Sergio Mantegazza
Profile
Sergio Mantegazza is a businessman of Swiss origin. He is the chairman and owner of Globus, the multinational travel company. According to Forbes, Sergio is the 628th richest billionaire in the world and the 13th richest man in Switzerland. His estimated net worth is US$ 2.9 billion. Sergio is popularly known as the ‘Vacation King’.
Childhood
Sergio Mantegazza was born in 1927 in Switzerland. He studied at the Istituto Elvetico and Gademann Business School. Sergio’s father was Antonio Mantegazza.
Early Career
Sergio joined his father’s travel business. His father had started a small travel business in 1928 on Lake Lugano with a single gondola that ferried tourists around Lake Lugano. After completing his studies, Mantegazza joined his father's travel business, Globus Gateway Tours, in Lugano, Switzerland. Between 1945 and 1948, he gained hands-on experience in the industry. By 1948, he advanced to the role of manager, and in 1952, he became the general manager. His leadership was instrumental in expanding the company's operations beyond local tours, introducing international travel packages, and establishing a global distribution network.
In 1960, Mantegazza was appointed managing director of the Globus Group of Companies, and by 1975, he ascended to the position of president. Under his guidance, the company diversified its offerings to include European river cruises and guided tours across various continents, solidifying its status as a leading entity in the travel industry.
Mantegazza's early career was marked by a commitment to innovation and growth, transforming a modest family business into a multinational travel enterprise. His strategic vision and leadership were pivotal in the company's global expansion and enduring success.
Heights
Sergio is Chairman, Globus and one of the richest people in Switzerland. Sergio began to expand the company's operations, turning it into a global travel and tour empire. Globus currently does European river cruises as well as guided tours in South Africa, United Kingdom, United States and Canada.
Sergio has a substantial stake in the Mantegazza families residential and commercial real estate in Lugano. He has a huge portfolio of low risk bonds. Sergio recently sold his to Greybull Capital at an impressive profit.
Personal Life
Sergio Mantegazza is married and has three children; Paolo Mantegazza died in 2004, Fabio Mantegazza and Maria Dolores Mantegazza. Fabio Mantegazza, was chief executive of Monarch Airlines. Sergio resides in Lugano, Switzerland.
Death
Sergio Mantegazza, the Swiss-Italian billionaire and chairman of Globus, passed away on February 13, 2024, at the age of 96 in his hometown of Lugano, Switzerland. His death was confirmed by the Swiss news agency Keystone- SDA.In 1968, the Mantegazza family co-founded Monarch Airlines, a UK-based carrier that became a significant player in the charter flight and package holiday sectors. Despite substantial investments to support the airline, the family sold Monarch in 2014.
Mantegazza's contributions extended beyond business; he was a generous supporter of education and the arts. Through the Metis Fondazione Sergio Mantegazza, he funded various charitable initiatives, particularly in youth sports and cultural programs. At the time of his death, Forbes estimated his net worth at $2.7 billion, ranking him among Switzerland's wealthiest individuals.
- Full Name :
- Sergio Mantegazza
- Born :
- 31st-Oct -1927
- Zodiac Sign :
- Scorpio
- Birth Place :
- Mendrisio
Switzerland
- Education :
- Gademann Business School,
The Istituto Elvetico
- Occupation :
- Businessman , Chairman
- Industry :
- Business
- Networth :
- $ 2.7 Billion
