What is Bernardo Caprotti's Net Worth?
Bernardo Caprotti is an Italian entrepreneur renowned for founding Esselunga, the third-largest grocery chain in Italy. As of this year, his net worth is estimated to be $2.4 billion.
Early Beginnings with Nelson Rockefeller
In 1957, Caprotti started Esselunga in collaboration with Nelson Rockefeller, who later became the Vice President of the United States. Initially, Caprotti used a garage in Milan to establish the first supermarket in Italy. By 1964, he managed to expand to 16 supermarkets spread across three Italian cities.
Growth and Revenue
Over the years, Esselunga continued its expansion, primarily in northern Italy. Today, the company generates revenues amounting to $9.2 billion (6.8 billion euros).
Literary Contributions and Legal Battles
In 2007, Caprotti authored a book highlighting corruption issues involving rival Coop Italia and local politicians. Following the book's publication, he was fined $400,000 (300,000 euros) for his statements. In 2005, Caprotti transferred 92% of his Esselunga stake to his two children but reclaimed it six years later after a legal battle in which he emerged victorious.
Legacy and Public Persona
Bernardo Caprotti remains a significant figure in the Italian business landscape, known for his sharp critiques of the media and fellow business competitors. His journey from a small garage in Milan to building a billion-dollar empire is a testament to his entrepreneurial spirit and resilience.
