Salvatore Grimaldi (; born 25 May 1945) is a

Swedish Swedish or ' may refer to: Anything from or related to Sweden, a country in Northern Europe. Or, specifically: * Swedish language, a North Germanic language spoken primarily in Sweden and Finland ** Swedish alphabet, the official alphabet used by ...

entrepreneur and speaker. He is the chairman of Företagarna and the CEO of Grimaldi Industri AB.

Early life

Salvatore Grimaldi was born in

Taranto Taranto (, also ; ; nap, label= Tarantino, Tarde; Latin: Tarentum; Old Italian: ''Tarento''; Ancient Greek: Τάρᾱς) is a coastal city in Apulia, Southern Italy. It is the capital of the Province of Taranto, serving as an important com ...

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical ...

. He migrated from Italy to

Västerås Västerås ( , , ) is a city in central Sweden on the shore of Lake Mälaren in the province of Västmanland, west of Stockholm. The city had a population of 127,799 at the end of 2019, out of the municipal total of 154,049. Västerås is the se ...

, Sweden with his parents in the early 1950s. His mother came to Sweden to visit her brothers, who had found work at a company called

ASEA ''Allmänna Svenska Elektriska Aktiebolaget'' (English translation: General Swedish Electrical Limited Company; Swedish abbreviation: ASEA) was a Swedish industrial company. History ASEA was founded in 1883 by Ludvig Fredholm in Västerås a ...

. She found Sweden to be such a beautiful country that she decided to stay.

Career

After working at

Volvo The Volvo Group ( sv, Volvokoncernen; legally Aktiebolaget Volvo, shortened to AB Volvo, stylized as VOLVO) is a Swedish multinational manufacturing corporation headquartered in Gothenburg. While its core activity is the production, distributio ...

, Grimaldi founded a grind mill in his own garage in

Köping ''Köping'' was a Swedish denomination for a market town since the Middle Ages, derived from the Old Norse word ''kaupang''. The designation was officially abolished with the municipal reform of 1971, when Sweden was subdivided into the Municip ...

in 1970. In 1982, he started acquiring companies, including Bianchi,

Monark Monark, also known as Cykelfabriken Monark AB and Monark AB, is a Swedish bicycle, moped and motorcycle manufacturer, established in Varberg, Sweden, in 1908 by the industrialist Birger Svensson. As of 2016, Monark is valued at 11.5 billion kr ...

Crescent A crescent shape (, ) is a symbol or emblem used to represent the lunar phase in the first quarter (the "sickle moon"), or by extension a symbol representing the Moon itself. In Hinduism, Lord Shiva is often shown wearing a crescent moon on his ...

and Stiga. He then restructured these companies and sold off portions of the companies that did not contribute to his business objectives. Grimaldi ultimately acquired substantial wealth from these transactions.

Personal life

Villa Geber, Grimaldi's home since 2001 In 2001, Grimaldi received attention from local media when he bought Villa Geber in Diplomatstaden, Stockholm for around 70 million (SEK).Dagensps Salvatore Grimaldi
dagensps.se Retrieved 14 October 2015 At the time, Villa Geber was one of the most expensive private homes in Sweden. On July 1, 2002, he presented an episode of the Sveriges Radio show '' Sommar i P1''. Grimaldi was the chairman of Sweden's largest business owners organisation Företagarna between 2004 and 2006. He is also the chairman of Italienska Handelskammaren, Accademia Italiana della Cucina, Direct Försäkringsmäklarna Västerås. In 2004, Grimaldi was awarded an Honorary Doctorate at Mälardalens College. In 1988, he was awarded the Royal Patriotic Society's Business Medal for his entrepreneurship and his work contributing to important progress of Swedish businesses. In 2011, Network Europe named Grimaldi " e richest immigrant in Sweden", noting that his assets were valued at 1.6 billion Swedish kronor.

References

External links

{{DEFAULTSORT:Grimaldi, Salvatore Swedish company founders 1945 births Living people People from Taranto People from Västerås Italian emigrants to Sweden 20th-century Swedish businesspeople 21st-century Swedish businesspeople