He has sat on the boards of media giant Transcontinental as well as the National. By 1989, he sat on the board of directors for a shipping firm, Cabano Expeditex (now TransForce), and for the National Bank of Canada. Serge Godin started his information technology business out of the basement of his parents home in Montreal. [19] The company was valued at C$1.7billion (975million). [16], In September 2017, Saputo announced complete acquisition of the Extended Shelf-Life Dairy Product Activities of Southeast Milk, Inc. in the United States. According to Forbes, Pierre Karl Pladeau is worth $2 billion USD ($2.42 billion CAD). Fortins business prowess has been widely demanded. Sharon Azrieli has been recognized by the National Order of Quebec and also sits on the board of her fathers philanthropic organization, the Azrieli Foundation. In 1950, Linos father, Giuseppe Saputo, and eldest brother, Frank, immigrated to Canada from their Sicilian home. In 1985 Joey Saputo began working for the family business, Saputo Incorporated., a dairy processing company founded by his father Lino Saputo in 1954. Here are 5 Billionaires You Can Learn a Lesson From, The Richest Canadians Living in Europe: Their Net Worth and How They Made Their Money, The 12 Richest People in British Columbia: Their Net Worth and How They Made Their Money, Compare Canadian Cryptocurrency Exchanges, 3X points on qualifying dining and delivery purchases, 2X points on eligible travel purchases. This Lalibert sold his shares in the company but that doesnt mean he isnt still making moves. According to Forbes, Stephen Jarislowsky is worth $1.80 billion USD ($2.18 billion CAD). The family has also made significant donations to various organizations, such as $10 million to Concordia University. He went on to expand his media and printing empire in Quebec. Your feedback is valuable to us, and we'd like to learn more. He founded CGI in 1976 and was later joined by a co-founder. But since an abrupt drop in November 2016, when reports emerged that the company was issuing new shares at a below-market valuation, the company has struggled to rebound. 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.. Philip Fayer was studying at Concordia University when he founded a payment processing company in 2003, with the help of co-founder Lester Hernandes. The family also has a stake in Major League Soccer's Montreal Impact. 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 the 1990s, the company made several acquisitions to diversify its product offering and geographic reach. Saputo, 82, has a net worth estimated at $6.5 billion and is one of the richest people in Canada. In 2017, the company was sold to a private equity firm for just over $400 million with Fayer staying on as CEO. The couple also contributed to the foundation of an Italian Canadian community centre in Montreal, Shortly . [6], Master cheesemaker Giuseppe Saputo, his son Lino Saputo and family immigrated to Montreal from Montelepre, Italy, in the early 1950s. By 1957, the business expanded into a new factory in Montreals Saint-Michel neighbourhood. Among the top 10 dairy producers in the world, the $16-billion multinational Saputo sells its milk, cheese, yogurt and other goods under dozens of different brand names around the globe. in Saputos operations, but then connected the Saputo family to Joseph Bonanno, a New York-based mobster. Debts Repayment Calculator (Avalanche Method), 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. He opened his first pharmacy in Quebec in 1969 and, thanks to some clever tactics, that one pharmacy turned into a large network of pharmacies across Canada. Emanuele Lino Saputo, CM, OQ, businessman, dairy and cheese industrialist, philanthropist (born 10 June 1937 in Montelepre, Italy). The Internship Program will begin on May 15th and end August 11th, 2023. His son Lino Saputo Jr. was named "Canada's Outstanding CEO of the Year" for 2019 by the Financial Post. He is one of the lesser-known founders of Laval-based convenience store chain, When you look at the stories of some of the richest people in the world, you learn that it doesnt take a lot of money to start a billion-dollar business. Revenue: $10+ billion (USD) 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 dairy ingredients. Although Alain Bouchard opened the first Couche-Tard convenience store alone in 1980, he was joined shortly after by DAmours and two other founders. If you're willing, please share more information about your experience with us by emailing saputo@saputo.com. His son, Lino Jr., who has served as president and CEO since 2004, succeeded him as chairman. The company did not make either father or son available for an interview, saying Lino Sr. is enjoying his well-earned retirement, while Lino Jr. was too busy. Emanuele "Lino" Saputo, CM OQ (Italian:[emanule lino saputo]; born June 10, 1937) is an Italian-Canadian billionaire businessman. But in theearly 1990s, the company started buying out pharmacies in the United States. Fayer never ended up finishing up his degree at Concordia as his company, which is now known as Nuvei, started to see success pretty quickly. He has sat on the boards of media giant Transcontinental as well as the National Bank of Canada. Using $500 to buy some basic equipment and a bicycle for deliveries, the Saputo family founded a cheesemaking company bearing its name. 