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Grizzly Bulls’ Billionaires Index

⬅ # 753 James Clark|# 755 Peter Grogg ➡

# 754 Sergio Stevanato 

$4.24B

Real Time Net Worth
as of 7/2/2024
-$161.0M (-3.80%)

# 754 Sergio Stevanato 

$4.24B

Real Time Net Worth
as of 7/2/2024
-$161.0M (-3.80%)
OccupationChair Emeritus, Stevanato Group
Source of WealthMedical Packaging
Age81
ResidenceVenice, Italy
Marital StatusMarried
Children2
EducationLaw Degree, University of Ferrara
Age-Adjusted Net Worth$1.02B
Sergio Stevanato
Sergio Stevanato
Italy
Net worth: $4.24B

Self-Made Score 

Wealth History

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Biography

Overview

Sergio Stevanato was born on March 20, 1943, in Venice, Italy.
He graduated in law from Ferrara University in 1969.
Stevanato began working in the glass industry at a young age, spending summers at his father's company, founded in 1949 in Venice and later moved to Piombino Dese, Italy.
In 2007, he was honored with the title of "Cavaliere del Lavoro" by the President of the Italian Republic Giorgio Napolitano.
Sergio Stevanato currently serves as the President of Stevanato Group.
He is also the President of SFEM, a financial company, and owns Tenuta Stella, a winery in the Friuli Venezia Giulia region of Italy.

Company Overview

Stevanato Group is an Italian multinational company headquartered in Piombino Dese, Padua, Italy, founded in 1949.
The company operates in the glass tube forming technology and inspection systems sector.
It is the world's largest producer of insulin cartridges for diabetes treatment.
Stevanato Group comprises two operational divisions: Pharmaceutical Systems and Engineering Systems.
Pharmaceutical Systems division includes Nuova Ompi and Balda, specializing in glass primary packaging and specialty plastics and delivery devices, respectively.
Engineering Systems division consists of SPAMI, Optrel, InnoScan, and SVM, focusing on glass processing, inspection systems, assembly, and packaging solutions.

Company History and Expansion

Founded in 1949 by Giovanni Stevanato, Stevanato Group started with Nuova Ompi in Venice and later relocated to Piombino Dese, Italy, in 1959.
Expansion began in 1971 with the establishment of SPAMI, specialized in machinery for glass tubing converting.
The company expanded internationally with acquisitions: Medical Glass in Bratislava (2005), Optrel in Vicenza (2007), InnoScan in Denmark (2013), and SVM Automatik, also in Denmark (2016).
Additional production plants were established in Monterrey, Mexico (2008), and Zhangjiagang, China (2012).
In 2017, Ompi do Brasil, a greenfield plant, was opened in Sete Lagoas, Brazil.
Acquisitions also include Balda Medical in Germany, Balda C. Brewer, and Balda Precision in the US (all in 2016).

Major Achievements and Contributions

Stevanato Group went public on the New York Stock Exchange in 2021, marking a significant milestone in its growth.
The company is the largest maker of glass vials globally and a crucial supplier for Covid-19 vaccine manufacturers.
It started as a producer of glass bottles for wine and perfume and evolved to become the world's leading producer of insulin pen cartridges.

How long would it take you to become as rich as Sergio Stevanato?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Sergio Stevanato's net worth of $4.24B.

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 48.24% compared to 16.19% for the S&P 500 benchmark.

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Sergio Stevanato 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 Sergio Stevanato, Medical Packaging 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