| net worth: | $25.4 billion |
|---|---|
| age: | 53 |
| date of birth: | September 18, 1970 |
| gender: | male |
| high: | unknown |
| country of origin: | France |
| Source of wealth: | entrepreneur |
| Last updated: | August 2, 2024 |
What is Emmanuel Besnier’s Net Worth?
introduce
Emmanuel Besnier is a French heir and businessman. Besnier is the CEO of Lactalis.
Dubbed the “stealth billionaire,” he is best known as the CEO of Lactalis, his family’s second-largest food company in India and a leading global dairy company.
Emmanuel Besnier’s net worth is estimated at $25.4 billion.
early life
Emmanuel Besnier was born on September 18, 1970 in Laval, Mayenne, France.
His father is Michel Besnier and his mother is Christiane. His grandfather, André Besnier, was the founder of Lactalis in 1933.
Besnier was educated at the Lycée de l’Immaculée-Conception, a Roman Catholic private high school in Laval.
He graduated from ISG Business School in Paris. His father valued his entrepreneurial ability and trained him to be the successor to the family business.
Profession
Born into a wealthy family, Emmanuel Besnier is the grandson of Andre Besnier, who founded Lactalis in 1933.
Even though Emanuel had the skills and money to do just about anything, he stuck with running the family business rather than starting his own.
After graduating from ISG Business School in Paris, France, he started working for Lactalis subsidiaries in the United States and Madrid.
Like David Thomson, Bethnell made the right choice to stick with his family company, which helped him make billions.
Family business
Lactalis was founded in 1933 by Emmanuel Besnier’s grandfather André and in 1990 it acquired the Bridel Group, France’s fourth-largest dairy company.
In 1992, the company acquired the American cheese company Sorrento, and in 1995 Emmanuel returned to France to take over as development director for Lactalis.
In the 21st century, Lactalis acquired the Italian Galbani Group and in 2008 acquired Swiss cheese maker Baer.
However, in 2007, France’s National Institute of Appellations of Origin refused to allow Lactalis to sell pasteurized Camembert as “real” Camembert.
At the time, Lactalis and the cooperative Isigny-Sainte-Mère accounted for nearly 90% of all Camembert sales in Normandy.
Fortunately, the organization said in 2018 that it would relax those restrictions, so it’s become easier for Besnier to sell some of the world’s most expensive cheeses.
Meanwhile, Emmanuel Besnier helped his family company acquire more businesses in the 2010s, further expanding his empire.
Big Shot
In 2012, Lactalis acquired Swedish dairy company Skånemejerier, Sweden’s largest dairy producer.
Shortly thereafter, Lactalis acquired an 80% stake in Turkish dairy company Ak Gida, a subsidiary of Yildiz Holding.
In 2017, Stonyfield Farm announced its sale to Lactalis for $875 million, and in the same year, they acquired Itambé in Brazil.
However, after the acquisition, Lactalis had to recall 12 million cartons of infant formula from 83 countries due to salmonella contamination.
The company’s current CEO, Emmanuel Besnier, was summoned to the French Finance Ministry in connection with the salmonella scandal.
The recall follows allegations that the company tried to hide the discovery of salmonella in its factory, which Besnier denies.
Fortunately, like businessman Michael Bloomberg, Besnier handled the scandal and continued to grow the family business soon after.
Expanding the Empire
Emmanuel Besnier Forbes In 2018, he avoided the spotlight, especially when it came to his private life.
He oversaw Lactalis’ acquisition of Icelandic company Siggi’s Dairy following the salmonella recall, which it still operates independently.
In the same year, Lactalis acquired Nestle Malaysia’s dairy business for $40 million and its Indiana subsidiary Tirumala Milk Products took over Prabhat’s dairy company.
In 2020, Lactalis announced that it had agreed to acquire Kraft Heinz’s natural cheese business for $3.2 billion, but it had to divest the Athenos and Polly-O brands.
Most recently, in 2023, the company’s U.S. group announced it would invest $32 million to build a new whey processing plant in South Buffalo, New York.
In addition to running this empire, Emmanuel Besnier donated 200,000 euros to the Francis-Le-Basser football stadium and attended its board meetings.
Besnier is undoubtedly one of the richest men in the world, and his wealth will continue to grow thanks to his savvy business sense and expanding company.
Emmanuel Besnier Net Worth
Emmanuel Besnier’s net worth is estimated to be around $25.4 billion.
emphasize
Here are some highlights from Emmanuel Besnier’s career:
- CEO, Lactalis
- Besnier and his siblings also own 82.4% of the shares of the publicly traded Parmalat.
Favorite quotes from Emmanuel Besnier
“Quite the opposite. If some media outlets portray this as a ministerial order, they are wrong. With this measure, distributors will no longer have to sort. They know they have to remove all goods from their shelves.” – Emmanuel Besnier
“We have sent documentation of all recalled products along with texts and posters verified by the authorities to customers to inform them of the situation.” – Emmanuel Besnier
“For us, the ‘environmental’ controls are an alarm that causes us to take action and try to keep the bacteria out of the product.” – Emmanuel Besnier
“We will learn from this crisis and work with the authorities to develop a stricter health framework. In a crisis like this, we acted first and maybe I didn’t take the necessary time to explain things.” – Emmanuel Besnier
“At the time, there was only one tower. When Lactalis bought the site from the Celia Group in 2006, we stepped up our control plans. Since then, we have invested €150 million, including the construction of the second tower.” – Emmanuel Besnier
“The crisis is that there is a product that does not comply with regulations. This issue is never zero risk like any other. There are complaints. There are investigations. We will cooperate with the justice system and provide all the elements that we are asked to provide. We have never thought of taking any other action.” – Emmanuel Besnier
3 life lessons from Emmanuel Besnier
Now that you know Emmanuel Besnier’s net worth and how he achieved success; let’s take a look at some of the most important lessons we can learn from him:
1. Inspiration
Inspiration responds to our attention in a variety of and sometimes unexpected ways.
2. Change
You can change. You can be an agent of change.
3. Perfect
Don’t be afraid of perfection. You will never be perfect.
Frequently Asked Questions
How much is Emmanuel Besnier worth?
Emmanuel Besnier’s net worth is estimated at $25.4 billion.
How old is Emmanuel Besnier?
Emmanuel Besnier was born on September 18, 1970 and is currently 53 years old.
How tall is Emmanuel Besnier?
Emmanuel Besnier’s height is not known.
Summary
Emmanuel Besnier is a French businessman who has entered the circle of billionaires, along with his two siblings, brother Jean-Michel and sister Marie Besnier Beauvalot.
The trio inherited 100% of the shares of multinational dairy company Lactalis from their father Michel.
Besnier was born in France and attended the private Roman Catholic Immaculate Conception School in Laval.
Emmanuel Besnier’s net worth is estimated at $25.4 billion.
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Categories: Net Worth
Source: svlsf.edu.vn