Forbes

SERGIO STEVANATO

$1.9 billion • Medical packaging • Italy

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Covid-19 vaccines are housed in tiny glass vials—many of them made by the family-owned Stevanato Group, where

Stevanato, 78, is the chairman of the board emeritus. Stevanato

Group is supplying vials for about 15% of the Covid-19 vaccines tracked by the World Health Organizati­on. That includes 100 million vials shipped to a Gates Foundation–backed group that’s helping to scale 10 different vaccines, including those from Moderna and AstraZenec­a.

Founded on the outskirts of Venice in 1949 by Sergio’s father, Giovanni, the Stevanato

Group started out making glass bottles for wine before pivoting to the pharmaceut­ical industry in the 1960s. Sergio stepped down as CEO in 2010 but still owns a 68% stake in the company; his son Franco is executive

chairman.

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