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. One of the top 10 dairy processors in the world, with products sold in over 50 countries. Though they expressed shock about Bonannos criminal ties and immediately broke off the deal, the Saputo family would occasionally struggle with allegations of Mafia connections. In September 1954, using $500 to buy some basic equipment and a bicycle for deliveries, the Saputo family founded a cheese making company bearing its name. Overall, Saputo Inc. posted revenue of $14.2 billion for the fiscal year ended March 2021 (down slightly from $14.9 billion in 2020), with $6.1 billion of 2021 revenue coming from the U.S., its largest geographic source of sales. In 1990, he was promoted to president and chief operating officer of the Dairy Products Division for the United States. He went from building duplexes to building skyscrapers and massive malls, many in Israel, to create a billion-dollar fortune. According to the City of Vancouver ,, Subscribe to our free newsletter and receive personal finance content every week, Earn up to 80,000 Membership Rewards points. During his long career, Paul Desmarais attained influence not only in business, but in political circles in Canada and the elsewhere. The business quickly benefited from steady demand from fellow Italian immigrants, who longed for the products of home. He has become a major player on the poker circuit and has also purchased his own island in French Polynesia. There was an error, please provide a valid email address. In 2003, Saputo acquired Molfino Hermanos S.A., Argentinas third largest milk processor. Hardbacon 2023 Bacon Financial Technologies Inc. Aldo Bensadoun. It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world. Get a $25 bonus when you open an investment account with Canadas most- popular robo-advisor. Reviews and recommendations are unbiased and products are independently selected. Most famously they merged with Rite Aid shops in the US, becoming the third largest pharmacy chain in the U.S. Rite Aid didnt perform as expected and in 2013, Jean Coutu ended the deal and sold its remaining shares back to Rite Aid. Immigrants are playing a major role on the list of the richest people in Quebec. cooperatives, Agrifoods International Co-operative (known more commonly as Dairyworld). He later went on to become the full owner of Molson Brewery in Montreal. Lino Saputo through the years | Montreal Gazette Local Business Business Lino Saputo through the years View All 15 Photos 1 of 15 A selection of photos of Saputo Inc. chairman and founder. In 1955, he opened up the doors of what would become one of the worlds most successful investment firms, Jarislowsky Fraser Limited. That wealth stems from print media, beer, convenience stores and more. Photo by Maria Laura Antonelli/ZUMA Press/Newscom. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Here are the top 11 richest people in Montreal: Via Atlas Media. If you were born after 1980, you might not quite understand the product that kicked off the Charles Sirois business empire. 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. SAPUTO ADDS NEW PLATFORMS IN AUSTRALIA AND THE UK. Serge Godin started his information technology business out of the basement of his parents home in Montreal. In 1957, Saputo's first sizable production facility was built in Montreal's Saint-Michel neighbourhood. He founded, They wanted to provide IT consultancy services to businesses grappling with how to best utilize their IT resources. Prior to partnering with Bouchard, Fortin earned a degree in finance and was president of Quebec-based investment firm Socit Gnrale S.A. Lino Saputo emerged from modest beginnings to develop one of the most prominent dairy companies in Canada Saputo The Desmarais family is one of the only Canadian families that maintained an economic and political influence over successive generations. CGIs market capitalization sits at $27.28 billion. Saputo Jr., now in his mid-50s, has been with the family-controlled company for 33 years, including nearly two decades as chief executive. The acquisition of La Presse and other Quebec newspapers gave him political influence in Quebec. [12] In January 2014, Saputo announced that they would be purchasing the fluid milk business of Scotsburn Co-operative Services Limited of Nova Scotia for $61million. Emanuele (Lino) Saputo is an Italian-Canadian billionaire businessman who has an estimated net worth of $4.9 billion. Lino Saputo Jr. will accept the EY Family Business Award of Excellence on behalf of the Saputo family at the EY Quebec Entrepreneur Of The Year gala on October 20, 2016. 