⬅ # 770 Jeremy Jacobs Sr|# 772 Sergei Gordeev

# 771 Luca Garavoglia 

$4.15B

Real Time Net Worth
as of 6/24/2024
-$13.0M (-0.31%)

# 771 Luca Garavoglia 

$4.15B

Real Time Net Worth
as of 6/24/2024
-$13.0M (-0.31%)
OccupationChair, Campari Group
Source of WealthSpirits
Age55
ResidenceMilan, Italy
EducationBachelor of Commerce, Bocconi University
Age-Adjusted Net Worth$5.82B
Luca Garavoglia
Luca Garavoglia
Italy
Net worth: $4.15B

Self-Made Score 

Wealth History

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Biography

Overview

Luca Garavoglia, born on February 27, 1969, in Milan, is an Italian billionaire businessman known for his role as chairman of the Campari Group, one of the world's largest alcoholic beverage companies.
He inherited his stake in Campari from his parents, with his late father, Domenico, being a long-time employee before becoming the company's owner.

Early Life Education

Born on February 27, 1969, in Milan, Luca Garavoglia was educated at Milan's Istituto Leone XIII.
He obtained a bachelor's degree in economics from Bocconi University in Milan in 1994.

Career and Achievements

Garavoglia assumed the role of chairman of Campari Group in September 1994.
He became the controlling figure of Alicros, which owns 51% of Campari's equity, after his mother, Rosa Anna Magno Garavoglia, passed away in 2016.
Apart from his role at Campari, Garavoglia has served on the boards of directors of companies like Indesit and Fiat.
He has been involved with philanthropic endeavors, being on the boards of the FAI Foundation since 2005 and the Telethon Foundation since 2011.

Expansion and Acquisitions

Under Garavoglia's leadership, Campari Group has undergone significant expansion and acquisitions.
The company went public on the Borsa Italiana in July 2001, marking a pivotal moment in its growth trajectory.
Campari Group's acquisitions have included notable brands such as Grand Marnier, Bulldog London Dry Gin, Forty Creek Distillery Ltd., Averna, and Rhumantilles, among others.
In December 2023, Campari Group acquired the cognac Courvoisier from Beam Suntory.
The company also ventured into partnerships, acquiring stakes in brands like Howler Head and Catalyst Spirits.

Campari Group

Profile
Founded in 1860 by Gaspare Campari, Campari Group is a global company headquartered in Sesto San Giovanni, Italy.
The group markets and distributes its products in over 190 countries, employing approximately 4,000 people.
Campari Group's portfolio includes over 50 brands, ranging from spirits and wines to non-alcoholic apéritifs.
Production is centralized in 22 manufacturing plants across various countries.
Sales for 2012 amounted to €1,340.8 million, with the majority coming from spirits.

Significant Brands
Campari Group's diverse beverage brands cover a wide spectrum, including apéritifs, champagne, cognac, gin, liqueurs, mezcal, rum, sparkling wine, tequila, vodka, and various types of whiskey.
Some of the prominent brands in Campari's portfolio include Aperol, Campari, Cinzano, SKYY Vodka, Grand Marnier, Wild Turkey, Appleton Estate, Bulldog Gin, Cabo Wabo Tequila, and Forty Creek.

How long would it take you to become as rich as Luca Garavoglia?

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 Luca Garavoglia's net worth of $4.15B.

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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Luca Garavoglia 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 Luca Garavoglia, Spirits 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