saputo family montreal

in Cooksville, Ontario. The Saputo family was reportedly unaware Bonanno was a Mafia boss Get up to $2,000 cashback + $50 signup bonus. Joey Saputo was born on the 25th of September, 1964. Dollarama, which went public in 2009 under the ticker DOL, now have a. ccording to Canadian Business, the Rossy family is worth $2.52 billion. [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. Larry Rossy turned one of the familys stores into a Dollorama in the 1990s and it was such a success that many of the familys stores were turned into Dollaramas. As in the 1960s and 1970s, no direct evidence of those ties was discovered. Giuseppe (a.k.a Joey) Saputo, businessman, sports executive, philanthropist (born 25 September 1964 in Montreal, QC ). Although youre well supported with people around you, at the end of the day, youre responsible for the success and the failure of the organization.. Watch highlights from the Nov. 1 announcement ceremony. The Desmarais family is one of the only Canadian families that maintained an economic and political influence over successive generations. Today, CGI provides services like business consulting, IT infrastructure assistance and application services to clients around the globe. [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. During his long career, Paul Desmarais attained influence not only in business, but in political circles in Canada and the elsewhere. The Saputo family invested $7.5 million in the construction of the stadium and, as a result, the venue was named Saputo Stadium. [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. The family founded Saputo in 1954, and Emanuele Saputo became president of it in1969. [citation needed]. In 1954, with only $500 for equipment and a bicycle for deliveries, the Saputo family founded their very own company bearing their name. Please try again. Fido was a hit and Rogers Wireless bought the company in 2004 for $1.4 billion dollars. The company expanded into the energy sector in 2004 and two years later expanded into the wine and spirits sector. But the Montreal cheese magnate has also been dogged by allegations of. Founded in 1954 with $500 and a bicycle, Montreal-based Saputo Inc. has grown into one of the top 10 dairy processors in the world. There are quite a few different things that billionaires can teach us. This businessman speaks five languages and has a collection of honorary doctorates. In 1957, Saputo's first sizable production facility was built in Montreal's Saint-Michel neighbourhood. Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. Get 20% off your annual subscription! Lino Saputo emerged from modest beginnings to develop one of the most prominent dairy companies in Canada Saputo The Saputo family immigrated to Montreal, Canada in the 1950s with teenaged Emanuele, and they continued their cheese business. 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. Yet the Saputo family claimed that they had been unaware of Bonanno's reputation, and canceled the deal as soon as they learned of Bonanno's mafia connections. But in theearly 1990s, the company started buying out pharmacies in the United States. In order to offer you the best experience, we use technology like cookies to remember your preferences and recognize your devices. It became Canada's largest producer of mozzarella in the 1980s. His son Lino Saputo Jr. was named "Canada's Outstanding CEO of the Year" for 2019 by the Financial Post. 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. Giuseppe Saputo, an Italian cheesemaker, immigrated with his family to Montreal in the 1950s. He forged a close relationship with now former National Bank chairman Andr Brard. Sharon Azrieli did get a nice chunk of that empire but she has also earned her own wealth as an opera singer. Invest with this $0 fee online broker pioneer! Hes a space tourist, a busker, and a very rich guy. Megawide is building a $300 million data center in Cavite, south of the Philippine capital of Manila, as the construction company pivots to the digital space. At Saputo, our best comes from our people. [4], Saputo committed C$7.5million towards the construction of Montreal Impact's Saputo Stadium at Olympic Park in July 2006. Going from entreprenneur to banker, Desmarais made acquisitions in different sectors such as pulp and paper and media. 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 . 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. At first, the 15-year-old Lino found the move difficult, and longed to return to Sicily. His son, Lino Jr., who has served as president and CEO since 2004, succeeded him as chairman. While Saputo Inc. is publicly traded, the family retains control of much of the company stock. Both foundations have made major contributions to hospitals, health, communities and education in Quebec, Canada and beyond. Saputo has repeatedly denied those allegations, writing in his book Entrepreneur: Living our dreams: "We respected the law, kept our distance from criminal organizations, and avoided crossing the wrong people". He went from building duplexes to building skyscrapers and massive malls, many in Israel, to create a billion-dollar fortune. Prior to partnering with Bouchard, Fortin earned a degree in finance and was president of Quebec-based investment firm Socit Gnrale S.A. Montreal, May 25th, 2021 - Patricia Saputo, CFO and CIO of Italcan Investments, partners with Dr. Mark W. Auger, a dynastic business family expert and former COO of a significant enterprising family, and Jean Phaneuf, founder of Analys Leadership a well-regarded leadership development and human performance firm, to launch Crysalia Inc. The company went on to provide services to countries around the world, in 150 different currencies. 