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Francesco Gaetano Caltagirone (Italian pronunciation: [franˈtʃesko ɡa.eˈtaːno kaltadʒiˈroːne]; born 2 March 1943) is an Italian businessman. He controls the holding company Caltagirone S.p.A. with interests in cement manufacturing, real estate, construction and publishing (with Caltagirone Editore).
Francesco Gaetano Caltagirone | |
|---|---|
 Caltagirone with Giorgio Napolitano, President of the Italian Republic | |
| Born | 2 March 1943[1] Rome, Italy |
| Other names | Francesco Caltagirone, Franco Caltagirone |
| Occupation | Businessman |
| Known for | Owns more than 50% of Caltagirone S.p.A.[2] |
| Spouse | Luisa Farinon |
| Children | 3 |
As of 2015, Caltagirone was ranked number #894 on the 2015 Forbes billionaire list and #19 in Italy, with an estimated net worth of $2.1 billion.[3]
Early life
editFrancesco Gaetano Caltagirone was born in Rome into a large family composed almost entirely of manufacturers. His grandfather constructed the first buildings in Palermo in the last decades of the 1800s.
Career
editWhile studying at the faculty of engineering in Rome, Caltagirone and his brothers Edoardo Francesco Caltagirone and Leonardo Francesco Caltagirone resumed the family business that had been interrupted in the forties because of the sudden death of their father. With the inherited capital, the brothers started the company together with their cousin Gaetano Caltagirone, an architect already working as a manufacturer.
Francesco Gaetano Caltagirone became a partner in the company. Since then the group (today known as the Caltagirone Group or Caltagirone S.p.A.) has constructed approximately 200 real estate complexes, composed of nearly 800 buildings with a total area of close to 3.3 million square metres and a value of €15 billion.
In the seventies, the equity balance between Francesco Gaetano Caltagirone and his cousin Gaetano Caltagirone was changed, and Francesco Gaetano Caltagirone became part of the majority shareholders – on an equal footing with his brother Edoardo Francesco Caltagirone.
In 1984, he took over Vianini Lavori S.p.A. – now part of the Caltagirone Group – which operates worldwide in the field of large infrastructure projects. He became president of the company. After a complete industrial restructuring, he carried out the listing of the two subsidiaries, Vianini Lavori S.p.A. Industry and Vianini Industria S.p.A.
In 1992, he took over Cementir S.p.A., the fourth biggest Italian company in the cement industry, acquired by IRI (Istituto per la Ricostruzione Industriale) through a public auction. In a few years, under the guidance of his son Francesco Caltagirone Jr., Cementir S.p.A. became a multinational company with a significant presence in Scandinavia, Turkey and the Far East. About 80% of the turnover is produced outside Italy.
In the mid-nineties, he assumed full control of the Caltagirone Group joining his shares with those of his cousin Gaetano Caltagirone in the company Finanziaria Italia. Francesco Gaetano Caltagirone holds approximately 70% of Finanziaria Italia, which controls about 51% of Caltagirone S.p.A.
In 1996, he acquired the Roman newspaper Il Messaggero from the Montedison Group, and the following year two local newspapers from private investors: Il Mattino based in Naples and Corriere Adriatico based in Ancona.
Since 2000, all publishing and new media have been clustered in the Caltagirone Editore publishing group – the fifth biggest group in Italy. In 2006 he acquired the majority stake in the newspaper Il Gazzettino based in Venice.
Francesco Gaetano Caltagirone is a member of the Executive Committee of Confindustria[4] and the Committee of the President of the Italian Federation of Newspaper Publishers,[5] and he is a director of the Auditorium Parco della Musica of Rome.[6]
In 2006, he was appointed a Knight of the Order of Merit for Labour. In the same year, he became vice-president of Banca Monte dei Paschi di Siena. Until early 2012, when he liquidated his share completely, he was the second largest shareholder and the most important private individual shareholder. In 2007 he was appointed Director of Assicurazioni Generali S.p.A., of which he was appointed Vice President in April 2010.[7]
Personal life
editHe is married to Luisa Farinon (the sister of former TV presenter Gabriella) and has three children: Francesco Jr., Alessandro and Azzurra,[8] the ex-wife of the Italian politician Pier Ferdinando Casini.
Most important subsidiaries
edit- Caltagirone S.p.A.
- Cementir S.p.A.
- Caltagirone Editore S.p.A.
- Vianini Lavori S.p.A.
- Vianini Industria S.p.A.
Other important participations
edit- Assicurazioni Generali S.p.A.
- Unicredit S.p.A.
- Acea S.p.A.
- Grandi Stazioni S.p.A. (through Eurostazioni S.p.A.)
Honors and awards
edit
Italy: Knight of the Order of Merit for Labour 1 June 2006[9]
References
edit
- ^ "Francesco Gaetano Caltagirone". Generali Group. October 2, 2013. Archived from the original on 9 September 2011. Retrieved 11 December 2013.
- ^ "The World's Billionaires (2015): #894 Francesco Gaetano Caltagirone". Forbes. Feb 22, 2016.
- ^ "Billionaires (2015): #894 Francesco Gaetano Caltagirone". Forbes. February 2015.
Net worth: $2.1 billion
- ^ "Confindustria: Caltagirone in giunta". ansa.it. Ansa. 22 May 2013. Retrieved 10 December 2013.
- ^ "FIEG: Rinnovate le cariche sociali per il biennio 2012 – 2014". fieg.it. Federazione italiana editori giornali. 11 June 2012. Retrieved 11 December 2013.
- ^ "Auditorium nomine ai vertici. Alemanno conferma Fuortes". Corriere della Sera. 19 May 2011. Retrieved 11 December 2013.
- ^ "Francesco Gaetano Caltagirone". fieg.it. Assicurazioni Generali S.p.A. 22 May 2013. Retrieved 10 December 2013.[dead link]
- ^ "Caltagirone Francesco Gaetano". Corriere della Sera. 5 October 2008. Archived from the original on 2013-10-08. Retrieved 10 December 2013.
- ^ Sito web del Quirinale: dettaglio decorato. – website of the Italian President