Thursday, November 24, 2016

Corona beer founder makes everyone in his hometown a millionaire in his will

The founder of Corona has left £2 million to every single resident of the impoverished Spanish village he grew up in.

All 80 residents of the 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.

Mr 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 £169m 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 £2m.

Maximino Sanchez, who owns a bar in the village, told the Diario de León newspaper: 'We never had any pesete (money) before. I don't know, what we would have done without Antonino.'

At the age of 14 Fernández had to leave school because his parents could not afford the fees.

But he later married Cinia González Díez and when he moved to Mexico he began working for his wife's uncle's company, Grupo Modelo.

By 1971 he had risen to CEO and he helped make Corona not only Mexico's most popular beer but also a huge export phenomenon, including in his native Spain where it is sold under the Coronita brand.

Corona Extra is the second most imported bottled beer in the United States, with annual sales of $693million (£556million).

Fernández never forgot his motherland and was honoured by the former King of Spain, Juan Carlos, for his charitable deeds.

But it was only after his death that it was clear to the people of Cerezales how much he loved his birthplace.



  1. This man definately had a beautiful life while on earth, but by his post humos actions he has successfully transform himself to hero never to be forgotten.

    1. Wow! amazing... May his soul rest in peace. amen