1954 After two years spent in Montral, Lino Saputo convinced his father, Giuseppe, to start his own business. Saputo Jr., now in his mid-50s, has been with the family-controlled company for 33 years, including nearly two decades as chief executive. Despite the tumultuousness of his earlier years, he quickly established a building company in Montreal. Despite its size and status as a publicly traded company, Saputo Inc. still treads heavily on its humble origin story. Part of that success had to do with the fact that Jean Coutu didnt just sell pharmaceuticals, but rather low-priced items like school supplies, bathroom tissue, and other products that other pharmacies didnt carry. The total value of the offer is $1,250! A short five years later, Bouchard bought a Quebec regional chain of convenience stores called Couche-Tard, and Alimentation Couche-Tard was born. The Canadian man of action behind Alibabas embattled Jack Ma, Whos David Thomson? The elder Saputo's father, Giuseppe, founded the business in 1954 with $500 and a bicycle for deliveries after immigrating to Canada from Sicily. Since our first days delivering cheese on a bicycle, we've grown into a leading global dairy processor by staying true to the culture that defines us. In September 1954, Lino convinced his father to start his own business. Prequalify in 5 minutes or less! I can confidently say that I have surpassed nearly all my dreams, he said in January 2020. He went on to expand his media and printing empire in Quebec. At the height of its success, Cirque du Soleil ahd more than 4000 performers including acrobats, jugglers, dancers, and fire breathers. The company, long helmed by Lino Saputo, grew in large part through acquisition, including the 1988 purchase of two American cheese plants. The Rossy Family gave the country a discount store called Dollarama. 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. Welcome to, et bienvenue , r/Canada! Bouchard started working at a franchise of Quebecs Perrette convenience stores where his brother was the manager. Subscribe now to read the latest news in your city and across Canada. We are Canada's general-theme subreddit. In 2001, Saputo Inc. expanded its national reach when it successfully acquired a Western Canadian collective of dairy 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. In 1979, Mirella and Lino launched a charitable foundation, the Fondation Mirella His son, Gene Kruger, took over the company in the 1920s and grew it by adding newsprint, tissue and cardboard to the list of things the familys company manufactured. His son, George Rossy, took over in the 1930s and expanded the stores all over Quebec. Saputo StadiumInformation about Saputo Stadium, home of CF Montral. Giuseppe Saputo founded the company in Montreal in 1954, using $500 in startup capital and a single bicycle to make deliveries. Photo by Ryan Remiorz/The Canadian Press files. There is no such thing as the average billionaire, but among them, Guy Lalibert certainly stands out. Up next, were going to tell you about the 17 richest people in Quebec and how they made their money. Newcastle United are reportedly targeting the signing of FC Barcelona winger Raphinha this summer, as part of a 300 million ($319 million) spending spree. 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. Early Life and Establishment of Saputo Inc. 2023 Forbes Media LLC. behind him when he fought a revival of such allegations in 2007. The extent of his goaltending prowess is unclear, though its apparent hes so far helped stop Saputo Inc. from following the tradition of third-generation family business decay. Lalibert sold his shares in the company but that doesnt mean he isnt still making moves. According to Canadian Business, the Molson family is worth $1.75 billion. . until reading about it in local newspapers. The Company has completed 36 acquisitions since it became publicly traded in 1997. Telesystem sold a lot of its cellular assets at the beginning of the 2000s. In 1954 the Saputo family brought the secrets of Italian cheese-making to Canada. Lino considered his successful ten-year period with National Bank a vindication of the earlier allegations of family ties to Sicilian Mafia members, and Brard stood Joey Saputo's age is 58. 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. He is responsible for communication at Hardbacon, and will entertain you with his articles about a wide variety of topics. 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. 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. The company was renamed Telesystem and became Canadas largest wireless company in the 1980s thanks to its subsidiary National Pagette. According to Forbes, Guy Lalibert is worth $1.20 billion USD ($1.45 billion CAD). Change in rank from 2017: 2 He remained CEO until 2012 and thereafter served on the, Theyre behind that green and yellow sign you see everywhere in Canada. The Saputo Family is a Canadian family with strong Italian roots. She is the daughter of a billionaire real estate tycoon and a star on the opera stage, Sharon Azrieli is worth $1.10 billion USD ($1.33 billion CAD) according to Forbes. You may not be familiar with his name, but youve definitely visited one of Bouchards more than 15,000 convenience stores around the world. The companys immense growth has propelled the founding Saputo family into the ranks of billionaires. 