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. 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. Visit our Community Guidelines for more information and details on how to adjust your email settings. Saputo became chairman of the board and president of Saputo Inc. in 1969, and he was named chairman and chief executive officer (CEO) in 1997[2] when the company went public. However, by 1954, Open a new chequing account with the BMO NewStart Program and get $400 welcome bonus, no account fees for a year and other freebies. Going from entreprenneur to banker, Desmarais made acquisitions in different sectors such as pulp and paper and media. Joey Saputo was born on the 25th of September, 1964. + What Are the Main Benefits of Refinancing Your Mortgage? + Fixed vs Variable Rate Mortgages in Canada: What Are the Differences? [2], Saputo was named in the 2017 Paradise Papers because he held shares in an offshore company, an aviation company, in Bermuda which he had sold off in 2010. Meet the publicity-shy Chinese-Canadian soap tycoon, tap here to see other videos from our team, Unlimited online access to articles from across Canada with one account and fewer ads, Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on, Enjoy insights and behind-the-scenes analysis from our award-winning journalists, Support local journalists and the next generation of journalists, Daily puzzles including the New York Times Crossword, Access articles from across Canada with one account, Share your thoughts and join the conversation in the comments, Get email updates from your favourite authors. 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. 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. The Saputo family runs an international dairy products company and is headquartered in Montreal. Gene Krugers son, Joseph Kruger II, took his forefathers company vision a step further by expanding into a myriad of other ventures. SpaceX Rocket Launches Crew Of Four To International Space Station, Newcastle United Target FC Barcelona Raphinha Signing In $320 Million Spending Spree - Reports, Philippine Tycoon Edgar Saavedras Megawide To Build $300 Million Data Center In Digital Pivot. Combined, Saputo Inc.s brands generate north of $14 billion in annual revenue. Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. The crew of four comprises two NASA astronauts, a Russian cosmonaut and an astronaut from the UAE. By moving to Montreal, the family followed a well-established 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. Get up to $2,000 cashback + $50 signup bonus. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. The business tripled its size after it went public in 1997, dominating markets in Canada, the. At the height of its success, Cirque du Soleil ahd more than 4000 performers including acrobats, jugglers, dancers, and fire breathers. "I invite them to come and. Its never too late to rebuild burnt bridges, especially with a member of your family. transition whereby one of his sons, Lino Saputo Jr., assumed the position. Theyre behind that green and yellow sign you see everywhere in Canada. Todays Wordle #621 Hint, Clues And Answer For Thursday, March 2nd, AEW Dynamite Results: Winners And Grades On March 1, 2023, What Brands Need To Know: Social Marketing In 2023, Teslas Investor Day Is Long On Time, Short On Useful New Details, Biden Not Confident Supreme Court Will Uphold Student Debt Cancellation, Celta Vigo Star Gabri Veiga Is Alerting Wealthy Teams In The Premier League, A Psychologist Offers Advice On How To Repair A Family Rift, 2022 Billionaires: Cities With The Most Billionaires, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. AT SAPUTO, YOU WILL. 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. Together they expanded Couche-Tard from Montreal to across all of Quebec by acquiring many other chains. The Saputo family owns hundreds of antique cars and oversees an automobile enthusiasts' club. 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. Wealthsimple Invest is a simple and affordable way to invest your RRSP, RESP or TFSA. [22], Brands by Saputo include: Saputo, Alexis de Portneuf,[25] Armstrong,[26] Cathedral City,[27] Cheer,[28] Clover,[29] Cracker Barrel[30] (trademark used under licence), Dairyland,[31] DairyStar,[32] Devondale,[33] Friendship Dairies,[34] Frigo, Frigo Cheese Heads,[35] Frylight,[27] Joyya[36] La Paulina,[37] Milk2Go,[38] Montchevre,[39] Murray Goulburn Ingredients,[40] Neilson,[41] Nutrilait,[42] Salemville,[43] Scotsburn (trademark used under license[44]), Sheese,[45] South Cape,[46] Stella,[47] Sungold,[28] Tasmanian Heritage, Treasure Cave,[48] Woolwich Dairy[49][50] and Yorkshire Wensleydale[51]. 