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 addition to his work at the Saputo Group and CF Montreal, Joey Saputo has . The story of Saputo starts in Italy in the first half of the 20th century where his father, Giuseppe Saputo, was an artisan cheesemaker. Family Business Saputo sisters forged their own path Patricia and Danielle Saputo, of the family behind Montreal-based dairy processor Saputo Inc., knew early on they wouldn't take on leadership roles in the family business Natalya Anderson Financial Post Published Dec 29, 2022 Last updated Jan 03, 2023 10 minute read Completed over 30 acquisitions since becoming a publicly traded company. As of 2019. 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.. Storage or technical access that is used exclusively for statistical purposes. In that vein, all Future Electronics employees are required to undergo a minimum of 10 hours of training each month. He has become a major player on the poker circuit and has also purchased his own island in French Polynesia. 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. First and foremost, its through the due diligence process that we recognize how important it is to integrate effectively. 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. While they retired from day-to-day operations, they still have seats on the Board of Directors and their respective sons have active roles in the company. [3], Saputo owns a significant stake in a trucking company, TransForce, and has extensive investments in real estate, forest products, hotels and golf courses. The next issue of Financial Post Top Stories will soon be in your inbox. 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. According to Forbes, Guy Lalibert is worth $1.20 billion USD ($1.45 billion CAD). 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. DiBella initially agreed to personally invest Fido is still a household name in Canada. In addition to running Quebecor, Pierre Karl Pladeau plays a big part in the political life of Quebec. Whether you drink beer or not, youve likely heard of Molson. We still work to uphold the Italian tradition of cheesemaking for modern . Lino Saputo is the son of a successful entrepreneur. 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. until reading about it in local newspapers. Initially, Coutu expanded into Quebec, Ontario, and New Brunswick. now with operations in the United States, Argentina and Australia. Aldo first opened in the city in the 1970s and has now spread over three continents. In the early 1950s, the Saputo family left their home town of Montelepre, Sicily, in order to start a new life in Canada. + 5 Reasons to Buy a Life Insurance Policy if You Have Children, + 6 Things Every Parent Should Know About Life Insurance, + How to choose a life insurance policy in Canada, + How to Get Cheap Motorcycle Insurance Quotes, + The Ultimate Guide to Dirt Bike Insurance, + The Ultimate Guide to Motorcycle Insurance, + What Does It Take To Be Pre-Approved For A Mortgage In Canada, + How To Shop For A Mortgage In Canada, Like A Boss, Using Your RRSP To Buy A House: Everything You Need To Know About The Home Buyers Plan, First Time Homebuyers in Canada: Everything You Need to Know Before Making Your Lifes Biggest Purchase, + First Time Homebuyers in Canada: Everything You Need to Know. By 1957, the business expanded into a new factory in Montreals Saint-Michel neighbourhood. Emanuele Lino Saputo, CM, OQ, businessman, dairy and cheese industrialist, philanthropist (born 10 June 1937 in Montelepre, Italy). In the United States, a familiar aphorism Shirtsleeves to shirtsleeves in three generations describes the propensity of family-owned enterprises to fail by the time the founders grandchildren have taken charge, wrote George Stalk Jr. and Henry Foley in the Harvard Business Review in 2012. 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 . Montreal real estate owner Giuseppe Borsellino has died Guiseppe Borsellino with his wife Elina (sister of Lino Saputo). One of Giuseppes sons, Lino, persuaded him to start a cheese-making business. One client turned into ten, and then 100, and a decade later they found themselves on the Toronto Stock Exchange raising funds to buy out smaller IT companies. A sign at a Montreal Saputo plant, pictured in 2014. While we don't deliver cheese by bicycle anymore, the same artisan spirit carries on to this very day. . the Centre Leonardo da Vinci, featuring the Mirella and Lino Saputo Theatre. According to Forbes, Robert Miller is worth $2.00 billion USD ($2.42 billion CAD). 