⬅ # 660 Tomasz Biernacki|# 662 David Filo

# 661 Carlo Fidani 

$4.89B

Real Time Net Worth
as of 4/23/2024
-$182 (-0.00%)

# 661 Carlo Fidani 

$4.89B

Real Time Net Worth
as of 4/23/2024
-$182 (-0.00%)
OccupationChair, Orlando
Source of WealthReal Estate
Age69
ResidenceToronto, Canada
Age-Adjusted Net Worth$2.66B
Carlo Fidani
Carlo Fidani
Canada
Net worth: $4.89B

Self-Made Score 

Wealth History

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Biography

Overview

Carlo Fidani is a Canadian businessman and philanthropist known for his leadership in Orlando Corp., a Toronto-area real estate company founded by his grandfather in 1948.
He inherited the company in 2000 following his father's passing, and under his leadership, it has expanded its interests in construction, development, and property management.

Early Life and Career Transition

Carlo Fidani's grandfather established Fidani and Sons in 1948, which later evolved into Orlando Corp., a prominent real estate company in Mississauga.
After his father, Orey Fidani, expanded the business, Carlo took over the company's reins in 2000 following his father's demise.

Accolades and Honors

In September 2018, Carlo Fidani was appointed as a Member of the Order of Canada, recognizing his notable achievements and contributions to the country.

Community Involvement and Philanthropy

In 2010, Fidani made a significant $10 million donation to the University of Toronto's Faculty of Medicine, addressing the shortage of family physicians in Ontario.
His donation catalyzed further community support, leading to an additional $12 million donation from Terrence Donnelly, enabling the establishment of the Mississauga Academy of Medicine.
In 2016, through Orlando Corp., Fidani initiated a gift-matching program, pledging up to $15 million to William Osler Health System's three hospital sites in the Toronto area.

How long would it take you to become as rich as Carlo Fidani?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Carlo Fidani's net worth of $4.89B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 34.07% compared to 5.08% for the S&P 500 benchmark.

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Carlo Fidani is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Carlo Fidani, Real Estate is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey