#39 Billionaire
Giovanni Ferrero
$40.4B
$-149M
(-0.4%)
IT
· Age 61
Source of wealth: Nutella, chocolates
Industry: food-beverage
Residence: Brussels, BE
{
"bio": [
"Giovanni Ferrero is executive chairman of his family's namesake confections business, which posted $18 billion sales in 2023.",
"The firm is best known for its iconic Nutella chocolate-hazelnut spread, Kinder chocolates and Tic Tac mints.",
"Giovanni served as co-CEO with his brother, Pietro, who died of a heart attack in 2011.",
"In 2017 he stepped down as CEO but stayed on as executive chairman to focus on corporate strategy.",
"Ferrero acquired Nestle's entire U.S. confections business in 2018 for $2.8 billion."
],
"about": [
"Ferrero is a novelist who has published eight books."
]
}
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