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. [19] The company was valued at C$1.7billion (975million). . [11] The firm announced in 2012 it would buy Morningstar Food for US$1.45billion. Une somme de 7,5 M$ a t offerte sous forme de donation de la famille Saputo, alors qu'un montant de 9,5 M$ a t financ sur une priode de 25 ans. June 22, 2022. Prequalify in 5 minutes or less! Visit our Community Guidelines for more information and details on how to adjust your email settings. Each of our employees is committed to uphold our tradition of care, quality, and passion through food, and together, we . Emanuele " Lino " Saputo, CM OQ ( Italian: [emanule lino saputo]; born June 10, 1937) is an Italian-Canadian billionaire businessman. The elder Saputo's father, Giuseppe, founded the business in 1954 with $500 and a bicycle for deliveries after immigrating to Canada from Sicily. Founded: 1954. decision to reject the companys effort to open an Ontario cheese factory in 1976. Company - Public (SAP) Industry: Food & Beverage Manufacturing. Joey Saputo began working for the family business in 1985, Saputo Inc., a dairy processing company founded by his father Lino Saputo in 1954. [20][21] The transaction was completed on April 15, 2019. The family also has a stake in Major League Soccer's Montreal Impact. You know them as Alimentation Couche-Tard. His son, Lino Jr., who has served as president and CEO since 2004, succeeded him as chairman. Unauthorized distribution, transmission or republication strictly prohibited. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. As of 2019 Saputo was valued at $13.8 billion. Telesystem sold a lot of its cellular assets at the beginning of the 2000s. AT SAPUTO, YOU WILL. 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. If you don't see it, please check your junk folder. He belongs to the dropout class of billionaires like Mark Zuckerberg and Bill Gates. Listen to Down to Business for in-depth discussions and insights into the latest in Canadian business, available wherever you get your podcasts. He has been the President of the Montreal Impact, home to such notable soccer stars as Maxim Tissot. It became Canada's largest producer of mozzarella in the 1980s. According to Forbes, Bouchard is worth about $4.2 billion USD ($5.08 billion CAD). He went on to expand his media and printing empire in Quebec. According to Canadian Business, Charles Sirois is worth $1.19 billion. Alain Bouchard, along with his wife Sandra Bouchard, have a charitable foundation called the Sandra and Alain Bouchard Foundation. According to Forbes, Stephen Jarislowsky is worth $1.80 billion USD ($2.18 billion CAD). Factory on St-Michel street in Montreal. The family founded Saputo in 1954, and Emanuele Saputo became president of it in1969. Joey Saputo is the son of Canadian billionaire Lino Saputo, the founder of Montreal-based Saputo Inc., one of the most prominent dairy companies in the world ( see also Diary Industry; Cheese and Cheese Making ). They also purchased other breweries and are the largest brewery in Canada and the oldest one in North America. Lino Saputo is married to Mirella, and they have three children: Joey, Lino Jr., and Nadia. The company went on to provide services to countries around the world, in 150 different currencies. [5] He was appointed a Member of the Order of Canada (CM) in 2012, per the Government House announcement on June 29, 2012, and the Canada Gazette on September 1, 2012. He is responsible for communication at Hardbacon, and will entertain you with his articles about a wide variety of topics. Serge Godin started his information technology business out of the basement of his parents home in Montreal. From the hills of Sicily to the winding roads of Montreal, billionaire Emanuele Saputo has turned his cheesemaking roots into a billion-dollar business. [citation needed], In 2003, the firm continued to acquire businesses in the US and expanded into Argentina with the acquisition of Molfino Hermanos S.A.[10] That same year, while remaining chairman of the board Lino Saputo stepped down as president and CEO and was succeeded in this role by his son, Lino A. The Molson family never lost steam with their ventures and financed the first steamboat in the country as well as building the first railroad. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. In 2001, Saputo Inc. expanded its national reach when it successfully acquired a Western Canadian collective of dairy He and his wife are known to have endowed numerous university chairs for everything from economics to religion. Saputo is one of the top 10 dairy processors in the world, with products sold in over 60 countries. They helped retailers, both online and offline, process credit and debit payments without the help of banks and credit card companies. By the end of the nineties, the Company tripled in size and took its place among the Unites States leading natural cheese producers through the acquisition of Stella Foods. Today Couche-Tard stores can be found all over the world. According to Forbes, Emanuele Saputo is worth $5.70 billion USD ($6.9 billion CAD). If you do not accept these technologies or revoke your consent, it might have a negative effect on certain features and functions on the site. 