Metricon is in double trouble following a financial crisis and the death of its CEO, Mario Biasin.
Metricon CEO and founder, Mario Biasin died unexpectedly on Monday, May 17, 2022. His grieving family has received sympathy from social media users.
Obituary: Metricon CEO Mario Biasin Passes Aged 71
Mario Biasin, the founder and CEO of Metricon, was discovered dead at his home on Tuesday morning.
His unexpected death at the age of 71 years has caused distress in the construction industry. The passing of the CEO was announced in a statement written by Metricon Homes.
The construction company wrote: “This afternoon we are mourning the sudden and unexpected death of company Founder and Chief Executive Officer Mario Biasin. Mario jointly founded Metricon in 1976, growing it to become an industry leader. Our hearts and thoughts are with the Biasin family.”
Also, Anthony di Pietro, a long-time friend of Mario, described his death as “devastating and startling.”
Why Did Mario Biasin Take His Own Life?
Mario Biasin committed suicide and had been experiencing mental health issues.
His company had made the announcement but did not elaborate on the occurrence. Moreover, his family has demanded privacy at the moment.
According to the news, Metricon is on the brink of a financial crisis. After experiencing financial difficulties in recent years, the construction giant had lately held negotiations with clients. The company was also expected to meet the Victorian Government on Thursday, May 19, 2022.
Following this, the staff within the company were being instructed to increase the cash flow. They were certainly under huge pressure.
At present, Metricon employs a total of 2500 staff in Eastern Australia. In the region, the building giants have constructed more than 4000 homes.
Interestingly, the news came just days after the company’s co-founder died unexpectedly. It’s probable that Biasin’s mental health had deteriorated as a result of the company’s unexpected twists.
Details On Mario Biasin Wife & Family
Mario Biasin was married to his wife Glenda Biasin.
Mario and Glenda celebrated their wedding anniversary on November 27, 2021, and a snapshot of the occasion was shared on Twitter. Therefore, we can clearly see that Biasin had a sound married life.
Furthermore, the couple is parents to four adult children. Their names are Michelle Crisfield, Brent, Jason, and Bradley.
Net Worth: How Rich Was Mario Biasin?
Mario Biasin has an estimated net worth of around $60 million USD.
He had earned his fortunes following his successful journey in real estate. He had founded the Metricon homes in the year 1976.