⬅ # 202 Tom Gores|# 204 Gianfelice Rocca ➡

# 203 Paolo Rocca 

$10.6B

Real Time Net Worth
as of 4/23/2024
$37.2M (0.35%)

# 203 Paolo Rocca 

$10.6B

Real Time Net Worth
as of 4/23/2024
$37.2M (0.35%)
OccupationChair and CEO, Techint Group
Source of WealthPipe Manufacturing
Age71
ResidenceBuenos Aires, Argentina
Age-Adjusted Net Worth$5.04B
Paolo Rocca
Paolo Rocca
Italy
Net worth: $10.6B

Self-Made Score 

Biography

Early Life and Education

Paolo Rocca was born in Milan, Italy, in 1952.
He is the son of Roberto Rocca, Honorary Chairman of Techint, and the grandson of Agostino Rocca, the founder of the Techint Group.
Rocca earned a degree in political science from the UniversitĂ  degli Studi di Milano.
In 1985, he pursued an MBA at Harvard Business School.

Career

Paolo Rocca began his career at Techint Group in 1985 as an assistant to the chairman of the board of directors, after serving as an assistant to the executive director of the World Bank.
In 1990, he assumed the role of executive vice-president of Siderca.
Since 2002, Rocca has served as the CEO of Tenaris and Techint.
He also holds positions as the chairman of the board of directors of Tamsa and Ternium, and director of the Techint Financial Corporation.
Under Rocca's leadership, Techint conducted numerous acquisitions globally, expanding operations to more than 20 countries.

Techint Group

Paolo Rocca, along with his billionaire brother Gianfelice, oversee the Techint Group, a global conglomerate founded by their grandfather, Agostino Rocca, who helped build Italy's steel industry in the 1930s.
The Techint Group operates in steel production, engineering and construction projects, mining, oil and gas, and the Italian hospital and healthcare sector.
The conglomerate generates more than $22 billion in annual sales and employs approximately 52,000 people worldwide.

Legal Issues

In November 2018, Rocca was indicted by an Argentine judge as part of an investigation into the so-called notebook scandal, a graft case.
The charges stemmed from testimony alleging that a company executive had paid bribes to expedite compensation to Rocca's group following the nationalization of SIDOR by the Venezuelan government.
In April 2019, the Argentine court of appeals dropped all charges against Rocca pending further investigation.

How long would it take you to become as rich as Paolo Rocca?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Paolo Rocca's net worth of $10.6B.

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 34.07% compared to 5.08% for the S&P 500 benchmark.

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

Paolo Rocca 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 Paolo Rocca, Pipe Manufacturing 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