Corona Founder leaves village £169m in will - making every citizen a millionaire

Corona Founder leaves village £169m in will - making every citizen a millionaire

The Founder of Corona, Antonino Fernández has left £169million to the residents of the Spanish village he grew up in.

Fernández, who died aged 98 in August, has left each of the 80 residents of the village Cerezales del Condado, around £2million each in his eccentric will.

Local newspaper Diario de León, reported that the owner of the only bar in the village, Maximino Sanchez told the publication: "I do not know what we would have done without Antonino. We used to have no Pesete." (The basic monetary unit of Spain).

Fernández was born and brought up in the village situated in Leon province in Northwest Spain, and as one of 13 children, his family battled poverty.

At age 14, he had to leave school due to his parents’ inability to afford it, and they needed his help on the fields.

In 1949, aged 32, Fernández moved to Mexico, after an invitation from his wife's uncle to work for Grupo Modelo in a warehouse.

Working his way up through the ranks, he became CEO in 1971, helping to make Corona one of the biggest beer brands in the world. Corona Extra is the second most imported bottled beer in the United States, with annual sales of $693million (£556million).

Fernández remained as Chairman of the Board until 2005 before handing both responsibilities over to his nephew, Carlos Fernández González.

He has been honoured for his charity work and schemes he set up in both Spain and Mexico to find jobs for people with disabilities. Fernández established an organisation in Leon called Soltra, which offers employment opportunities to disabled people, as well as a similar company named after his wife, Cinia, which operates in Mexico,

He also set up the ‘Cerezales Antonino y Cinia’ Foundation in his hometown in 2009, to support rural initiatives in the area.

The village is also getting a brand new cultural centre, paid for out of his inheritance and a local non-profit foundation, Daily Mail reports.


This story was later proved to contain falsities – as our follow up article details here

Have you enjoyed this piece?

Subscribe now to myGrapevine+ and get access to exclusive new content, and the full content archive.

Be the first to comment.

You are currently previewing this article.

This is the last preview available to you for 30 days.

To access more news, features, columns and opinions every day, create a free myGrapevine account.