Emanuele Saputo turned his cheesemaking roots into a billion-dollar business. His agrobusiness is why he is one of the richest Canadians. The Saputo family immigrated to Montreal, Canada in the 1950s with teenaged Emanuele, and set up their cheese business. Emanuele Saputo became its president in1969. The company expanded from that point until it went public in 1997 (SAP:TSE). (Emanuele (Lino) Saputo Net Worth and Biography) The company now has interests in restaurants, golf clubs as well as the Saputo Stadium which hosts the Montreal soccer team. According to Forbes, Emanuele Saputo is worth $6.04 billion CAN ($4.8 billion US).
Emanuele Lino Saputo is the chairman of his family’s global business of dairy, Saputo Inc., raking $7.4 billion every year, and peddling cheese, along with other milk products across 40 countries worldwide. Valued at USD 3.9 billion, Lino knows how to expand enterprises. Consumption of pizza boomed in the 1980s-90s, and this was the time when Lino got a chance to build his fortune. It was in 1980s that Lino acquired dairies in Canada and US, and became the cheese king of Canada. He inherited his business from his father, and since then has strived to take it to great heights.
Personal Life
Giuseppe, Saputo’s father, emigrated from Sicily to Canada, and founded Saputo Inc. in the year 1954. Lino chaired his father’s company in 1969, became its President and Chairman of Board, and grew it worldwide through new acquisitions and innovations. In 1998, the company went public, and Lino became its CEO and Chairman of Board. Later, Lino’s son, Lino Jr., took over his family business in 2004, and became the company’s CEO and president. Lino still continues to act as the chairman of the company. Media covered Saputo Inc. in 2014 for cruelty towards animals. But the company cut ties with its supplier, and ensured welfare of animals at the farms.
Emanuele (Lino) Saputo Net Worth and Biography Emanuele Saputo in hindi Lino Saputo in hindi Emanuele Saputo in hindi Lino Saputo in hindiÂ
