Gildo Pastor was born in Monaco as the son of Jean-Baptiste Pastor, a stonemason from Liguria in Italy, who immigrated to Monte Carlo as a young man in the 1880s.
[2] After World War II, Pastor acquired oceanfront land at low prices, and in the 1950s, he started building apartment blocks.
With a conservative, debt-averse approach, the Pastor family eventually owned some 3,000 apartments, representing 15% of Monaco's total housing stock and worth about €20 billion.
[3] The Gildo Pastor Center in Fontvieille, Monaco, was named in his honour.
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