⬅ # 327 Marie Besnier Beauvalot|# 329 Ken Langone

# 328 Jean-Michel Besnier 

$8.21B

Real Time Net Worth
as of 4/11/2024
-$175 (-0.00%)

# 328 Jean-Michel Besnier 

$8.21B

Real Time Net Worth
as of 4/11/2024
-$175 (-0.00%)
OccupationCo-owner, Lactalis
Source of WealthCheese
Age56
ResidenceLaval, France
Age-Adjusted Net Worth$10.8B
Jean-Michel Besnier
Jean-Michel Besnier
France
Net worth: $8.21B

Self-Made Score 

Wealth History

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Biography

Early and Personal Life

Jean-Michel Besnier, born circa 1968, is a French billionaire heir.
His father, Michel Besnier, served as the CEO of Lactalis for nearly five decades, from 1955 to 2000.
Jean-Michel's paternal grandfather, André Besnier, laid the foundation of the Besnier Group, later known as Lactalis, in 1933.
He has a brother named Emmanuel Besnier, who currently serves as the CEO of Lactalis, and a sister named Marie.
Besnier inherited 100% ownership of Lactalis along with his brother and sister.

Business Ventures and Investments

Jean-Michel Besnier owns a significant 20.7% stake in Lactalis, the French dairy giant.
Lactalis, headquartered in the ancestral hometown of Laval in western France, is a leading producer in Europe.
The company, founded by his grandfather, specializes in various dairy products such as President brie, Milkmaid yogurts, and Valbreso Feta, generating approximately $20 billion in sales.
Apart from Lactalis, the Besnier family also holds stakes in other prominent companies, including Italy's Parmalat and Frommageries Bel, the maker of Baby Bel, La Vache Qui Rit, and Boursin cheeses.
Lactalis continues its global expansion efforts, particularly in regions like China and Southeast Asia.

How long would it take you to become as rich as Jean-Michel Besnier?

If you started with $10,000 and invested an additional $500 each month at a 44.41% CAGR, it would take you 5 years to reach Jean-Michel Besnier's net worth of $8.21B.

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 38.63% compared to 10.38% for the S&P 500 benchmark.

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Jean-Michel Besnier 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 Jean-Michel Besnier, 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.

Edited by: Lee Bailey