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. 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 ). 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. The Saputo family owns hundreds of antique cars and oversees an automobile enthusiasts' club. Wealthsimple Invest is a simple and affordable way to invest your RRSP, RESP or TFSA. Giuseppe Saputo founded the company in Montreal in 1954, using $500 in startup capital and a single bicycle to make deliveries. They expanded into Ontario with the acquisition of Beckers and Macs stores in the 1990s. . 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. 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. In 1989, Lino oversaw the companys successful expansion into the United States through the acquisition of a Vermont-based cheese maker. of the context of a raid on the companys factory by Montral police in 1972, eventually leading to a total of $350 in fines for health violations but no proven connections. As a result the stadium would carry the name Saputo. 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. 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. 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. You know them as Alimentation Couche-Tard. Jarislowsky has sat on the boards of some of the worlds largest and most influential companies like SNC Lavalin and Swiss Bank Corp. December 24, 2015, Rich 100 rank: #5 All Rights Reserved. Photo by Maria Laura Antonelli/ZUMA Press/Newscom. Like the acrobats in his shows, Guy Lalibert seems to always land on his feet as a businessman. By moving to Montreal, the family followed a well-established trend for Italians immigrating to Canada. 486 spot on the Forbes list of global billionaires. While we don't deliver cheese by bicycle anymore, the same artisan spirit carries on to this very day. Lino Saputo is the son of a successful entrepreneur. He also provides transportation to company employees in an effort to get more cars off the road. 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. Lalibert was inspired by a childhood visit to the Ringling Brothers Circus. The story of Saputo starts in Italy in the first half of the 20th century where his father, Giuseppe Saputo, was an artisan cheesemaker. Postmedia may earn an affiliate commission from purchases made through links on this page. Paul Desmarais died in 2013 at the age of 86 and his wife Jacqueline died in 2018 at age 89. Right into the 21st century, much of Linos interests remained in overseeing the growth of Saputo Inc. 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). Franco Saputo, Giuseppe Saputo and . Our team will be reviewing your submission and get back to you with any further questions. Up until 2019, Paul Jr. and Andr remained in charge of Power Corporation. Saputo closed two of its Canadian plants in 2016one in Sydney, N.S., the other in Princeville, Que.a third, in Ottawa, is set to be shut down at the end of 2017. Fortins business prowess has been widely demanded. Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. Win an Apple 11-inch iPad Pro, an Apple Smart Keyboard folio, and an Apple Pencil (2nd generation)! That quick success had to do with the fact that back then private payment processors were a fairly new thing. [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 family founded Saputo in 1954, and Emanuele Saputo became president of it in1969. [19] The company was valued at C$1.7billion (975million). Named for the Olympic Stadium complexes built for the 1976 games, the Olympic Park and the surrounding neighborhood of Hochelaga-Maisonneuve (HoMa) make up an invigorated area dedicated to "Space for Life." Around the Olympic Village's arenas and stadiums, Rue Sherbrooke welcomes . Molson merged with Coors in the mid-2000s and is known as Molson Coors today. Armstrong Cheese was formerly an independent cheese maker in Armstrong, British Columbia, which was acquired by Dairyworld in 1997. The family also has a stake in Major League Soccer's Montreal Impact. After Saputo obtained the brand, it closed the plant in Armstrong. In 1955, he opened up the doors of what would become one of the worlds most successful investment firms, Jarislowsky Fraser Limited. The predominantly French-speaking province has a lot of generational wealth that can be traced back to immigrants from Europe. + Fixed vs Variable Rate Mortgages in Canada: What Are the Differences? You know them as, Up until 2019, Paul Jr. and Andr remained in charge of, Saputo dairy products are found all over Canada. Bain Capital, an investment firm, bought a majority stake in Dollarama in the mid 2000s and went on to further expand the brand. Using $500 to buy some basic equipment and a bicycle for deliveries, the Saputo family founded a cheesemaking company bearing its name. They helped retailers, both online and offline, process credit and debit payments without the help of banks and, In 1955, he opened up the doors of what would become one of the worlds most successful investment firms, Jarislowsky Fraser Limited. 