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Corona beer boss 'makes every single resident of his home town a millionaire'


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Beer boss Antonino Fernandez has made every resident of the impoverished Spanish village he grew up in a millionaire.

The founder of brewery Groupo Modelo – which produces boozy favourite Corona – left £2 million to every single resident of the village of Cerezales del Condado, the Telegraph reports.

Fernandez died aged 98 on August 31st this year, leaving his £169 million fortune to the 80 locals of his home town in his will.

(Matt Rourke/AP/PA)

Born and raised in Cerezales del Condado, in the Leon province of north west Spain, Fernandez was the 11th of 13 children. He was forced to leave school at the age of 14 to work in the fields, as his parents could no longer afford the fees.

Fernandez moved to Mexico with his wife at the age of 31, where he immediately began working for his wife’s uncle at the Grupo Modelo brewery.

After years of hard work, he managed to work his way to the top to become CEO of the brewery – a position he held until 1997, remaining chairman of the board. He handed the reins over to his nephew in 2005, remaining an honorary life chairman of Grupo Modelo until his death.

This recent display of generosity is not the first Fernandez has shown – he’s been praised for his philanthropic work throughout his life, including the establishment of schemes in both Spain and Mexico helping people with disabilities find work.

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