One anonymous executive compared the company's security measures to those of NASA, according to The Guardian. After Pietro passed away in an accident in 2011, Giovanni Ferrero assumed leadership of the corporation. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. They do over $11 billion a year in revenue and employee more than 20,000 people. Giovanni is the son of Maria Franca Fissolo and Michele Ferrero who owned the Ferrero company. Picture: Forbes Text: Wikipedia Text: Forbes Update: 2020-4 … If You Want To Be Worth $25 Billion, You Should Have Invented Nutella! $35.1B. He has a net worth of $34.2 billion as of December 2020, according to Bloomberg. He was the richest person in Italy, with a personal wealth of $26bn surpassing Silvio Berlusconi in March 2008. Its assets have grown by 2 billion euros in the past 12 months. Estimated net worth: $22.4 billion (£17.2 billion) Built entirely upon a secret cocoa-hazelnut recipe called Pasta Gianduja – or, as the rest of the world now calls it, Nutella – the Ferrero empire is a global multibillion-dollar venture that is currently headed up by Giovanni Ferrero, the grandson of company founder Pietro. Giovanni Ferrero, who studied marketing in Annville for several months in 1980-81, is, according to recent reports, worth more than $30 billion. Get it now on Libro.fm using the button below. A roundup of uplifting stories about everyday heroes. Giovanni Ferrero Net Worth Giovanni Ferrero is an Italian businessman who has a net worth of $24 billion. Nutella has a devoted fan base that supports Nutella cafes and even a Nutella-themed hotel in Napa Valley. That’s because Giovanni is the son of Maria Franca Fissolo and Michele Ferrero, the latter of whom invented Nutella in Italy in 1964 – the same year Giovanni, according to the Bloomberg Billionaires Index , was born in Farigliano, Italy. Giovanni Ferrero became joint-CEO with his brother Pietro in 1997. Ferrero and his family are the sole owners of the Ferrero Group, according to Bloomberg. He then moved back to Europe to work for the family company. All net worths are calculated using data drawn from public sources. Since taking over as executive chairman, Ferrero made the first acquisitions in the chocolatier's history and hired its first CEO who was not a family member, Forbes reported. He has a net worth of $34.2 billion as of December 2020, according to Bloomberg. Forbes Apr 2020: Giovanni Ferrero is the richest person in Italy. Giovanni then became the Ferrero Group's sole CEO, while his father Michele stayed on as executive chairman. Ferrero owns more than 20 candy brands including Tic Tac mints and Nutella spread, and had revenue of $11 billion in 2015. Giovanni Ferrero. Ferrero attended the European School, a Belgian boarding school, according to the National Italian American Foundation. He is best known for being part of the Ferrero SpA confectionary company family. Here's how he built a $3.4 billion fortune off the hard seltzers and lemonades that have redefined booze for bros. Meet Zhang Yiming, the secretive, 35-year-old Chinese billionaire behind TikTok who made over $12 billion in 2018, Ferrero made $9.63 billion in 2019, bringing his current net worth to. Subscriber Ferrero's father invented Nutella in 1964, and its immense popularity in Italy helped grow the family chocolate shop into a multibillion-dollar business that now also produces Ferrero Rocher, Tic Tac mints, Kinder chocolate, and Butterfinger bars, Forbes reported. as of 3/11/21. Giovanni Ferrero is the richest man in Italy with $25.4 billion net worth. Forbes' Noah Kirsch described Ferrero as "thin, well-dressed, and with a disarming giggle," with "more the air of a game-show host than a billionaire factory owner," after interviewing him in June 2018. The Ferrero Group originated when Ferrero's grandfather, Pietro Ferrero, opened a chocolate shop in Alba, Italy, in 1946, Forbes reported. Michele Ferrero was born on 26 April 1925 in Dogliani, the son of Pietro Ferrero, who founded the Ferrero company, and his wife Piera Cillario.. Career. Ferrero went on to study marketing at Lebanon Valley College in Annville, Pennsylvania, according to NIAF. But no one might love it more than Giovanni Ferrero, the Italian billionaire who built a multibillion-dollar fortune from the chocolatey spread. We welcome all corrections and feedback using the button below. Michele Ferrero: Net Worth: $26.7 Billion: Date Of Birth: April 26, 1925: Died: February 14, 2015, Monte Carlo: Place Of Birth: Dogliani, Piedmont, Italy: Profession: Entrepreneur: Nationality: Italian: Spouse: Maria Franca (m. ?