Paolo & Gianfelice Mario Rocca
$4.3 B
Paolo and Gianfelice Rocca are the grandsons of Agostino Rocca, who founded his industrial empire in 1945 in Argentina after helping to build Italy’s steel industry in the 1930s. That empire, the Techint Group, is the global leader in seamless steal pipe production for the oil industry. Techint’s companies operate in steel production, engineering services for the mining industry, major engineering and construction projects, oil and gas exploration, and the hospital and healthcare sector in Italy. Altogether there are roughly 60,000 employees and about $25 billion in annual sales. Paolo, who is CEO, who studied political science at the University of Milano before enrolling in Harvard Business School; he lives in Buenos Aires, Argentina. Gianfelice studied physics at the University of Milano and also did his graduate studies at Harvard. He lives in Milan, Italy, where he heads Humanitas, the group’s healthcare company. Their brother Agostino died in a plane crash in 2001.
Paolo Rocca Net Worth: Paolo Rocca is an Italian-Argentine businessman who has a net worth of $11.7 billion, a sum that he shares with his brother Gianfelice Mario Rocca. Paolo Rocca is the Chairman and the CEO of Techint, an Italian-Argentine conglomerate started by his family. The younger son of Roberto Rocca, the founder of Techint Group, Paolo Rocca was already a graduate of the Harvard Business School when he joined the family business in 1985. At first, he served as an assistant to his father, and five years later he became the executive vice president of the company. The Techint Group now is a global leader in seamless steel pipe production for the oil industry. But aside from steel production company, it also has an engineering and construction company, an oil and gas exploration company, as well as a network of hospitals in Italy. With 60,000 employees worldwide, the group’s annual revenues exceed $25 billion.
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