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Grizzly Bulls’ Billionaires Index

⬅ # 845 Masahiro Miki|# 847 Lim Hariyanto Wijaya Sarwono ➡

# 846 Lino Saputo 

$4.06B

Real Time Net Worth
as of 11/21/2024
-$5.3M (-0.13%)

# 846 Lino Saputo 

$4.06B

Real Time Net Worth
as of 11/21/2024
-$5.3M (-0.13%)
OccupationFounder, Saputo
Source of WealthCheese
Age87
ResidenceMontreal, Canada
Marital StatusMarried
Children3
EducationDiploma, High School
Age-Adjusted Net Worth$653.70M
Lino Saputo
Lino Saputo
Canada
Net worth: $4.06B

Self-Made Score 

Breitling Avenger Seawolf Automatic Chronometer Yellow Dial Men's Watch

Wealth History

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Biography

Overview

Emanuele Saputo, commonly known as Lino Saputo, is a billionaire of Italian-Canadian descent.
He built his fortune primarily through his leadership in Saputo Inc., one of the largest dairy processing companies in the world.
Saputo is renowned for his business acumen and strategic acquisitions, expanding his company's reach internationally.
He is recognized for his philanthropic efforts, particularly in supporting education, healthcare, and cultural initiatives.

Early Life

Born on June 10, 1937, in Montelepre, Sicily, Italy.
Emigrated with his family to Montreal, Canada in 1952 at the age of 15.
Initially worked in his family's grocery store business before venturing into the dairy industry.

Career Milestones

Founded Saputo Inc. in 1954 as a small cheese-making operation with his father.
Gradually expanded the business through strategic acquisitions, including the purchase of Dairyland in 2001 and Neilson Dairy in 2008, solidifying Saputo Inc.'s position as a major player in the dairy industry.
Took Saputo Inc. public in 1997, further fueling its growth and allowing for increased capital investment.
Led Saputo Inc.'s expansion into international markets, acquiring companies in the United States, Argentina, Australia, and the United Kingdom.

Personal Life

Married to Mirella Saputo, with whom he has three children: Joey, Lino Jr., and Teresa.
Known for his low-profile lifestyle, preferring to keep personal details private.
Passionate about sports, particularly golf, and has been involved in various charitable golf tournaments.
Maintains strong ties to his Italian heritage, supporting cultural initiatives and organizations.

Philanthropy

Established the Saputo Family Foundation, which focuses on supporting education, healthcare, and community development initiatives.
Donated significant sums to various institutions, including hospitals, universities, and cultural organizations.
Contributed to the construction of the Montreal Heart Institute and supported the expansion of the Montreal Museum of Fine Arts.
Engaged in initiatives to combat food insecurity and support agricultural development in underprivileged communities.

Lino Saputo's Wealth is Equivalent to:

3,127,021 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

768,590 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

41,515 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Lino Saputo?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Lino Saputo's net worth of $4.06B.

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 58.67% compared to 23.91% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Lino Saputo 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 Lino Saputo, Cheese 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.

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Edited by: Lee Bailey