Sergio Mantegazza – Billionaire

Sergio Mantegazza (born 1927) is a Swiss businessman, chairman and owner of Globus, the multinational travel company.

Early life

Sergio Mantegazza was born in 1927. He was educated at Gademann Business School and Istituto Elvetico.

Career

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., ridding him of the £660 million pension shortfall that his company had amassed, and causing heartache as employees had their pension income slashed.

Personal life

He is married with three children (two living) and lives in Lugano.

His son, Paolo, after working for Bankers Trust and Credit Suisse, took charge of Globus’ US business. He committed suicide in 2004, aged 34. His other son, Fabio Mantegazza, was chief executive of Monarch Airlines.

Source:wikipedia