Alberto Siccardi & family
Overview
- Source of Wealth
- Medical devices
- Industry
- Healthcare
- Residence
- Lugano
- Education
- SDA Bocconi School of Management (Master of Business Administration)University of Turin (Bachelor of Science)
- Marital Status
- Married
- Children
- 3
Assets
- Medacta Group13,890,000 shares @ --MOVE-CH
Biography
Alberto Siccardi founded medical device company Medacta and became a billionaire after taking it public on the Swiss stock exchange in April 2019.
The company, based in Castel San Pietro, Switzerland, designs and sells products and technologies for joint replacement, spine, shoulder and sportsmed surgeries and has annual revenue of more than $800 million.
In the early 90s, Siccardi had a bad fall in the Swiss Alps and got a double hip replacement. Dissatisfied with the process, he founded Medacta.
He and his three children share a two-thirds stake in Medacta, which accounts for the majority of the fortune.
Siccardi's father, Francesco, founded Bieffe Biomedical in Florence and sold it to American company Baxter International for $185 million in 1997.
Siccardi used the proceeds to found Medacta in 1999. He served as CEO for nearly two decades before passing the reins to son Francesco in 2018.