Name
Luigi Cremonini
Primary Residence
Modena, Italy
Citizenship
Italy
Source Of Wealth
meat processing, Self Made
Net Worth
$1,500,000,000
Forbes Profile
Forbes 2019 Billionaires List Rank:
1511
Forbes List Rank One: Title
#1511 Billionaires 2019
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Summary
Luigi Cremonini supplies hamburger meat to McDonald's and Burger King in Italy and other countries through his privately-held Inalca SpA.Born to poor farmers in an Italian village near Modena, Cremonini got his start by opening a small butcher shop in 1963.Beginning in the late 1970s he diversified into cured meats, distribution and catering and within a decade expanded the business internationally.Its catering arm Chef Express sells food on trains in Europe, Turkey and Russia; and has recently entered the hospitality sector.Today Cremonini Group employs more than 16,000 workers all over the globe and generates some $4.5 billion revenues a year.
Did you know?
In 1994 the University of Bologna awarded Cremonini an honorary degree in Veterinary Medicine.An art lover, Cremonini has a vast collection of paintings and contributed to the restoration of an archaeological area near the Trevi fountain in Rome.
Age
80
Categories
Number of Children
4
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