Francesco Gaetano Caltagirone
- Net worth $12 billion
- Birthday March 2, 1943
- Status -
- Country Italy
- Source(-s) of wealth Businessman, Investor, Real-Estate Developer
How much is Francesco Gaetano Caltagirone Worth? Francesco Gaetano Caltagirone Net Worth in 2026
Francesco Gaetano Caltagirone’s net worth is estimated at $12 billion as of November 2026. He made his name in cement and newspapers, yet by our count about 70% of his fortune now sits in two financial stocks, the insurer Generali and the bank Monte dei Paschi. If Intesa Sanpaolo’s offer for Monte dei Paschi succeeds and he tenders, he would receive about €387 million in cash plus roughly 496 million Intesa shares, by our calculation.
| Net worth | $12 billion (our estimate, range $11 billion to $12.5 billion) |
|---|---|
| Born | March 2, 1943, Rome, Italy |
| Age | 83 |
| Country | Italy |
| Known for | Caltagirone SpA (cement, construction, publishing); stakes in Generali and Monte dei Paschi |
| Main income sources | Listed shareholdings, property, Caltagirone SpA |
How much is Francesco Gaetano Caltagirone worth in 2026?
About $12 billion. We add up his group’s listed stakes at November 9, 2026 prices, convert at $1.1229 per euro, and add the property his holding company carries on its books. The stakes sit in a web of family companies, some run by his children, but Italy’s market regulator lists him as the person who controls the main vehicles, so we credit them to him. One row is soft: if part of the Generali block sits inside Caltagirone SpA, some value is counted twice, and dropping that whole row would bring the total to about $11 billion.
Stake by stake
| Source | Our estimate | What it rests on |
|---|---|---|
| Generali, 6.32% | $4.74 billion | 6.32% of the insurer’s €66.78 billion market value: €4.22 billion. |
| Monte dei Paschi, 10.2% | $4.0 billion | 10.2% of the bank’s €34.93 billion market value: €3.56 billion. |
| Acea, 5.5% | $280 million | 5.5% of the Rome utility’s €4.60 billion market value: €253 million. |
| Property | $2.01 billion | €1.79 billion of property investments on the books of his holding company FGC, at book value, not market value. |
| Caltagirone SpA, 87.6% | $1.13 billion | 87.6% of the €1.15 billion market value of the listed company that owns Cementir, Vianini and the newspapers: €1.01 billion. Some group shares in Generali may sit inside it; the register reports the group as one block, so this row could overlap the Generali row in part. |
| Total | $12 billion | $12.16 billion before rounding. |
From Palermo builders to Generali’s boardroom
Caltagirone was born in Rome in 1943 into a family of builders; his grandfather put up early buildings in Palermo. When his father died suddenly in the 1940s, he and his brothers restarted the business with a cousin, his biography says. He took over Vianini Lavori in 1984, bought the cement maker Cementir from the state holding company IRI in 1992, and assembled a newspaper group around Il Messaggero, Il Mattino and Il Gazzettino.
The family companies are now run by the next generation. His son Francesco leads Cementir, Alessandro runs Vianini, which has a €1.6 billion order book, and Azzurra heads the publishing arm, Alliance News reported in January 2026. The same report put the consolidated net worth of FGC, his unlisted holding company, at €6.3 billion. That is a book figure; at market prices our total is about €10.8 billion.
Banker without a bank
He joined the Generali board in 2007 and became a vice president in 2010. His group’s 6.32% makes it the fourth-largest holder, behind Monte dei Paschi (through Mediobanca, 13.35%), the Del Vecchio family’s Delfin (10.15%) and UniCredit (9.05%), according to Generali’s shareholder register as at October 7, 2026.
At Monte dei Paschi he is the second-largest shareholder. On October 29, 2026 shareholders, his group among them, voted down chief executive Luigi Lovaglio’s plan to buy Banco BPM and Banca Generali, which kept alive Intesa Sanpaolo’s offer of about €31 billion for the bank, Il Post reported.
What the Intesa offer means for him
Here is our calculation. Monte dei Paschi’s market value of €34.93 billion at €11.50 a share implies about 3.04 billion shares, so his 10.2% is about 310 million shares. Intesa offers 1.6 of its own shares plus €1.25 in cash for each one. If he tenders, that is roughly 496 million Intesa shares and €387 million in cash, which would make him one of Intesa’s largest shareholders.
Why other estimates disagree
Public estimates mostly differ on what to do with the holding companies. Some take the holding company’s €6.3 billion book value, which sits well below market prices. Others are set on different days: the Monte dei Paschi stake alone was worth just over €3 billion in June 2026, against €3.56 billion now.
What would move the figure
The Intesa offer, which needs two-thirds of Monte dei Paschi’s shares to be tendered, is the big one: it would swap a bank stake for Intesa shares and cash, and could trigger tax on the gain. Moves in Generali shares come next, at about €95 million for every euro on the share price.
Francesco Gaetano Caltagirone net worth FAQ
What is Francesco Gaetano Caltagirone’s net worth?
About $12 billion as of November 2026 by our estimate, mostly his group’s stakes in Generali and Monte dei Paschi.
How much would Caltagirone get from Intesa’s offer for Monte dei Paschi?
By our math, about 496 million Intesa shares and €387 million in cash for his roughly 310 million Monte dei Paschi shares, if he tenders.
How much of Generali does Caltagirone own?
His group held 6.32% at October 7, 2026, worth about €4.22 billion at November 9 prices.
How old is Francesco Gaetano Caltagirone?
83. He was born on March 2, 1943, in Rome.
What companies does the Caltagirone family run?
Cementir, the construction firm Vianini and a newspaper group including Il Messaggero, Il Mattino and Il Gazzettino, all within Caltagirone SpA.
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How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
Last updated: November 2026.
Photo: Caltagirone Group / Wikimedia Commons, CC BY 2.0, cropped