–2015) Children: Giovanni Ferrero, Pietro Ferrero Jr. Parents: Pietro Ferrero, Piera Ferrero: Nicknames: Michael Ferrero: IMDB: http://imdb.com/name/nm2876137 "Tradition is like a bow," Ferrero wrote in an email to The Wall Street Journal's Manuela Mesco in 2016. He is best known for being part of the Ferrero SpA confectionary company family. The Ferrero Group has a strong global presence and Ferrero products are present and sold, directly or through authorised retailers, in more than 170 countries belonging to the entire international community. How The Ferrero Family Became One Of The Wealthiest Families On The Planet, With A Combined Net Worth of $22.9 Billion, 5 Billionaires Who Made ENORMOUS Fortunes In Fun And Weird Ways (Outside Of Technology, Finance And Real Estate), James Harden Sued For Turning $30 Million Mansion Rental Into A "Party House". REAL TIME NET WORTH. Among the Italians the best placed is Giovanni Ferrero, son of the founder Michele, – 37 th in the global rank with a wealth of $23 billion – followed by Luxottica founder Leonardo Del Vecchio – 45 th with $21.2 billion -, and Walgreens CEO Alliance Stefano Pessina – 127th with $11.8 billion. Biography of Giovanni Ferrero Giovanni Ferrero is an Italian businessman who has an estimated net worth of $30.3 billion in August 2019. His most recent book, a novel entitled "Il cacciatore di luce" ("The Light Hunter") that follows a African painter who is diagnosed with leukemia, was published in 2016 according to its Amazon page. © 2021 Celebrity Net Worth / All Rights Reserved, Nutella Heir Adds Nearly $10 Billion To Chocolatey Net Worth In 2019. Giovanni Ferrero is an Italian businessman. Keep reading to see what we know about the secretive billionaire at the helm of one of the world's largest confectionery empires. The Ferrero Group is "one of the world's most secretive firms," The Guardian's John Hooper wrote in 2010. Over 70 years later, the Ferrero Group is the world's second-largest confectionery company. Being the son of the late Michele Ferrero, the owner of multinational confectionery corporation, Giovanni Ferrero studied at European Schools in 1975. Giovanni’s mother Maria has an estimated net worth of $24.6 billion (as of 2016). The Ferrero Group previously banned tours of its factories for fear of "industrial espionage," as the designs of its equipment and Nutella recipe are closely guarded secrets, the Washington Post's Sarah Kaplan reported. Ferrero has written eight novels, several of which are set in Africa, according to Forbes. Giovanni was the "more introverted" of Ferrero brothers, according to The Wall Street Journal. Giovanni and his brother Pietro were given control of the business by their father in 1997, and became sole chief executive when Pietro passed away in 2011. He’s serious and with an International mentality. Here is how he continued building an empire out of confectionery and chocolate spread. Giovanni Ferrero was born in Italy in April 1964, according to the Bloomberg Billionaires Index. Ferrero's father behaved similarly, hiding the details of his life from the press and wearing dark glasses whenever he appeared in public, the Washington Post reported. That makes him the 27th richest person on Earth, worth more than both Elon Musk and Michael Dell, according to the Bloomberg Billionaires Index. Sources. Giovanni Ferrero net worth: Giovanni Ferrero is an Italian businessman who has a net worth of $28 billion. Ferrero runs the company from Luxembourg however, Forbes reported. The acquisitions are in stark contrast to Ferrero's father's business plan, which focused on building in-house brands. The size of the couple's family is unclear, however. Ferrero Rocher chocolates are made by The Ferrero Group, an incredibly large and powerful, in fact they’re the second largest chocolatier in the world. Ferrero is now worth $32 billion, Bloomberg estimates, up 43.1% from the start of 2019. He is the Ferrero CEO and is credited with the entire family fortune. Giovanni Ferrero is the richest man in Italy, with a net worth of over 30 billion dollars. Ferrero joined