| net worth: | $25.4 billion |
|---|---|
| age: | 53 |
| Birth: | September 18, 1970 |
| gender: | Male |
| Height: | unknown |
| country of origin: | France |
| Sources of funds: | entrepreneur |
| Last Updated: | August 2, 2024 |
How much is Emmanuelle Besnier’s net worth?
Introduction
Emmanuel Besnier is a French heir and businessman. Besnier is the CEO of Lactalis.
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He is known as the “invisible billionaire”. Most popular as the CEO of Lactalis, his family-owned company is the second-largest food company in the country and a major dairy business worldwide.
Emmanuel Besnier’s net worth is estimated at $25.4 billion.
early life
Emmanuelle Besnier was born on September 18, 1970 in Laval, Mayenne, France.
His father’s name is Michel Besnier and his mother’s name is Christiane. His grandfather André Besnier founded Lactalis in 1933.
Besnier was educated at the Lycée de l’Immaculée-Conception, a Roman Catholic private lycée in Laval.
He graduated from ISG Business School in Paris. His father was aware of his entrepreneurial skills and groomed him to be his successor to run the family business.
Livelihood
Emmanuel Besnier was born into a wealthy family. He was the grandson of André Besnier, who founded Lactalis in 1933.
Even though he had the means and money to do almost anything, Emmanuel stuck to the family business rather than starting his own business.
After graduating from ISG Business School in Paris, France, he began working at Lactalis’ subsidiaries in the US and Madrid.
Like David Thomson, Besnier also made the right decision by staying with his family’s company and this helped him earn billions of dollars.
the family business
Lactalis was founded in 1933 by Emmanuel Besnier’s grandfather André and in 1990 it acquired Groupe Bridal, the fourth-largest French dairy company.
In 1992 it acquired the American cheese company Sorrento, and in 1995 Emmanuel returned to France to take over as development director of Lactalis.
Entering the 2000s, Lactalis purchased the Italian conglomerate Galbani, and in 2008, they purchased the Switzerland-based cheese manufacturer Bayer.
However, in 2007, the Institut National des Appellations d’Origine refused to allow Lactalis to sell pasteurised Camembert as “real” Camembert.
At the time, Lactalis and the co-operative Isigny-Saint-Mere were responsible for around 90% of Normandy Camembert sales.
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Luckily, selling some of the world’s most expensive cheeses became easier for Besnier in 2018, when the organization said it would relax those restrictions.
Meanwhile, Emmanuel Besnier helped his family’s company gain more business in the 2010s, further expanding his empire.
Big Smile
In 2012, Lactalis acquired the Swedish dairy company Skanemejerier, the country’s largest dairy producer.
Soon after, Lactalis acquired an 80% stake in Ak Gida, a Turkish dairy company and subsidiary of Yildiz Holding.
In 2017 it was announced that Stonyfield Farm had been sold to Lactalis for $875 million, and that same year, they acquired Brazil-based Itambé.
However, following this acquisition, Lactalis had to recall 12 million cans of infant milk from 83 countries due to salmonella contamination.
Considering the salmonella scandal, the company’s current chief executive, Emmanuel Besnier, was summoned to the French Finance Ministry.
The recall follows allegations that the company had previously tried to hide the discovery of salmonella at its factory, which Besnier denied.
Fortunately, like businessman Michael Bloomberg, Besnier handled the scandal well and was able to move forward with his family’s business in the immediate aftermath.
Expansion of the empire
Emmanuel Besnier named “the invisible billionaire” Forbes He is in the news in 2018 because he stays very far from publicity, especially when it comes to his personal life.
Following the Salmonella withdrawal, he oversaw the purchase of the Icelandic company Sigge’s Dairy by Lactalis, which still operates independently.
That same year, Lactalis acquired Nestlé Malaysia’s dairy business for $40 million, and their Indiana subsidiary, Tirumala Milk Products, acquired Prabhat’s dairy company.
In 2020, Lactalis announced it had agreed to acquire Kraft Heinz’s natural cheese business for $3.2 billion, but had to sell the Athenos and Polly-O brands.
More recently, in 2023, the company’s US group announced it would invest $32 million in a new whey processing facility in South Buffalo, New York.
As well as running this empire, Emmanuel Besnier also donated 200,000 euros to the Francis-le-Basir football stadium, and he also attends their board meetings.
One of the richest men in the world, Besnier’s wealth will continue to grow thanks to his shrewd business sense and ever-growing company.
Emmanuelle Besnier Net Worth
Emmanuel Besnier’s net worth is estimated to be around $25.4 billion.
Highlights
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Here are some of the best highlights of Emmanuel Besnier’s career:
- CEO of Lactalis
- Besnier and his siblings also own 82.4% of the publicly traded Parmalat
Favorite quotes from Emmanuel Besnier
“On the contrary. If some media have presented this as a ministerial order, it is wrong. With this measure, distributors will no longer have to sort. They know that everything has to be removed from the shelves.” – Emmanuel Besnier
“We have notified our customers by sending them files of all recalled products, as well as texts and posters verified by the authorities.” – Emmanuel Besnier
“For us, the “environmental” controls are warnings to work and try to keep bacteria out of products.” – Emmanuel Besnier
“We will learn from this crisis and work with the authorities to create an even stricter hygiene framework. In a crisis like this, we act first, and perhaps I didn’t take the time to explain things.” – Emmanuel Besnier
“At that time, there was only one tower. When Lactalis bought the site from the Celia Group in 2006, we strengthened the control plan. Since then, we have invested 150 million, including the construction of a second tower.” – Emmanuel Besnier
“The crisis is that there are products that do not comply. There will never be zero risk on this issue, as in other matters. There will be complaints. There will be investigations. We will cooperate with the justice system and provide everything that is asked of us. We have never thought of acting otherwise.” – Emmanuel Besnier
3 life lessons from Emmanuel Besnier
Now that you know everything about Emmanuel Besnier’s net worth and how he achieved success; let’s take a look at some of the strongest things we learned from him:
1. Inspiration
Motivation reacts to our alertness in various and sometimes unexpected ways.
2. Change
You can bring about change. And you can be the agent of change.
3. Completeness
Don’t be afraid of perfection. You will never reach it.
Frequently Asked Questions
How much is Emmanuelle Besnier’s net worth?
Emmanuel Besnier’s net worth is estimated at $25.4 billion.
How old is Emmanuelle Besnier?
Emmanuel Besnier was born on 18 September 1970 and currently, he is 53 years old.
How tall is Emmanuelle Besnier?
Emmanuelle Besnier’s height is unknown.
Summary
Emmanuel Besnier is a French businessman who has joined the club of billionaires and he has two siblings, brother Jean-Michel and sister Marie Besnier Beauvalot.
The three own 100% of the multinational dairy products corporation called Lactalis, which they inherited from their father, Michel.
Besnier was born in France and received his education at Laval, a private school of the Roman Catholic Immaculate Conception.
Emmanuel Besnier’s net worth is estimated at $25.4 billion.
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Source: https://th-xuyenmoc.edu.vn
Category: Net worth