Simona Giorgetta
Source of wealth: Chemical products
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Modules
Biography
Simona Giorgetta is the largest shareholder and on the board of MAPEI, a manufacturer of chemical products used in construction based in Milan, Italy.
She is the niece of Giorgio Squinzi, who led MAPEI from 1984 until his death in October 2019; Giorgio's father Rodolfo founded the company in 1937.
The company's products have been used in projects ranging from the Panama City metro to the restoration of the Coliseum in Rome.
Giorgetta shares ownership of the company with her cousins Marco and Veronica, Giorgio's two children, who serve as co-CEOs of MAPEI.
Together, Giorgetta and her cousins also own Italian soccer team Sassuolo Calcio, which Giorgio acquired in 2003.
Financial Assets
Financial assets information not available.
The Great Lie of Mega-Fortunes: The Case of Simona Giorgetta
Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.
The immense fortune of Simona Giorgetta, linked to Construction & Engineering and 'Chemical products', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 9 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 0.5 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.