Francesco Gaetano Caltagirone Net Worth
March 14, 2023

Francesco Gaetano Caltagirone: The Billionaire Behind an Empire

Francesco Gaetano Caltagirone, also known as FG Caltagirone, is an Italian billionaire businessman with a net worth of $2.6 billion. He is the founder and owner of the Caltagirone Group, a conglomerate with interests in construction, real estate, cement manufacturing, publishing, and media. Here are some interesting facts about Caltagirone and his business empire.

Early Life and Education

Caltagirone was born on February 3, 1943, in Rome, Italy. He studied Law at the University of Rome, but dropped out in his fourth year to pursue a career in business. His family had a construction business, and he took over the company after his father’s death.

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The Caltagirone Group

The Caltagirone Group is one of Italy’s largest and most diversified conglomerates. It was founded by Caltagirone in 1962 and has grown rapidly in the last few decades. The group’s operations include:

– Construction: The Caltagirone Group is a major player in the construction industry, with projects ranging from infrastructure to residential and commercial buildings.
– Real Estate: The group owns and manages a large portfolio of residential and commercial properties in Italy and abroad.
– Cement Manufacturing: The Caltagirone Group is the third-largest cement producer in Italy. It owns several cement plants and quarries across the country.
– Publishing: The group has a major presence in the Italian media industry, owning several newspapers, magazines, and publishing houses.
– Other: The Caltagirone Group also has interests in fashion, energy, and finance.

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Philanthropy

Caltagirone is known for his philanthropic activities. He has donated millions of dollars to various causes, including education, healthcare, and cultural preservation. In 2011, he founded the Caltagirone Foundation, which supports research in medical and scientific fields.

Politics

Caltagirone has also been involved in Italian politics. He served as a senator in the Italian Parliament from 1994 to 2001, and later as a member of the European Parliament from 2004 to 2008. He is known for his support of center-left political parties in Italy.

Personal Life

Caltagirone is a private individual and does not give many interviews or public appearances. He is married and has four children. He is a lover of art, and his personal collection includes works by famous artists such as Bernini and Caravaggio.

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Controversies

Like many high-profile businessmen, Caltagirone has faced several controversies over the years. In 2019, he was charged with tax evasion, but the charges were later dropped. He has also been criticized for his company’s environmental record, particularly in relation to its cement manufacturing operations.

Net Worth and Recognition

As of 2021, Caltagirone’s net worth is estimated at $2.6 billion, according to Forbes. He has received numerous awards and honors for his business achievements and philanthropy, including the Legion of Honor from the French government and the Honorary Degree in Business Administration from LUISS University in Rome.

Conclusion

Francesco Gaetano Caltagirone is a prominent businessman and philanthropist who has built a vast business empire over several decades. Despite controversies and criticism, he remains one of Italy’s wealthiest individuals and a major force in the country’s economy and politics.

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FAQs

Q. What is the Caltagirone Group?
A. The Caltagirone Group is a conglomerate with interests in construction, real estate, cement manufacturing, publishing, and media.

Q. What is Francesco Gaetano Caltagirone’s net worth?
A. As of 2021, Caltagirone’s net worth is estimated at $2.6 billion.

Q. What philanthropic causes does Caltagirone support?
A. Caltagirone has supported causes related to education, healthcare, and cultural preservation.

Q. Has Caltagirone been involved in politics?
A. Yes, Caltagirone has served as a senator in the Italian Parliament and as a member of the European Parliament.

Q. What controversies has Caltagirone faced?
A. Caltagirone has faced controversies related to tax evasion and environmental issues.

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