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

Saputo family makes $1M donation to Pier 21 to commemorate arrival in Canada

The Saputo family, known for their dairy products business, has made a $1-million donation to the Canadian Museum of Immigration at Halifax’s Pier 21 to mark their arrival in Canada. Lino and Mirella ...
Posted: August 22, 2018, 6:52 am

Saputo Inc. (SAPIF) CEO Lino Saputo on Q1 2019 Results - Earnings Call Transcript

Saputo Inc. (OTCPK:SAPIF) Q1 2019 Earnings Conference Call August 7, 2018 1:00 PM ET Executives Marlene Robillard - Investor Relations Lino Saputo - President and Chief Executive Officer Maxime Therri...
Posted: August 12, 2018, 8:33 pm

Saputo Q1 profit falls as various factors combine to offset higher revenue

"We're seeing things that are going on in our industry that we quite frankly haven't seen before and we had seen some pretty intense competition in the past," said Lino Saputo, the company's chief exe...
Posted: August 7, 2018, 8:40 am
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