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Obituary

Calisto Tanzi, Who Built Dairy Giant That Collapsed, Dies at 83

  • Entrepreneur landed in jail after Italy’s biggest bankruptcy
  • Patron of the arts, sponsor of skiers and Formula One drivers
Calisto Tanzi, Parmalat SpA founder and former chairman, pauses as he arrives in court for the Parmalat trial in Milan, Italy, on Monday, Nov. 17, 2008. 

Calisto Tanzi, Parmalat SpA founder and former chairman, pauses as he arrives in court for the Parmalat trial in Milan, Italy, on Monday, Nov. 17, 2008. 

Photographer: GIUSEPPE ARESU/BLOOMBERG NEWS

Calisto Tanzi, who grew his father’s ham business into the global dairy company Parmalat Finanziaria SpA before leading it into bankruptcy, has died at age 83. 

Tanzi’s death on Jan. 1 was reported by Italian media. No cause of death was given.