Michele Ferrero Net Worth

How much is Michele Ferrero Worth?

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Michele Ferrero Net Worth
Net Worth:
$27.3 Billion
Date of Birth
April 26, 1925
Place of Birth
Ogliani, Italy

Michele Ferrero Net Worth: Michele Ferrero is an Italian businessman who has a net worth of $27.3 billion dollars, making him the richest man in Italy. Michele Ferrero is the owner of Ferrero SpA, the chocolate company responsible for Nutella, Tic Tacs, Ferrero Rocher, Mon Cheri, Kinder Chocolate, and Kinder Eggs, among others. Born April 26, 1925, in Dogliani, Italy, Ferrero accumulated the majority of his fortune via his father's chocolate company Ferrero SpA. He inherited the chocolate maker in the 1950′s, and he has since helped it become the fourth-largest manufacturer of chocolate and other confectionery products in the world. Maybe his father Pietro Ferrero was the mastermind behind the creation of today's Nutella, but it was Michele's business acumen that turned the product into a global brand. Under his leadership there will be created numerous other brands like Ferrero Rocher, Mon Cheri, Pocket Coffee and the famous pocket mints Tic Tac. Nowadays, the company operates more than 70 affiliated companies, has 15 production plants and numbers nearly 22,000 employees worldwide. In 1997, Michele's two sons, Giovanni Ferrero and Pietro Ferrero, took over the lead of the company, while he remained the patriarch of the Italian chocolate dynasty. The unfortunate death of Pietro left his brother a sole CEO of the group. Despite being one of the richest people in the world and the richest person in Italy, Michele Ferrero is widely known for being very secretive and is rarely seen in public without sunglasses.

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Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.