the firm in 1949. Forbes Apr 2020: Giovanni Ferrero is the richest person in Italy. Net Worth details: Ferrero's fortune is from his holdings in the fourth largest chocolate manufacturer in the world, Ferrero SpA. She is known for her roles as Dana Tressler in the film Flipped, for which she won a 2011 Young Artist Award, and Lexi Reed on Disney Channel’s A.N.T. Beginning net worth: $24.5 billion Ending net worth: $26.7 billion Amount gained: $2.2 billion Giovanni Ferrero — who has candy to thank for his billions as the maker of Nutella, Ferrero Rocher and Tic Tacs — has seen his net worth increase amid the pandemic. White Claw billionaire Anthony von Mandl got his start selling wine out of his car. Ferrero makes brands such as Nutella, Ferrero Rocher, and Tic Tac. Despite the ubiquity of its products, both Ferrero himself and the company have maintained an extremely low profile, to the point where their security measures have been compared to those of NASA. since, “No Rules Rules: Netflix and the Culture of Reinvention”. Ferrero's father Michele lived in Monte Carlo and worked in Italy, commuting between the two locations via helicopter, according to The Washington Post, so it's possible Ferrero has a similar arrangement. Ferrero subsequently took over the role of executive chairman in 2015, Forbes reported. Note: Net worth as of Jan. 21, 2020 Giovanni Ferrero -- grandson of founder Pietro -- owns a controlling stake in the holding company, where he is executive chairman. Then, he moved to the United States to study marketing. With a total net worth estimated at 22.4 billion U.S. dollars, ... Giovanni Ferrero was the 33th wealthiest person in the world and Leonardo Del Vecchio ranked 41th in the list. Thanks to various product additions and company acquisitions, the Ferrero Group's products now include Tic Tac mints; Kinder chocolates; Baby Ruth, Butterfinger, and Crunch candy bars; and Keebler, Famous Amos, and Little Brownie Bakers cookies; in addition to Nutella and Ferrero Rocher, according to a July press release. Ferrero held both the titles of CEO and executive chairman for two years until he hired Lapo Civiletti to take over as the company's CEO in 2017. About Giovanni Ferrero Giovanni Ferrero is an Italian businessman who has an estimated net worth of $30.3 billion in August 2019. However, Kirsch did note that Ferrero "speaks in streams of corporate jargon ('dimensional thresholds,' 'growth momentum,' 'focalization') inflected with arcane data.". Being the son of the late Michele Ferrero, the owner of multinational confectionery corporation, Giovanni Ferrero studied at European Schools in 1975. As of July 2020, Forbes estimated his net worth at $26.3 billion, the 43rd richest in the world, and richest in Italy. He assumed the leadership of the confectionery company Ferrero SpA after the death of his brother Pietro Ferrero in 2011. Giovanni Ferrero inherited his family's confectionery business, launched by his grandfather in 1946.His grandfather had concocted a sweet with molasses, hazelnut oil, and cocoa that was less expensive than chocolate for customers in war-torn Italy. Giovanni studied in Brussels, Belgium and then moved to the United States to study marketing. By clicking ‘Sign up’, you agree to receive marketing emails from Insider The Ferrero Group bought British chocolatier Thorntons for $170 million in 2015, Butterfinger and BabyRuth maker Nestlé's US candy business for $2.8 billion in 2018, and Kellogg's cookie businesses in 2019, according to a Forbes report and a press release. Sources. "The more we stretch the bowstring, the farther we can throw the arrows of modernity and innovation.". However, their arrangement ended abruptly when Pietro died in of a heart attack during a 2011 bicycling accident in South Africa, according to Forbes. Giovanni Ferrero was born in Farigliano, Italy in April 1964. Early life. Net worth: $30.5 billion Source of wealth: Ferrero Group The Ferrero fortune dates back to 1940s Italy, when Michele Ferrero created what is now known as Nutella. Account active as well as other partner offers and accept our, Nazeri Mamat/Shutterstock; Andreas Solaro/AFP via Getty Images; Taylor Borden/Business Insider, Stuart Ramson/Invision for Tic Tac Gum/AP Images, one of the world's largest confectionery empires, the world's second-largest confectionery company.