⬅ # 500 Gwendolyn Sontheim Meyer|# 502 Vivek Chaand Sehgal

# 501 Stefano Pessina 

$6.31B

Real Time Net Worth
as of 5/29/2024
-$68.5M (-1.09%)

# 501 Stefano Pessina 

$6.31B

Real Time Net Worth
as of 5/29/2024
-$68.5M (-1.09%)
OccupationChair, Walgreens Boots Alliance
Source of WealthDrugstores
Age82
ResidenceMonte Carlo, Monaco
Marital StatusMarried
Children2
EducationBachelor of Engineering, Politecnico di Milano
Age-Adjusted Net Worth$1.42B
Stefano Pessina
Stefano Pessina
Monaco
Net worth: $6.31B

Self-Made Score 

Wealth History

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Biography

Early Life

Stefano Pessina was born on June 4, 1941, in Pescara, Italy.
He grew up across Milan, Como, and Naples.
Pessina graduated in nuclear engineering from the Polytechnic University of Milan.
Initially interested in nuclear physics, he shifted career focus due to political instability in the 1970s.
Pessina began his professional journey with ACNielsen in Milan.

Career Development

In 1977, Pessina assumed control of his family's pharmaceutical wholesaler, possibly Petrone Group, transforming it into Alliance Santé.
He led Alliance Santé into a merger with Alliance UniChem in 1997, marking his international expansion.
Pessina served as CEO of the merged entity from 2001 to 2004, showcasing his leadership capabilities.
He navigated the merger with Boots Group PLC in 2006, further solidifying his position in the pharmaceutical industry.
Pessina held the chairmanship of Alliance Boots from 2007 to 2014, contributing significantly to its growth and development.
His strategic vision led to the creation of Walgreens Boots Alliance, where he serves as Executive Chairman.

Political Engagement

Pessina made headlines with comments regarding the 2015 UK general election, expressing concerns about Labour Party policies.
His remarks sparked criticism from Labour Party figures, igniting a debate on taxation and corporate influence.
Labour Party's Chuka Umunna responded to Pessina's comments, highlighting concerns about tax contributions.
Walgreens Boots Alliance clarified Pessina's comments, emphasizing his personal views and not a campaign against any party.
Media outlets and analysts weighed in on the controversy, debating the role of business leaders in political discourse.
The incident highlighted the intersection of business, politics, and public perception.

Personal Life and Wealth

Pessina is married to Ornella Barra, who holds the position of Chief Operating Officer, International at Walgreens Boots Alliance.
He has two adult children from a previous marriage.

How long would it take you to become as rich as Stefano Pessina?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Stefano Pessina's net worth of $6.31B.

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 42.57% compared to 11.75% for the S&P 500 benchmark.

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Stefano Pessina 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 Stefano Pessina, Drugstores 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