⬅ # 687 Chung Mong-koo|# 689 William Berkley

# 688 Giuseppe Crippa 

$4.59B

Real Time Net Worth
as of 7/12/2024
$65.2M (1.42%)

# 688 Giuseppe Crippa 

$4.59B

Real Time Net Worth
as of 7/12/2024
$65.2M (1.42%)
OccupationFounder, Technoprobe
Source of WealthMicrochip Testing
Age89
ResidenceCernusco Lombardone, Italy
Marital StatusMarried
Children3
Age-Adjusted Net Worth$645.61M
Giuseppe Crippa
Giuseppe Crippa
Italy
Net worth: $4.59B

Self-Made Score 

Wealth History

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Biography

Overview

Giuseppe Crippa is the founder of Technoprobe, an Italian manufacturer of probe cards, established in 1989 alongside his son Cristiano Crippa.
Technoprobe, under Crippa's leadership, expanded globally and went public on Euronext Milan in February 2022.
Crippa's sons, Cristiano and Roberto, are on the board, while his nephew Stefano Felici serves as CEO.

Early Years and Establishment of Technoprobe

Giuseppe Crippa, while working at ST Microelettronics, harbored a strong desire to pursue his own technical and entrepreneurial passions.
In 1989, with his son Cristiano, he founded Technoprobe, initially producing probes for the probe card market, which were then technologically immature and largely produced in the United States.
The company started in the Crippa family home in Merate, evolving from a small operation in the garage and attic.
In 1995, Crippa retired from ST Microelettronics, enabling him to dedicate himself fully to Technoprobe, which officially became Technoprobe S.r.l. that year.
Technoprobe purchased its first building in Cernusco Lombardone in 1996, establishing its first headquarters.
Expansion commenced in the early 2000s with international offices opening in France, Singapore, and later in the United States.

Technological Advancements and Growth

Technoprobe continued to innovate in probe card technologies, introducing EPOXY technology in 2005 and VERTICAL MEMS probes in 2007.
In 2011, Technoprobe developed the proprietary TPEG™ MEMS technology, becoming an industry standard for wafer testing.
During this period, collaborations with major microelectronics companies expanded, leading to increased market share and awards as best supplier.
Branches were established in the Philippines, Korea, Taiwan, Japan, and China, alongside new industrial buildings in Italy to maintain the company's Italian identity and strong territorial link.
The workforce grew significantly, from 129 employees in 2011 to 1300 a decade later, with Roberto Crippa assuming management of Technoprobe Italia in 2002.
Technoprobe's response to the Covid-19 pandemic included doubling its workforce and establishing a vaccination hub for the local community within its premises, a first in Italy.

Company Profile

Technoprobe, headquartered in Cernusco Lombardone (LC), Italy, operates 21 offices worldwide across Europe, Asia, and the United States.
Specializing in the design, development, and manufacture of probe cards, Technoprobe serves major microelectronics, IT, and digital manufacturers globally.

How long would it take you to become as rich as Giuseppe Crippa?

If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach Giuseppe Crippa's net worth of $4.59B.

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 51.86% compared to 19.03% for the S&P 500 benchmark.

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Giuseppe Crippa 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 Giuseppe Crippa, Microchip Testing 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