Lino Saputo Net Worth is$4.3 Billion
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Date of Birth: 1937

Country: Canada

Lino Saputo net worth: Lino Saputo is a Canadian businessman who has a net worth of $4.3 billion. Emanuele "Lino" Saputo aka "Canada's cheese king" started accumulating his fortune by acquiring U.S. and Canadian dairies in the 1980s. Along with the big boom of pizza consumption, proportionally, grew Saputo's wealth, leading the Sicilian emigrant to corner a bulk of the market and eventually set up publicly traded cheese maker Saputo Inc. Being a former delivery boy, Saputo now is semi-retired, still holding the purse strings as a chairman of the board. However, he has handed most of the everyday operational control of the company to his son Lino, Jr. In March 2004, his son Lino was officially appointed to the position of President and Chief Executive Officer. Apart from owning Saputo Inc, Saputo also has an important stake in the trucking company TransForce, as well as other extensive investments in real estate, forest products, hotels and golf courses. In addition to the above, Lino Saputo is also known for his philanthropy and generous support of many causes including many hospitals in Montreal. Thanks to his devoted work both as a businessman and philanthropist, Saputo he was named Officer of the National Order of Quebec in 2011 and one year later he was appointed a Member of the Order of Canada (CM).
Emanuele "Lino" Saputo, OQ is a Canadian businessman. He is the founder and chairman of the Canadian-based cheese manufacturer Saputo, Inc.. He is 6th richest man in Canada, and the 323rd richest man in the world, with an estimated net worth of $3.4 billion as of March 2011.
Saputo was born in Montelepre, Sicily, Italy, in 1937, to cheesemaker Giuseppe and his wife, Maria. He completed his secondary schooling in 1952, and shortly thereafter the Saputo family immigrated to Montreal, Quebec.
Lino Saputo became Chairman of the Board and President of Saputo, Inc. in 1969, and was named Chairman of the Board and Chief Executive Officer in 1998 when the company went public.
In March 2004, his son Lino Saputo, Jr. was appointed to the position of President and Chief Executive Officer. Lino Saputo continues to act as the company's Chairman of the Board.
Lino Saputo also owns an important stake in the trucking company; TransForce, and has extensive investments in real estate, forest products, hotels and golf courses.
Lino Saputo is also known for his generous philanthropy and support of many causes including many hospitals in Montreal. In July 2006, Saputo committed C$7.5 million towards the construction of Montreal Impact new soccer stadium at Olympic Park.
In 2011, he was made an Officer of the National Order of Quebec. He was appointed a Member of the Order of Canada (CM) as per the Canada Gazette of 1 September 2012 and Government House announcement of 29 June 2012.

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Lino Saputo Latest News

After 63 years, Lino Saputo steps away from the cheese empire he co-founded

Montreal businessmen Lino Saputo officially retired on Tuesday, 63 years after co-founding with his family a business that would grow into a world-class player in the dairy industry. Saputo delivered the news in an emotional speech made to shareholders in ...
Posted: August 2, 2017, 2:24 am

Dairy Saputo profit disappoints, shares near 9-month low

Saputo’s shares shed as much as 9.5 percent, before moderating to a loss of 3.8 percent at C$43.37 in Toronto. Chief Executive Officer Lino Saputo Jr said several factors hurt the U.S. business, including declining cheese prices that caused customers to ...
Posted: June 1, 2017, 10:16 am

Saputo's takeover of Warrnambool Cheese & Butter almost a done deal

For the past four months, Bega Cheese, Murray Goulburn and Canada's Saputo have been locked in a bitter takeover battle for Warrnambool Cheese & Butter ... charismatic chief executive and vice chairman, Lino Saputo jnr, when he made his pitch to ...
Posted: January 17, 2014, 6:08 am

Warrnambool Cheese and Butter: A billion litres and not done yet

Keen buyer: Lino Saputo Jr, CEO of Saputo. Many Fonterra and Murray Goulburn suppliers in Victoria’s South West and South Australia’s South East scrambled across to the processor after shock farmgate milk price cuts late in 2015-16. Lino Saputo Jr ...
Posted: July 13, 2017, 5:00 am

Saputo founder to retire, son to take over as chairman

MONTREAL -- The founder of cheese and dairy processor Saputo Inc. is retiring next summer, handing his position as chairman to his son, who remains chief executive. The move by Lino Saputo, 79, was announced Thursday as the Montreal-based company (TSX ...
Posted: February 1, 2017, 6:37 pm
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