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Billionaire Founder Of Corona Makes Everyone In His Hometown A Millionaire

Written by Carly Walker
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Antonino Fernandez, the founder of Corona beer brewery has reportedly left $200 million to his friends, family, and residents of the small Spanish town where he grew up in his will. He was the CEO of Grupo Modelo, the company that made the popular beer Corona. He died at the age of 99 in August, 2016.

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The magnanimous billionaire grew up in the town of Cerezales del Condado, a small village with roughly 80 residents. Antonino has left each villager with about $2.5 million each. Growing up in poverty as one of thirteen siblings, Fernandez had to quit school because his family couldn’t afford to pay for it.

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When he was 32-years-old, he emigrated to Mexico with his wife, whose uncle owned the company in 1949, and first worked for the brewery as a warehouse employee. Eventually, Fernandez became the CEO of the company in 1971. He was the CEO of Grupo Modelo until 1997, and served as Chairman of the Board until 2005. These positions were taken over by his nephew Carlos Fernandez Gonzalez .

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Corona Extra is the second most imported bottled beer in the United States, and brings in $693 million a year in sales. It's also Mexico’s most popular beer.

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When he was 32-years-old, he emigrated to Mexico with his wife, whose uncle owned the company in 1949, and first worked for the brewery as a warehouse employee. Eventually, Fernandez became the CEO of the company in 1971. He was the CEO of Grupo Modelo until 1997, and served as Chairman of the Board until 2005. These positions were taken over by his nephew Carlos Fernandez Gonzalez .

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Corona Extra is the second most imported bottled beer in the United States, and brings in $693 million a year in sales. It's also Mexico’s most popular beer.

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