Sergio Mantegazza’s profile picture

Sergio Mantegazza

Sergio Mantegazza’s profile picture
Net worth 2018: $2.88 Billion
Industry: Service
Residence: Lugano, Switzerland
Country: Switzerland
BirthDay: 1926
Children: 2
BIOGRAPHY

Sergio Mantegazza was bornon 1926 in Lugano, Switzerland, Switzerland. Sergio Mantegazza is #825 in List Billionaires People In The World. Vacation king Sergio Mantegazza has built a tour and travel empire from Globus, the company his father Antonio founded in 1928 with a single gondola that ferried tourists around Lake Lugano. Today, the travel group includes European river cruises and guided tours in the U. S., the UK, Canada, Australia, and South Africa. Mantegazza also owns a significant stake in his family's collection of residential and commercial Lugano real estate and a substantial portfolio of low-risk bonds. In 2014, he sold his flagging Monarch Airlines to Greybull Capital for £75 million. On his "Lady Marina" yacht, Mantegazza has played host to high profile guests that reportedly have included Tina Turner.

NET WORTH STATISTIC
2009

$2.6 Billion

2010

$2.8 Billion

2011

$2.9 Billion

2012

$2.3 Billion

2013

$3 Billion

2014

$4.7 Billion

2015

$2.9 Billion

2016

$2.7 Billion

2017

$3.1 Billion

2018

$2.88 Billion

TIMELINE
Sergio Mantegazza (born 1927) is a Swiss businessman, chairman and owner of Globus, the multinational travel company.Sergio Mantegazza was born in 1927. He was educated at Gademann Business School and Istituto Elvetico.Mantegazza expanded the travel business started by his father Antonio in 1928, initially with a single gondola on Lake Lugano. He also owns substantial residential and commercial real estate in Lugano, in Switzerland.In October 2014, it was reported that he had sold Monarch Airlines to Greybull Capital. This deal involved the company’s pension scheme transferring into the statutory Pension Protection Fund (PPF), causing 70 Monarch pilot's pension benefits to be affected by the PPF compensation cap. The Pension Regulator’s subsequent statutory report later concluded that the majority of scheme members received 90% or more of their benefits. However, the deal was nonetheless criticised by The Guardian, which stated that the pilots' retirement plans had been "wrecked", and as stated by Frank Field MP, Chairman of the Work and Pensions Select Committee, in a letter to the Pension Protection Fund - “Compared to the hundreds of millions pounds of debt they were being released from, the [pension] deal was a good one for the Mantegazzas only." He is married with three children (two living) and lives in Lugano.His son, Paolo, worked for Bankers Trust and Credit Suisse, before becoming president and CEO of Globus' US business Group Voyagers in 1998, and killed himself in 2004, at the age of 34.His other son, Fabio Mantegazza, was working with Sergio in the United Kingdom, and was CEO and chairman of Monarch Travel Group Ltd.He has a 64m super-yacht named Lady Marina, where guests have included Tina Turner.
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