Lino Saputo Net Worth is$4.3 Billion
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Date of Birth: 1937
Country: Canada
Lino Saputo net worth: Lino Saputo is a Canadian businessman who has a net worth of $4.3 billion. Emanuele "Lino" Saputo aka "Canada's cheese king" started accumulating his fortune by acquiring U.S. and Canadian dairies in the 1980s. Along with the big boom of pizza consumption, proportionally, grew Saputo's wealth, leading the Sicilian emigrant to corner a bulk of the market and eventually set up publicly traded cheese maker Saputo Inc. Being a former delivery boy, Saputo now is semi-retired, still holding the purse strings as a chairman of the board. However, he has handed most of the everyday operational control of the company to his son Lino, Jr. In March 2004, his son Lino was officially appointed to the position of President and Chief Executive Officer. Apart from owning Saputo Inc, Saputo also has an important stake in the trucking company TransForce, as well as other extensive investments in real estate, forest products, hotels and golf courses. In addition to the above, Lino Saputo is also known for his philanthropy and generous support of many causes including many hospitals in Montreal. Thanks to his devoted work both as a businessman and philanthropist, Saputo he was named Officer of the National Order of Quebec in 2011 and one year later he was appointed a Member of the Order of Canada (CM).
Emanuele "Lino" Saputo, OQ is a Canadian businessman. He is the founder and chairman of the Canadian-based cheese manufacturer Saputo, Inc.. He is 6th richest man in Canada, and the 323rd richest man in the world, with an estimated net worth of $3.4 billion as of March 2011.
Saputo was born in Montelepre, Sicily, Italy, in 1937, to cheesemaker Giuseppe and his wife, Maria. He completed his secondary schooling in 1952, and shortly thereafter the Saputo family immigrated to Montreal, Quebec.
Lino Saputo became Chairman of the Board and President of Saputo, Inc. in 1969, and was named Chairman of the Board and Chief Executive Officer in 1998 when the company went public.
In March 2004, his son Lino Saputo, Jr. was appointed to the position of President and Chief Executive Officer. Lino Saputo continues to act as the company's Chairman of the Board.
Lino Saputo also owns an important stake in the trucking company; TransForce, and has extensive investments in real estate, forest products, hotels and golf courses.
Lino Saputo is also known for his generous philanthropy and support of many causes including many hospitals in Montreal. In July 2006, Saputo committed C$7.5 million towards the construction of Montreal Impact new soccer stadium at Olympic Park.
In 2011, he was made an Officer of the National Order of Quebec. He was appointed a Member of the Order of Canada (CM) as per the Canada Gazette of 1 September 2012 and Government House announcement of 29 June 2012.

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Lino Saputo Latest News

‘We don’t give our product away’: Murray Goulburn buyer Saputo flags the end of $1 milk

Lino Saputo, chief executive of Canadian milk giant Saputo, which last month announced it was buying troubled dairy co-operative Murray Goulburn for $1.3 billion, says he “doesn’t know the economics” of the deals which allow supermarkets including ...
Posted: December 12, 2017, 9:06 pm

Saputo chief Lino Saputo Jr woos dairy farmers on Murray Goulburn bid

THE chief of the Canadian dairy titan set to take over Murray Goulburn Co-operative states point blank that he won’t be giving Australian farmers what they most want — but has no doubt he can win them back. Saputo chief Lino Saputo Jr, who has spent ...
Posted: November 17, 2017, 2:02 am

Jennifer Campbell's Social Notes: Montreal's K4K's supersoirée has staying power

Currently in its 23rd year (hence the impressive “enduring mode”), this year’s big-thinking edition at the Montreal Science Centre was proudly presented by the Mirella and Lino Saputo Foundation and organized and chaired with passion and perseverance ...
Posted: December 8, 2017, 6:09 am
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