Saturday, June 3, 2023

Rafael del Pino, president of Ferrovial: the son of a businessman, the grandson of the former president of the Government and the third richest man in Spain.

The transfer of Railways to the Belgians in a move in the Government, which through the First Vice President and Minister of Economic and Digital Transformation, Nadia Calviño, tried to stop the departure without success in a telephone conversation with its President Rafael. del Pino Who is the President of the Railways?

Rafael del Pino Calvo-Sotelo, son of Rafael del Pino Moreno, founder of the company, according to Forbes; one of the greatest things in the world and the third in Spain, Amancio Ortega and his daughter Marta, with assets of 3.8 billion European coins.

A salary of 1.5 million

In 2022 a. he received total remuneration of 5.2 million in cash; which represents an increase of 16% compared to the 4.5 million that he earned in 2021, according to the remuneration report sent by the National Securities Market Commission (CNMV).

This increase is mainly due to a greater contribution from the plan in the payment of incentive shares, which on this occasion referred to 883,000, compared to 490,000 of the previous year’s cash, with a higher remuneration.

The latter was 4.3 million in cash, of which They correspond to a salary of 1.5 million2.6 million for miscellaneous remuneration and other minor related items to be paid in fixed remuneration board.

The son of a businessman and the grandson of a former governor

But in order to know the origin of fortune, it is necessary to return to the past of the family. His father, Rafael del Pino Moreno, one of the greatest Spanish businessmen of the 20th century, founded Ferrovial in 1952, making it the leading company in Spain and making him one of the richest men in the world. It was his mother, Maria Calvo-Sotelo, who died just a year ago sister of the former Prime Minister Leopoldo Calvo-Sotelo.

A genius of civilian training, the second of five married couples — the first man- of his entire career Railway, the first in Libya, and completed an MBA in the United States, held different positions, such as district manager. finance group and as CEO until he took over the presidency in 2000 from his father, who died in 2008.

The main shareholder of the company, he owns more than 20% of the group and is one of the largest fortunes in this country, but the list is also completed by his brothers, shareholders of the group, all in the top 40 positions. order Allocation, Paper Investments and Switf Investments are the three sicavs of the Del Pino family.

Now and in spite of the benefits that Ferrovial continues to have -186 million net in 2022-the company will move to Belgium, where Rijn Capital BV, Rafael del Pino’s personal company, is already based, which will mean savings of about 5% of revenues.

Nation World News Desk
Nation World News Desk
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