The late Corona beer founder didn’t make his villagers millionaires

Unless you’ve been living under a rock, you’ve probably heard the story about the passing of the founder of Corona beer and how he made everyone in his little village a millionaire by leaving them €2 million apiece. According to reports – or we should say rumors – Antonino Fernandez, the billionaire founder of Corona left that not insignificant sun to each of the 80 residents of the Spanish Cerezales del Condado village where he was born in 1917.

The modern fairy tale is (unfortunately) just that, a fiction. While Fernandez did leave a large amount of money to his village through donations to a local non-profit as well as a new cultural center, he certainly didn’t distribute his millions to the villagers. “It’s simply not true, unfortunately,” said Lucia Alaejos from the Fundación Cerezales Antonino y Cinia, the village’s cultural center that was founded in the village with the benefit of money from the foundations. “It seems someone got the wrong end of the stick and the story has just grown and grown,” she told Local Spain. “It’s got completely out of hand.”

Fernandez had no children of his own, so his millions will benefit his many nieces and nephews. “Many of them still visit for some months each summer, so it is great for the village and keeps it alive,” Ms. Alaejos stated, “But the villagers won’t be sharing in that inheritance directly.”


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