What is Francesco Gaetano Caltagirone's Net Worth?
Francesco Gaetano Caltagirone, a renowned Italian businessman, boasts an impressive net worth of $1.7 billion. This significant wealth surge can be attributed to the increased share values of his diverse business ventures.
Following the notable rise of over 14% in Italy's major stock market index, FTSE MIB, in 2013, Caltagirone's publicly traded assets experienced substantial growth. Within a year, his net worth doubled to $1.5 billion.
Business Interests and Holdings
Francesco Gaetano Caltagirone holds over 50% stake in Caltagirone S.p.A., a holding company with expansive interests in:
- Cement Manufacturing
- Real Estate
- Construction
- Publishing
Additionally, his business empire extends to major stakes in Cementir, a prominent cement producer, and utility company Acea. Caltagirone is also a significant figure in the publishing industry as the owner of Caltagirone Editore, the second-largest newspaper publishing company in Italy, featuring notable titles such as Il Messaggero and Leggo, Italy's first free newspaper.
