Lino Saputo

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Lino Saputo
Born
Emanuele Saputo

(1937-06-10) June 10, 1937 (age 81)
ResidenceSenneville, Quebec, Canada
NationalityCanadian[1]
OccupationBusinessman
Net worthUS$5.3 billion (February 2019)[1]
TitleFounder and chairman, Saputo Inc.
Children3, including Joey Saputo[1]

Emanuele "Lino" Saputo, CM OQ (born June 10, 1937) is an Italian-Canadian billionaire businessman. He is the founder and chairman of the Canadian cheese manufacturer Saputo, Inc. According to Forbes, is the 8th richest person in Canada, and the 339th richest person in the world, with an estimated net worth of US$5.5 billion as of July 2018.[1]

Early life[edit]

Saputo was born in Montelepre, Sicily, Italy, in 1937, to Giuseppe Saputo, a cheesemaker, and his wife Maria. He completed his secondary schooling in the early 1950s, and shortly thereafter the Saputo family immigrated to Montreal, Quebec.

Career[edit]

Saputo became chairman of the board and president of Saputo Inc. in 1969, and was named chairman and chief executive officer (CEO) in 1998 when the company went public. In March 2004, his son Lino Saputo, Jr., was appointed to the position of president and CEO while Saputo continued as the company's chairman.[citation needed] In August 2017, Lino Saputo, Jr. assumed the role of chairman, and Saputo remains the majority shareholder of Saputo Inc.[1]

Other interests[edit]

Saputo owns a significant stake in the trucking company, TransForce, and has extensive investments in real estate, forest products, hotels and golf courses.[2]

Saputo committed C$7.5 million towards the construction of Montreal Impact's Saputo Stadium at Olympic Park in July 2006.[citation needed]

Honours[edit]

In 2011, he was made an Officer of the National Order of Quebec.[3] He was appointed a Member of the Order of Canada (CM), per the Canada Gazette, on September 1, 2012, and Government House announcement on June 29, 2012.

See also[edit]

References[edit]

  1. ^ a b c d e "Forbes profile: Emanuele (Lino) Saputo & family". Forbes. Retrieved February 27, 2019.
  2. ^ "Canada's Richest People: The Saputo Family". www.canadianbusiness.com. Retrieved February 27, 2019.
  3. ^ "National Order of Quebec citation". National Order of Quebec (in French). Archived from the original on April 15, 2012.