1.4M subscribers in the canada community. He belongs to the dropout class of billionaires like Mark Zuckerberg and Bill Gates. When you look at the stories of some of the richest people in the world, you learn that it doesnt take a lot of money to start a billion-dollar business. These people have gained wealth that most of us can, When Canadians strike it rich and head to Europe, its clear that the prime destination is Geneva, Switzerland. Invest with this $0 fee online broker pioneer! He is a big champion of the environment and has started a global initiative to reduce paper waste. Introduction Saputo Inc. is a North American dairy producer with a success story. According to Forbes, Philip Fayer is worth $1.70 billion USD ($2.06 billion CAD). Despite a dicey year punctuated with uncertainty around NAFTA renegotiations, the Saputo family business appears to be doing just fine. [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. Photo by Ryan Remiorz/The Canadian Press files. He has been the President of the Montreal Impact, home to such notable soccer stars as Maxim Tissot. According to Forbes, Bouchard is worth about $4.2 billion USD ($5.08 billion CAD). Biden said he believes his plan to forgive millions of borrowers student loans is on the right side of the law, a day after the courts conservative majority seemed highly skeptical of the Bidens Administrations argument for the debt relief program. If you were born after 1980, you might not quite understand the product that kicked off the Charles Sirois business empire. You may not be familiar with his name, but youve definitely visited one of Bouchards more than 15,000 convenience stores around the world. She also studied religion and played a role as cantor to a synagogue in Quebec. until reading about it in local newspapers. But the Montreal cheese magnate has also been dogged by allegations of. As of 2019. He later went on to become the full owner of Molson Brewery in Montreal. The company expanded into the energy sector in 2004 and two years later expanded into the wine and spirits sector. A peek into the mysterious, reluctant head of Canadas richest family, Return-to-office fight not over yet as workers say flexibility is a right, not a perk, Markus Frind will keep every penny of Vancouver-based PlentyOfFish's US$575 million sale, Quebec's Dutil family buys back steelmaker Canam Group from U.S. private equity firm, Saputo shares drop after short-seller attack sours investors' taste for dairy giant, Who's Pan Dong? Members of the Saputo family have just sold $7 million worth of shares in the Montreal trucking company TFI International. We are Canada's general-theme subreddit. Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. He is famous for being a Sports Executive. The Saputo Family. By the 1970s, the firm had purchased several large manufacturing facilities; it went global in the 80s with the purchase of two U.S. plants. Between the two of them, and with the help of a single phone, they started drumming up business for their company. + The Ultimate Guide to Life Insurance Medical Exams. Saputo products at a discounted price; We support employment equity. In 1990, he was promoted to president and chief operating officer of the Dairy Products Division for the United States. [20][21] The transaction was completed on April 15, 2019. According to Forbes, Robert Miller is worth $2.00 billion USD ($2.42 billion CAD). It was in 1968 that he took control of Power Corporation of Canada, a conglomerate he is still part of to this day. [11] The firm announced in 2012 it would buy Morningstar Food for US$1.45billion. The company expanded from that point until it went public in 1997. 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 1979, Mirella and Lino launched a charitable foundation, the Fondation Mirella On this Wikipedia the language links are at the top of the page across from the article title. Right alongside the influx of Italian immigrants and the rise of pizza popularity in the 1950's, Saputo was born. According to Canadian Business, Charles Sirois is worth $1.19 billion. products of the utmost quality, including cheese, fluid milk, He went on to work for the Provi-Soir convenience store chain. Amelia Saputo and Lino Saputo Jr. react . Giuseppe (a.k.a Joey) Saputo, businessman, sports executive, philanthropist (born 25 September 1964 in Montreal, QC ). Montreal CF did remarkably well to make it to the CONCACAF Champions League final in the 2014/2015 season, but Mexican team America proved to be a big catch for the Canadian outfit in the title game. Part of to this day transaction was completed on April 15, 2019 Montreal Impact, home to notable... 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