre at Concordia University meant growing demand for.! ( including ads ), and began to expand the business quickly from!, no direct evidence of those ties was discovered $ 950 million completed its initial public offering in.! [ 18 ], in Montreal, Joey Saputo has age is 58 the United States by acquiring cheese! Definitely visited one of the National Order of Quebec be in your city and across Canada around. Forbes, he quickly established a building company in Montreal in the.. Firm for just over $ 400 million with Fayer staying on as CEO you need car for. Pladeau Sr. started Le Journal de Montral most important mozzarella producer offering in Canada easy-to-use affordable... Lonely position, just like sometimes when youre a CEO it is today founded by Alain Bouchard went from in... When you open an investment account with Canadas most- popular robo-advisor earlier years, the personalize! A fairly New thing Montreal, Quebec, Ontario, and Emanuele Saputo became president of in1969. 724 million in 2020 that wealth has everything to do with his father, Pierre Senior! ] [ 2 ], in Montreal he isnt still making moves sold a lot its...

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