Introduction
Massimo Moratti is a renowned Italian businessman and former president of Inter Milan, an Italian professional football club. Born on May 16, 1945, in Bosco Chiesanuova, Italy, Moratti is known for his impressive net worth, making him one of the wealthiest people in the country. As of 2021, Moratti’s net worth has placed him among the world’s billionaires, thanks to his shares in Saras S.p.A., an Italian oil refining company. But how much is he worth, and how did he make his wealth? In this blog post, we will explore the mindblowing net worth of Massimo Moratti, his wealth sources, and other fascinating aspects related to his financial status.
Moratti’s Early Life and Background
Born to Angelo Moratti, the founder of Saras S.p.A., Massimo Moratti was brought up in a wealthy family. He obtained a degree in economics and business from Bocconi University in Milan, where he majored in international trade and finance. Despite coming from a wealthy family, Moratti ventured into business and entrepreneurship, working in different firms before joining Saras S.p.A., where he grew to become one of the major shareholders.
Holding in Saras S.p.A.
Massimo Moratti’s most significant shareholdings are in Saras S.p.A., an Italian oil refining company founded by his father. Saras is a publicly-traded company, and Moratti owns 20% of the firm’s share, making him one of the wealthiest individuals in Italy. In 2021, Saras S.p.A.’s stock price surged, which further boosted Moratti’s net worth.
Career in Inter Milan
Apart from his stake in Saras S.p.A., Moratti is also famous for serving as the president of Inter Milan between 1995 and 2013. During his tenure, the club won numerous awards, including the UEFA Champions League and the Italian Serie A league. As the Inter Milan president, Moratti increased the team’s worth, leading to his long-standing reputation in the world of football.
Investments in Renewable Energy
Massimo Moratti has diversified his business interests beyond oil refineries, investing in renewable energy. He founded an energy firm called ERG Renew, which focuses on wind power generation and distribution. The company operates in Italy, Romania, France, Germany, and other countries, and has over 1100 megawatts of installed capacity.
Real Estate Investments
Like many other wealthy individuals, Moratti has invested in the real estate sector, mainly in Italy and Europe. His vast portfolio comprises luxury properties, commercial buildings, and other high-end real estate ventures, making him one of the leading real estate investors in the country.
Moratti’s Philanthropy
Moratti is known for his philanthropic acts, mainly in promoting culture and arts in Italy. He supports various charitable organizations, such as La Scala Theatre and the Venice Biennale, which work towards promoting Italian culture and heritage worldwide. Through his philanthropy, Moratti has helped to raise funds for many social causes, including health, education, and human rights.
Massimo Moratti’s Net Worth
As of August 2021, Forbes estimated Massimo Moratti’s net worth to be around $1.6 billion. A significant portion of his wealth comes from his shares in Saras S.p.A. and other investments, such as real estate and renewable energy. His net worth places him among the wealthiest individuals in Italy and the world.
Conclusion
Massimo Moratti is one of the wealthiest businessmen in Italy, with an impressive net worth that has placed him among the world’s billionaires. His investments in Saras S.p.A., renewable energy, real estate, and football have helped him to build his wealth over the years. Moratti is also known for his philanthropy and support for charitable causes, promoting Italian culture and arts globally.
FAQsQ1: What is the source of Massimo Moratti’s wealth?
A1: Moratti’s wealth comes from his shares in Saras S.p.A., real estate, renewable energy investments, and other ventures.
Q2: How much is Massimo Moratti worth in 2021?
A2: Forbes estimated Moratti’s net worth at $1.6 billion in August 2021.
Q3: What is Massimo Moratti’s relationship with Inter Milan?
A3: Moratti served as the president of Inter Milan between 1995 and 2013.
Q4: Is Massimo Moratti involved in philanthropy?
A4: Yes, Moratti is involved in philanthropy, supporting cultural organizations and various social causes.
Q5: What other businesses is Massimo Moratti invested in?
A5: Moratti has investments in renewable energy, real estate, and other ventures.