Corona founder makes everyone in his hometown a millionaire

Publish Date
Friday, 25 November 2016, 11:56AM


All 80 residents of the sleepy Spanish village of Cerezales del Condado have just become millionaires.

But their good fortune is not the result of winning El Gordo (The Fat One), Spain's national lottery. It is simply because the hamlet was the birthplace of Antonino Fernández - the founder of Corona beer.

Fernández emigrated to Mexico in 1949, when he was 32, and went on to become the CEO of Grupo Modelo, the brewery company who make Corona beer.

He died in August this year, aged 99, and was by then a billionaire.

Under his eccentric will, $300 million was left to the residents of Cerezales, the village in Leon province where Fernández was born into grinding poverty and grew up, one of 13 children.

So each villager inherited roughly $3.75m.

Read the full story at NZ Herald

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