Juan Maria Riberas Mera: From Junior Management to Billionaire

Juan Maria Riberas Mera is a Spanish billionaire with a net worth of $2.6 billion. He inherited his wealth from his father’s company, Corporacion Gestamp SL, which was founded in 1958 as a small steel trading company. The company grew into one of Spain’s largest steel companies and diversified into auto parts in 1991. Juan Maria joined the company in 1992 and held junior management positions before eventually joining the board of the company.

Gestamp SL, with $11 billion in sales, is a massive steel and automotive parts conglomerate with 96 manufacturing spots worldwide, including six in China. Juan Maria runs the company with his brother, who serves as CEO, since their father’s death in 2010. The brothers each have a 50% stake in the company.

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