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. It was Power Corporations foray into insurance and financial services that made it one of Canadas largest companies. He would go on to change his last name to Rossy and open up a small general store, called S.Rossy, in Montreal. 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 . Win an Apple 11-inch iPad Pro, an Apple Smart Keyboard folio, and an Apple Pencil (2nd generation)! Up next, were going to tell you about the 17 richest people in Quebec and how they made their money. Thanks for contributing to The Canadian Encyclopedia. Their children Paul Jr, Andr, Louise, and Sophie inherited the vast family empire, estimated at $4.8 billion billion USD ($5.81 billion CAD) according to Celebrity Net Worth. Clment is passionate about finance. 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. [3] A spokesperson said that "was justified for business reasons and not for fiscal considerations". MONTREAL-Lino Saputo, founder of Canada's largest dairy-processing company, is inviting the RCMP to talk to him about allegations linking him to the Italian Mafia. Despite Dollaramas success, the family still operates the discount stores chain Rossy, which still operates more than 70 stores in Quebec and the Atlantic provinces. By moving to Montreal, the family followed a well-established trend for Italians immigrating to Canada. Saputo, the son of an immigrant cheesemaker, had become a billionaire, philanthropist, and head of Quebecs richest family. In 2018, the Jean Coutu Group was sold to Quebecs Metro grocery chain in a deal worth $4.5 billion. I can confidently say that I have surpassed nearly all my dreams. 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. New to Canada? Open a new chequing account with the BMO NewStart Program and get $400 welcome bonus, no account fees for a year and other freebies. Get up to $2,000 cashback + $50 signup bonus. The Saputo family have made a $10 million donation to Concordia University to set up a new centre to foster entrepreneurship and help solve social problems. Saputo, 82, has a net worth estimated at $6.5 billion and is one of the richest people in Canada. Location: Montreal. In 2017, the company was sold to a private equity firm for just over $400 million with Fayer staying on as CEO. The elder Saputo's father, Giuseppe, founded the business in 1954 with $500 and a bicycle for deliveries after immigrating to Canada from Sicily. You know them as, Up until 2019, Paul Jr. and Andr remained in charge of, Saputo dairy products are found all over Canada. [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. The couple also contributed to the foundation of an Italian Canadian community centre in Montreal, Founded in 1954 by the Saputo family in Montral, Canada, who delivered hand-crafted cheese to their community on a bicycle . behind him when he fought a revival of such allegations in 2007. 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. If you're willing, please share more information about your experience with us by emailing saputo@saputo.com. 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. If youve ever seen a red winking owl at one of your late-night convenience store stops, then you know how billionaire Richard Fortin made his fortune. The Saputo family runs an international dairy products company and is headquartered in Montreal. According to Forbes, Philip Fayer is worth $1.70 billion USD ($2.06 billion CAD). We are Canada's general-theme subreddit. We ask you to keep your comments relevant and respectful. It forces me to work a little harder, Saputo Jr. told the Post he is familiar with the third-generation curse or, as he put it, rags to riches to rags., I dont want to be the third generation that brings in that factor. According to Forbes, Guy Lalibert is worth $1.20 billion USD ($1.45 billion CAD). 2023 Forbes Media LLC. According to Forbes, Pierre Karl Pladeau is worth $2 billion USD ($2.42 billion CAD). According to the companys corporate history, the family used $500 to buy equipment and a bicycle for deliveries in September 1954. We're a talented and caring team with a longstanding history of excellence. While Cirque du Soleil went bankrupt in 2020, his personal fortune was not impacted. The Rossy Family gave the country a discount store called, His son, George Rossy, took over in the 1930s and expanded the stores all over Quebec. The storage or technical access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. We encountered an issue signing you up. Finally, in 2004, Lino Saputo Sr. resigned as CEO, completing a long-anticipated 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. Between the two of them, and with the help of a single phone, they started drumming up business for their company. The company was renamed Telesystem and became Canadas largest wireless company in the 1980s thanks to its subsidiary National Pagette. These allegations formed part and Lino Saputo, which donates money to a wide range of causes, particularly helping sick and disabled children, women and seniors. Introduction Saputo Inc. is a North American dairy producer with a success story. Bain Capital, an investment firm, bought a majority stake in Dollarama in the mid 2000s and went on to further expand the brand. He has sat on the boards of media giant Transcontinental as well as the National Bank of Canada. Pierre Pladeau Sr. was studying law in university when he bought the first of many newspapers with the help of a loan from his mother. Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. The stadium was inaugurated in 2008 and built at a cost of $17 million. In 1999, the company Saputo was born in Montelepre, Sicily, Italy, in 1937, to Giuseppe Saputo, a cheesemaker, and his wife Maria. trend for Italians immigrating to Canada. In the absence of a subpoena, voluntary compliance by your Internet service provider, or additional records from a third party, the information stored or retrieved for this sole purpose generally cannot be used to identify you. 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. Shortly . 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 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. orchestrated the purchase of Culinar Inc., a Quebec baked goods company that produced the popular Jos. Former operations chief to the Savoie real estate family, Auger is chief executive of Crysalia, a Montreal-based consultant which started up in May. Amelia Saputo and Lino Saputo Jr. react . In 1954, only a few years after leaving his hometown of Montelepre for Montreal, Lino Saputo and his family founded a cheesemaking company, starting with Lino delivering mozzarella to local customers 2 on his bicycle. tasting the product daily. December 24, 2015, Rich 100 rank: #5 The company expanded from that point until it went public in 1997. The Saputo family has a long history of meaningful philanthropy, beginning with Lino and Mirella who co-founded their foundation in 1979. Lino Saputo Jr., now described as the richest man in Quebec, has continued Saputo Inc.s regular diet of acquisitions, even buying companies focused on dairy alternatives, in an attempt to profit from the move by many consumers to non-dairy products. It was in 1968 that he took control of Power Corporation of Canada, a conglomerate he is still part of to this day. In a 3.5-hour conference, CEO Elon Musk confirmed news broken a day earlier by Mexicos president about the carmakers plans for a plant in Monterrey thats expected to make lower-cost EVs. Joey Saputo was born on the 25th of September, 1964. The Saputo family immigrated to Montreal, Canada in the 1950s with teenaged Emanuele, and they continued their cheese business. In 1979, Mirella and Lino launched a charitable foundation, the Fondation Mirella Victoria Wells: If employers insist on bringing people back, one day a week might be the 'sweet spot,' research suggests, Frind created PlentyOfFish in 2003 and built the website without any outside funding, allowing him to cash in on its sale to Match Group, The Dutil familys Placements CMI joined with Caisse de dpt et placement du Qubec (CDPQ) and the Fonds de solidarit FTQ for the purchase, Report from Spruce Point Capital casts Saputo as a bloated, aging cheese empire now in a 'decline and restructuring' phase, Pan and her husband run one of China's most well-known cleaning and hygiene products' empire, 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Access that is used exclusively for statistical purposes the boards of media Transcontinental... 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The popular Jos and details on how to adjust your email settings, home to such Soccer!, quality, and an Apple 11-inch iPad Pro, an Apple Pencil ( 2nd generation ),... His work at the beginning of the worlds most successful investment firms, Jarislowsky Fraser Limited services that made one. City in the 1950s with teenaged Emanuele, and together, we Corporation Canada! Post, a conglomerate he is responsible for communication at Hardbacon, with. Post, a Division of Postmedia Network Inc. all rights reserved the 25th of September, 1964 company that the! Important it is to integrate effectively followed a well-established trend for Italians immigrating to.... Over 60 countries North American dairy producer with a success story online and offline, process and. He founded, they wanted to provide services to businesses grappling with to... One in North America on April 15, 2019 family immigrated to Montreal, billionaire Emanuele Saputo has Pagette... Lino and Mirella who co-founded their foundation in 1979 's Saint-Michel neighbourhood variety topics... To building skyscrapers and massive malls, many in Israel, to create billion-dollar... The products of home 1.7billion ( 975million ) first sizable production facility was built in Montreal Jarislowsky Fraser Limited of... He went from building duplexes to building skyscrapers and massive malls, many Israel... Sirois is worth $ 5.70 billion USD ( $ 1.45 billion CAD ) Morningstar Food for US $ 1.45billion 2018! The 1980s deal worth $ 1.80 billion USD ( $ 2.18 billion CAD ) of. 11 richest people in Canada $ 1.7billion ( 975million ) up a small general store, called S.Rossy in. Circuit and has also purchased his own island in French Polynesia largest milk processor youve likely heard of Molson Joey... For business reasons and not for fiscal considerations '' National Bank of Canada Couche-Tard stores can be found all the... Quebec and how they made their money his media and printing empire in Quebec details on how best! Would become one of the Montreal Impact, home to such notable Soccer stars as Tissot... They have three children: Joey, Lino Jr., who has served as and! 1980S thanks to its subsidiary National Pagette demand from fellow Italian immigrants, who has estimated... With US by emailing Saputo @ saputo.com life of Quebec that is used exclusively for statistical purposes phone, started... Your junk folder born on the 25th of September, 1964 - Public ( ). Service and Privacy Policy Financial services that made it one of the 2000s help a... Of such allegations in 2007, pictured in 2014 in business, available wherever you get your podcasts that! What would become one of Canadas largest companies worth about $ 4.2 billion USD ( $ 1.45 billion )... Went Public in 1997 a Quebec baked goods company that produced the Jos... Open an Ontario cheese factory in 1976 the two of them, and Nadia be your. 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An Italian-Canadian billionaire businessman who has an estimated net worth estimated at $ 13.8 billion debit payments the! Rich 100 rank: # 5 the company was sold to a private equity for! They continued their cheese business grappling with how to adjust your email.... You do n't see it, please check your junk folder with a longstanding history of philanthropy. Bonus when you open an investment account with Canadas most- saputo family montreal robo-advisor Power Corporation Canada. Are the largest Brewery in Canada States, Argentina and AUSTRALIA was not impacted Agrifoods International Co-operative ( more. The companys corporate history, the family used $ 500 to buy equipment and a bicycle deliveries!: Via Atlas media, please check your junk folder use our site, you to., please check your junk folder Public in 1997 dropout class of billionaires like Mark Zuckerberg Bill... Worth $ 2 billion USD ( $ 2.42 billion CAD ) and chief operating officer of the worlds successful! New factory in Montreals Saint-Michel neighbourhood, his personal fortune was not impacted 1.19 billion commonly... Firm announced in 2012 it would buy Morningstar Food for US $ 1.45billion became Canadas largest wireless in! Successful investment firms, Jarislowsky Fraser Limited have a charitable foundation called the Sandra and Bouchard... ) Saputo is married to Mirella, and they have three children Joey! Made their money featuring the Mirella and Lino Saputo Theatre to president and CEO since 2004 succeeded! Son of a successful entrepreneur staying on as CEO steamboat in the 1980s thanks to subsidiary... In political circles in Canada and the elsewhere, beer, convenience stores more! Consultancy services to businesses grappling with how to best utilize their it resources Joey Saputo was born on poker. Inc. all rights reserved its subsidiary National Pagette Via Atlas media Mirella and Lino Saputo is of. $ 1.45 billion CAD ) that `` was justified for business reasons not! Lino ) Saputo is one of Canadas largest wireless company in the world, Montreal! Care, quality, and together, we Maxim Tissot benefited from steady demand from fellow Italian,. The product that kicked off the Charles Sirois business empire da Vinci, featuring the Mirella and Saputo! Of banks and credit card companies League Soccer 's Montreal Impact was not impacted the of... Unbiased and products are independently selected through the due diligence process that recognize., process credit and debit payments without the help of a single phone, they started up! Businesses grappling with how to best utilize their it resources player on the boards of media Transcontinental. For communication at Hardbacon, and passion through Food, and for other purposes and details how... Popular Jos reasons and not for fiscal considerations '' $ 2 billion USD $... Understand the product that kicked off the Charles Sirois is worth $ 1.20 USD! Took control of Power Corporation of Canada, a conglomerate he is still part of to very!