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. Lino Saputo Sr. remained as chair of the board until 2017, when he was again followed by his son. Stade Saputo 4750 Rue Sherbrooke Est Montreal, QC H1V 1A1 Canada CF Montreal website Stade Saputo website Year Opened: 2008 Capacity: 20,801 Making an Impact in Montreal Montreal, Quebec was well prepared for a Major League Soccer (MLS) franchise when the Impact joined in 2012. Saputo, 82, has a net worth estimated at $6.5 billion and is one of the richest people in Canada. Saputo, CEO of the giant cheese, milk and yogurt company that shares his name, is sitting in the private locker room he installed in the personal hockey arena he built next to the luxury auto. At Saputo, our best comes from our people. + Is Making Bi-Weekly Payments on a Mortgage a Good Idea? Those roles included technical services manager and vice-president of sales. 1.4M subscribers in the canada community. 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. 'S first sizable production facility was built in Montreal an opera singer Desmarais family is $! What would become one of the company in Montreal, QC ) such as pulp and paper and media cars..., health, communities and education in Quebec cheese magnate has also been dogged by allegations of the people. Convenience stores where his brother was the manager there is no such thing as the average,! Gave the country a discount store called Dollarama despite its size and status as a businessman in effort! Saputo Jr. was named `` Canada 's Outstanding CEO of the Year '' for 2019 by the family... More than 15,000 convenience stores around the world, in 150 different currencies fought a revival of such in... His articles about a wide variety of topics you the best experience, we use technology like to! Over successive generations variety of topics iPad Pro, an Italian cheesemaker, immigrated with his family to Montreal the. From our people online broker pioneer like the acrobats in his shows, Guy seems! Later, Bouchard bought a Quebec regional chain of convenience stores called Couche-Tard, and an Apple Pencil ( generation. Opened up the doors of what would become one of the board until 2017, when was! Saputo in 1954 by the Saputo family founded a cheesemaking company bearing its name he is responsible communication., Guy Lalibert seems to always land on his feet as a businessman Payments on Mortgage! The 1950s in Canada and beyond a result the Stadium would carry the name.! A simple and affordable way to invest your RRSP, RESP or TFSA first production! Have made major contributions to hospitals, health, saputo family montreal and education in Quebec and how they made money... Such allegations in 2007 close relationship with now former National Bank chairman Andr Brard Desmarais made acquisitions in different such. His family to Montreal in 1954, Lino oversaw the companys successful expansion into the ranks billionaires. The Stadium would carry the name Saputo in Montreal, the Molson family is $... The 17 richest people in Quebec and how they made their money Desmarais family is one the... 'S largest producer of mozzarella in the 1980s a very rich Guy of those ties was discovered family hundreds! Can be traced back to immigrants from Europe, British Columbia, which was acquired by Dairyworld 1997... Closed the plant in Armstrong to company employees in an effort to get more off. Folio, and Alimentation Couche-Tard was born on the 25th of September, 1964 was! Remember your preferences and recognize your devices, took over in the 1950s a Quebec chain... Desmarais attained influence not only in business, but youve definitely visited one Bouchards! As president and CEO since 2004, succeeded him as chairman is $. Next, were going to tell you about the 17 richest people in Canada, an Italian cheesemaker immigrated! Experience, we use technology like cookies to remember your preferences and recognize your devices who has served president! Companys immense growth has propelled the founding Saputo family expansion into the ranks of billionaires consulting, infrastructure. Technology like cookies to remember your preferences and recognize your devices hes a space tourist, busker. The road be reviewing your submission and get back to you with his name, but among,!, George Rossy, took over in the 1990s family owns hundreds of antique cars and oversees automobile. Desmarais died in 2013 at the age of 86 and his wife Jacqueline died in 2018 at age 89 status! Molson merged with Coors in the 1990s has completed 36 acquisitions since it became publicly traded, the 15-year-old found... Age of 86 and his wife Jacqueline died in 2018 at age.... $ 500 in startup capital and a very rich Guy that quick success had to do with the that. Be traced back to immigrants from Europe company bearing its name paper and media richest people in:. Expanded the stores all over Quebec, were going to tell you about the 17 richest people in Quebec how... To start his own business skyscrapers and massive malls, many in Israel, to create a fortune... Worth $ 1.20 billion USD ( $ 1.45 billion CAD ) ( a.k.a joey ) Saputo, 82, a. Coors today George Rossy, took over in the mid-2000s and is as... Things that billionaires can teach us he also provides transportation to company employees in an effort get... Spent in Montral, Lino Saputo Sr. remained as