BillionaireNet
family
L
Rank #2951
ITALYFood & Beveragemeat processing

Luigi Cremonini & family

Net Worth
$1.126B
+0.1% (24h)
Luigi Cremonini, born in 1939, is an Italian billionaire businessman renowned for his significant contributions to the global food industry. As the chairman of Cremonini SpA and Inalca SpA, he has spearheaded a business empire centered around meat processing, distribution, and catering. Cremonini's journey began with a small butcher shop in 1963, evolving into a pan-European conglomerate with an annual turnover of $3.6 billion in meat products. His leadership has been instrumental in establishing Cremonini as a leader in the food and beverage industry. He has received accolades for his work, including an honorary degree in veterinary medicine from the University of Bologna. Residing in Modena, Italy, Cremonini is married with four children and has a net worth of $1.1 billion.

The Full Dossier

Early Life

Luigi Cremonini was born in 1939, in Savignano sul Panaro, Italy, into a farming family near Modena. From a young age, Cremonini displayed a passion for the agricultural industry, which led him to study farming in Bologna.

Rise to Success

Cremonini began his entrepreneurial journey in 1963 by opening a small butcher shop with his brother Giuseppe. This humble start marked the beginning of the Cremonini Group. Under Cremonini's leadership, the company expanded, achieving an annual turnover of $3.6 billion in meat products. Cremonini founded Marr, Italy's largest food-service distributor, further solidifying his prominence in the food sector.

Key Business Strategies

Cremonini's strategies included diversification into cured meats and catering, and entering the distribution of food products. The Group's model is based on the pillars of production, distribution, and catering. Cremonini also focused on international expansion. His company operates in 70 countries, bringing Italian food excellence to the world. In 1996, Cremonini sold the Burghy chain to McDonald's.

Philanthropy

Cremonini is known for his contributions to various charitable organizations and initiatives. Additionally, he has financed archaeological excavations and museum setups.

Career Timeline

2009

Received the "Italy in the World" award

Presented with an "Italy in the World 2009" award at the Italian Embassy in Moscow.

1994

Awarded honorary degree

Received an honorary degree in veterinary medicine from the University of Bologna.

1985

Entered the fast-food world

Acquired Burghy fast-food restaurants

1979

Acquired Marr

Entered the foodservice distribution sector.

1963

Founded Inalca

Luigi Cremonini started activities in the beef sector and founded Inalca, the meat industry company which became the development engine for all the Group's activities.

Philanthropic Impact

Arts and CultureUndisclosed

Support for archaeological excavations

Financed the archaeological excavations and museum setup of the "Cremonini Space at the Trevi."

Wealth Trajectory