Rank #2242
Giovanni Arvedi
Net worth $1.9B
Steel · Italy
- Born
- Aug 28, 1937
- Age
- 88
- Source
- Steel
- Residence
- Cremona
- Citizenship
- Italy
- Marital status
- Married
- Children
- 0
- Education
Net worth over time
Biography
- Giovanni Arvedi is the founder and owner of the Arvedi Group, a steelmaker based in the northern Italian city of Cremona.
- Arvedi comes from a long line of metal workers: his ancestors owned a small copper mine in northern Italy in the 17th century.
- He started two trading and manufacturing firms in 1963 and later opened a steel works in Cremona in 1970.
- In January 2022, the Arvedi Group acquired an 85% stake in Italian steel mill AST from ThyssenKrupp for a reported price of roughly $700 million.
- The AST acquisition brought the company's revenues to nearly $8 billion in 2022, making it one of Europe's largest steelmakers.
- Arvedi also owns his hometown soccer team, Cremonese, which plays in Italy's top division Serie A as of the 2022-23 season.
- In 1984, Arvedi was awarded the title of Cavaliere del Lavoro, one of Italy's highest civilian honors.