. NEW YORK, March 28 (Reuters) - Facundo L. Bacardi had little interest in joining the family business, which happens to be the largest privately held spirits company in the world, with a portfolio of more than 200 brands, including Bombay Sapphire, Grey Goose and Dewars. Originally founded by Don Facundo Bacardi Masso in Santiago de Cuba on February 4th, 1862, Bacardi is headquartered today in Hamilton, Bermuda. Now, to all of a sudden say goodbye, it's just shattering our lives. . The company Facundo Bacardi launched in Cuba in 1862 brought worldwide fame to the island, and in the decades that followed his Bacardi descendants participated in every aspect of Cuban life. It goes back to what I was saying about being a steward of the company. But only 20 percent of Bacardi stock was in public, nonfamily hands. The children doubtless will grow up with a different view of the Bacardi trademark and companies than their parents did, although the far-flung Bacardis hope their loyalty to the company will not diminish. Affectionately known as El Coco, the palm became a symbol to the Bacard family and company. I got goose bumps when I visited, because I know the history of the Bacardi family there, and having met a number of Bacardi employees and family members. The dissidents say they have only about 15 percent of Bacardi Corp.'s shares on their side, so on a straight vote they would lose. But a place was there for a family member who was willing to work. Instead of buying back shares, they proposed a reverse stock split: Every 1,000 old shares would be converted to one new share. "Most of them have so much money, they just go from Monaco to Bermuda to Nassau," said one family dissident. Marc Anthony is the buyer of the $19 million Coral Gables mansion recently sold by a Bacardi family member. Bacardis history is so closely intertwined with that of Cuba. "Sometimes taking a company private is a prelude either to restructuring the company, selling assets or selling out," he said. A recent family gathering in Mexico, they note, had 500 attendees. In 1986, Bacardi sold 265,000 cases more than its closest competitor, Smirnoff's vodka, according to figures compiled by industry analyst John C. Maxwell. Thanks to our ingenious founder, Don Facundo Bacard Mass, a rum like no other was born. Wealth Management is part of the Informa Connect Division of Informa PLC. After an eight-year renovation was completed in 2016, the property was expanded into a 12-bedroom . Immediate Family: Son of Juan Jose Anton BACARDI y Tudo and Maria Francisca Thecla Maso' y Maso'. Recall that until 1992, Bacardi was comprised of five independently operating companies. I would say about half our family members were born in Cuba. Facundo Bacardi was born circa 1896, at birth place, to Facundo Miguel Hilario Bacardi y Moreau and Ernestina Bacardi y Moreau. Facundo L. is the 5 th generation family member to be Chairman of the organization and under his stewardship, BacardiLimited has sought new horizons with the acquisition of top notch brands that are not related to rum. He never settled, always looking for ways to improve his product. Facundo L BACARDI Moralesfound in 3 treesView all Facundo L BACARDI Moralesfrom tree Familia del Portillo-Tamargo-Leyva-Avila-Fontanills and Royalty Record information. BY VOL. This relationship is not possible based . Toten Comas Bacardi is fighting in Spanish courts for a settlement from his former employer. Were a family company, not a public company where its all about profit. They didn't have to. To mark the auspicious occasion, your poetically-minded son, Facundo Bacard Moreau, plants a coconut tree, El Coco, outside the distillery. Life lessons from Bacardi Limited's chairman Facundo L. Bacardi. [5] The company sells in excess of 200 million bottles per year. Why doesnt the Bacardi family undertake a public campaign to draw public attention to this injustice and get this embargo over, so the people in Cuba can regain the freedom they had and the hope for prosperity in the future? O'Hara reportedly said he was aware that some shares had been transferred. The dissidents had spent the intervening weeks frantically shifting shares among family members, distributing blocks of 1,000 shares to children, spouses and trusts, to ensure that even after the reverse split more than 300 shareholders would remain. Great, great-granddaughter of Bacardi founder Facundo Bacardi sold the property. Founded in 1862, and family-owned for seven generations, Bacardi employs 6,000 people, manufactures at 27 facilities in 16 markets on four continents, with sales in more than 150 countries. 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