The Sound of Money: Demand for Hearing Aids Creates Billionaires
- Amplifon Chairman Holland has amassed a $2.3 billion fortune
- Italian company’s stock has returned almost 1,000% since IPO
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Longer lifespans are music to the ears of the folks at Amplifon SpA.
Shares of the hearing-aid maker more than doubled since the start of 2017, fueled by demand from an aging population, helping to make its biggest shareholder a billionaire. Chairman Susan Carol Holland owns 44.9 percent of the Milan-based firm through her family’s holding company, accounting for most of her $2.3 billion fortune, according to the Bloomberg Billionaires Index. A small part of her stake is pledged as collateral for a loan.