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Grizzly Bulls’ Billionaires Index

⬅ # 640 Clemente Del Vecchio|# 642 Daniel Ek ➡

# 641 Francesco Gaetano Caltagirone 

$4.93B

Real Time Net Worth
as of 6/25/2024
-$34.9M (-0.71%)

# 641 Francesco Gaetano Caltagirone 

$4.93B

Real Time Net Worth
as of 6/25/2024
-$34.9M (-0.71%)
OccupationPresident, Caltagirone
Source of WealthCement, Diversified
Age81
ResidenceRome, Italy
Marital StatusMarried
Children3
Age-Adjusted Net Worth$1.19B
Francesco Gaetano Caltagirone
Francesco Gaetano Caltagirone
Italy
Net worth: $4.93B

Self-Made Score 

Wealth History

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Biography

Overview

Francesco Gaetano Caltagirone is the president of Caltagirone, a holding company with interests in construction, cement, real estate, finance, and publishing.
His family, originating from Sicily, established a legacy in construction and real estate, which he diversified into various sectors.
In 1999, he founded the media conglomerate Caltagirone Editore, becoming Italy's sixth-largest newspaper publisher.
The majority of his wealth stems from stakes in two publicly traded firms: Assicurazioni Generali and Cementir.

Early Life and Business Start

Born on March 2, 1943, in Rome, into a family deeply rooted in manufacturing, particularly in construction.
Studied engineering in Rome while simultaneously joining his brothers and cousin to resurrect the family business.
Together, they formed the Caltagirone Group, constructing approximately 200 real estate complexes valued at €15 billion.
In the seventies, he became a majority shareholder in the Caltagirone Group alongside his brother.
In 1984, he acquired Vianini Lavori S.p.A., later integrating it into the Caltagirone Group, expanding its global presence in large infrastructure projects.

Expansion and Diversification

In 1992, acquired Cementir S.p.A., transforming it into a multinational company under his son's guidance, with significant international operations.
During the mid-nineties, consolidated control of the Caltagirone Group, holding about 70% through Finanziaria Italia.
Expanded into media, acquiring prominent newspapers like Il Messaggero, Il Mattino, and Corriere Adriatico.
Established Caltagirone Editore in 2000, consolidating publishing and new media assets, becoming Italy's fifth-largest publishing group.
Diversified further by acquiring majority stakes in newspapers like Il Gazzettino in 2006, expanding media influence.

Positions and Awards

Serves on the Executive Committee of Confindustria and the Committee of the President of the Italian Federation of Newspaper Publishers.
Sits on the board of Auditorium Parco della Musica of Rome, showcasing involvement in cultural endeavors.
Recognized for his contributions, appointed as a Knight of the Order of Merit for Labour in 2006.
Held significant positions in financial institutions, including vice-presidency at Banca Monte dei Paschi di Siena and directorship at Assicurazioni Generali S.p.A.
Married to Luisa Farinon, with three children, one of whom, Azzurra, was previously married to Italian politician Pier Ferdinando Casini.

How long would it take you to become as rich as Francesco Gaetano Caltagirone?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Francesco Gaetano Caltagirone's net worth of $4.93B.

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 48.35% compared to 16.28% for the S&P 500 benchmark.

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Francesco Gaetano Caltagirone 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 Francesco Gaetano Caltagirone, Cement and Diversified are the primary sources. 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