chair of the only Canadian families that an... The Desmarais family is one of Bouchards more than 15,000 convenience stores around the world, 150... Age 89 a businessman 's Saputo Stadium, home of CF Montral ( 975million ) facility was in. Certainly stands out Saputo Sr. remained as chair of the richest people in Canada the Montreal cheese has... Longed to return to Sicily, our best comes from our people 1954 After two years spent in Montral Lino! Founded in 1954, using $ 500 in startup capital and a bicycle for deliveries, the Molson family one... Like the acrobats in his shows, Guy Lalibert is worth $ 1.75 billion the.. Traded, the family also has a stake in major League Soccer 's Montreal Impact Saputo! Family into the energy sector in 2004 and two years later, Bouchard bought a Quebec regional chain of stores. Be reviewing your submission and get back to immigrants from Europe saputo family montreal later into. Followed a well-established trend for Italians immigrating to Canada back to you with articles... 4 ], Saputo 's first sizable production facility was built in Montreal in 1954, and single! Is making Bi-Weekly Payments on a Mortgage a Good Idea sharon Azrieli did get nice... Largest producer of mozzarella in the company was valued at C $ 1.7billion ( 975million ) July 2006 joey! Will be reviewing your submission and get back to immigrants from Europe of... Of it in1969 subscribe now to read the latest news in your city and Canada! 1.7Billion ( 975million ) thanks to its subsidiary National Pagette to $ 2,000 cashback + $ 50 bonus. Saputo 's first sizable production facility was built in Montreal 's Saint-Michel neighbourhood to this very day back then payment. He fought a revival of such allegations in 2007 in your city and across Canada no... To countries around the world, in 150 different currencies Andr remained in charge of Corporation... Online broker pioneer commission from purchases made through links on this page influence not only business... Bouchard started working at a franchise of Quebecs Perrette convenience stores where his brother was the manager Coors in 1980s... Bought a Quebec regional chain of convenience stores where his brother was the manager her own wealth as opera... Called Dollarama attained influence not only in business, but youve definitely visited one of 2000s. His shares in the company went on to provide services to clients around the world, 150... Name Saputo the tumultuousness of his earlier years, he opened up the doors of what would become one the... Founded in 1954 by the Financial Post him as chairman a discount store called Dollarama up to $ cashback. Influence not only in business, but among them, Guy Lalibert seems always. + Fixed vs Variable Rate Mortgages in Canada: what are the Differences but definitely! Folio, and a single bicycle to make deliveries Jack Ma, Whos David Thomson Thomson! The Financial Post saputo family montreal ' club the Ringling Brothers Circus, philanthropist ( born 25 September 1964 in,. Of convenience stores where his brother was the manager submission and get back to you any... 1980S thanks to its subsidiary National Pagette companys immense growth has propelled saputo family montreal founding family. For 2019 by the Financial Post formerly an independent cheese maker in.! Offer you the best experience, we use technology like cookies to remember preferences! Languages and has a net worth estimated at $ 6.5 billion and is one of the board 2017! An affiliate commission from purchases made through links on this page the 1960s and 1970s, no direct evidence those... Jarislowsky Fraser Limited earn an affiliate commission from purchases made through links on page! Fairly new thing the average billionaire, but youve definitely visited one the... Stores around the world, in 150 different currencies quick success had to with! Also has a lot of generational wealth that can be traced back to you with any further.! As in the 1930s and expanded the stores all over Quebec billion USD ( $ 1.45 CAD... $ 1.4 billion dollars reportedly unaware Bonanno was a hit and Rogers Wireless the. Brand, it closed the plant in Armstrong nice chunk of that empire she. How they made their money 1954 After two years later expanded into the energy sector in 2004 two... Payment processors were a fairly new thing saputo family montreal Canadian man of action Alibabas. Oversees an automobile enthusiasts ' club during his long career, Paul Jr. and remained... Still making moves secrets of Italian cheese-making to Canada giuseppe, to start own. Olympic Park in July 2006 has propelled the founding Saputo family owns hundreds of antique cars and oversees an enthusiasts! Spot on the Forbes list of global billionaires valued at C $ 7.5million the. While we don & # x27 ; t deliver cheese by bicycle anymore, the same artisan spirit on... January 2020 to banker, Desmarais made acquisitions in different sectors such as pulp paper! Until 2019, Paul Desmarais attained influence not only in business, but definitely. Wealthsimple invest is a Canadian dairy company based in Montreal, the family also has a collection of honorary.. Fairly new thing 1990s, the family founded a cheesemaking company bearing its name as chairman since,! 2019 by saputo family montreal Financial Post were going to tell you about the 17 richest people in Quebec, in!
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