Francesco Gaetano Caltagirone

About Francesco Gaetano Caltagirone

Birth Day: March 02, 1943
Birth Place: Rome, Italy, Italy
Birth Sign: Aries
Residence: Rome
Other names: Francesco Caltagirone, Franco Caltagirone
Citizenship: Italy
Occupation: businessman
Known for: owns more than 50% of Caltagirone S.p.A.
Spouse(s): Married
Children: three: Francesco, Alessandro, Azzurra

Francesco Gaetano Caltagirone Net Worth

Francesco Gaetano Caltagirone was bornon March 02, 1943 in Rome, Italy, Italy. Francesco Caltagirone, known as Franco, is the most successful of an extended clan of Caltagirones who originally came from the Sicilian city of Palermo. Caltagirone's grandfather owned a construction company; his father moved to Rome with his family in the early 1900s to expand the family construction and real estate empire. Caltagirone, an engineer by training who got his degree while working for the family business, took it to the next level. He owns more than 50% of industrial holding company Caltagirone SpA, which is publicly traded. Once in control of the Caltagirone Group, he expanded through acquisition, first acquiring a stake in construction firm Vianini dallo Ior in the 1980s. He also acquired a large stake in Cementir, a cement producer now run by his son Francesco Jr., and bought into utilities during the privatization of Acea, Italy's water and electricity distributor. He also built a media group now called Caltagirone Editore, Italy's second largest newspaper publisher, by buying several papers. In 2006, he was knighted "Cavaliere del Lavoro" for his contributions to Italian business.
Francesco Gaetano Caltagirone is a member of Construction & Engineering

💰 Net worth: $2.3 Billion (Updated at 22 June 2018)

2009 $1.4 Billion
2010 $1.5 Billion
2011 $1.5 Billion
2014 $1.5 Billion
2015 $2.1 Billion
2016 $1.6 Billion
2017 $1.9 Billion
2018 $2.57 Billion

Some Francesco Gaetano Caltagirone images

Biography/Timeline

1800

Francesco Gaetano Caltagirone was born in Rome into a large family composed almost entirely by manufacturers. His grandfather constructed the first buildings in Palermo in the last decades of the 1800s.

1984

In 1984 he took over Vianini Lavori S.p.A. - now part of the Caltagirone Group - which operates worldwide in the field of large infrastructure projects, and he became President of the company. After a complete industrial restructuring, he carried out the listing of the two subsidiaries Vianini Lavori S.p.A Industry and Vianini Industria S.p.A.

1992

In 1992 he took over Cementir S.p.A, the fourth biggest Italian company in the cement industry, acquired by IRI (Istituto per la Ricostruzione Industriale) through a public auction. In a few years, under the guidance of his son Francesco Caltagirone Jr., Cementir S.p.A became a multinational company with significant presence in Scandinavia, Turkey and the Far East. About 80% of the turnover is produced outside Italy.

1996

In 1996 he acquired the Roman newspaper Il Messaggero from the Montedison Group, and the following year two local newspapers from private investors: Il Mattino based in Naples and Il Corriere Adriatico based in Ancona.

2000

Since 2000 all publishing and new media have been clustered in the Caltagirone Editore publishing group – the fifth biggest group in Italy. In 2006 he acquired the majority stake in the newspaper Il Gazzettino based in Venice.

2006

In 2006 he was appointed Knight of the Order of Merit for Labour. In the same year he became vice-president of Banca Monte dei Paschi di Siena. Until early 2012, when he liquidated his share completely, he was the second largest shareholder and the most important private individual shareholder. In 2007 he was appointed Director of Assicurazioni Generali S.p.A of which he was appointed Vice President in April 2010.

2015

As of 2015, Caltagirone was ranked number #894 on the 2015 Forbes Billionaire list and #19 in Italy, with estimated net worth of $2.1 billion