Billionaire Profile

Global Rank

#2933

Image: Public domain | via Wikimedia Commons

Luigi Cremonini & family

CEO, Cremonini S.p.A.

Real-Time Net Worth

$1.1B

As of December 2025

Age

Source

meat processing

Industry

food-beverage

Citizenship

Biography

Luigi Cremonini, born in 1939, is an Italian billionaire businessman, renowned for his significant contributions to the meat processing industry. He is the chairman of Cremonini S.p.A. and Inalca S.p.A., two leading food companies. Cremonini's career began with a small butcher shop in 1963, which evolved into the pan-European Cremonini Group. With a current net worth of $1.1 billion, his wealth source is primarily from meat processing. He expanded his business interests to include food distribution and catering. Cremonini has received several honors, including the Order of Orange-Nassau and the Cavalier of Labour, recognizing his achievements and impact on the Italian economy. His career has spanned over six decades, marked by strategic expansion and innovation in the food industry.

Wealth Over Time

Portfolio Holdings

MARR S.p.A.

MARR.MI•Food Distribution

In-Depth Profile

Early Life

Luigi Cremonini was born in 1939, into a farming family near Modena, Italy. From an early age, he displayed a passion for farming and studied agriculture in Bologna.

Rise to Success

Cremonini's entrepreneurial journey began in 1963 when he and his brother Giuseppe opened a small butcher shop. This marked the start of the Cremonini Group. Over time, Cremonini expanded the business, founding Inalca, which specialized in butchering in 1966. In the 1970s, the Cremonini Group incorporated several companies. A pivotal moment came with the establishment of Marr, Italy's largest food-service distributor. He also expanded into catering with the Burghy chain. In 1998, Cremonini S.p.A. was listed on the Milan Stock Exchange.

Key Business Strategies

Cremonini's business acumen led to the strategic diversification of the company. His ability to innovate and adapt allowed the Cremonini Group to become a key supplier to major fast-food chains like McDonald's and Burger King. The group's operations expanded internationally, with a presence in 70 countries.

Philanthropy

Luigi Cremonini is known for his philanthropic endeavors and commitment to social responsibility, though the exact amounts are not readily available. He has contributed to various charitable organizations and initiatives, demonstrating his dedication to improving the lives of others.

Career Milestones

1963

Founded Inalca S.p.A.

Luigi Cremonini founded Inalca, a meat processing company that became the foundation of the Cremonini Group.

1979

Acquired MARR S.p.A.

Expanded into food service distribution by acquiring Marr, Italy's largest food-service distributor.

1985

Appointed Cavalier of Labour

Recognized for contributions to the Italian economy.

1994

Honorary Degree

Awarded an honorary degree in Veterinary Medicine by the University of Bologna.

1998

Cremonini S.p.A. listed on the Milan Stock Exchange

Took Cremonini S.p.A. public to access new financial resources.

2001

Founded Roadhouse Grill

Established the first Italian steakhouse chain.

Philanthropy & Social Impact

Charity

Various Charitable Initiatives

Unknown

Luigi Cremonini has made significant contributions to various charitable organizations and initiatives.

Business Philosophy & Leadership

Notable Quotes

"Flying low but always flying."

Leadership Principles

Visionary Leadership

Transforming the Italian food industry and impacting the global business landscape.

Strategic Diversification

Expanding into different sectors of the food industry to ensure growth and market presence.

Controversies & Challenges

2021

Insider Trading Conviction

Luigi Cremonini and his son Vincenzo were found guilty of insider trading related to the purchase of shares in Cremonini S.p.A. in 2008.