Michele Ferrero Net Worth: Michele Ferrero is an Italian businessman who has a net worth of $25 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.
Michele Ferrero was born in 1927. An inheritance from his father and Uncle, he is now the owner of Ferrero SpA, one of Europe's largest chocolate makers with an estimated 2002 sales of $4 billion. Ferreros brands include Nutella, Mon Chri, Kinder Chocolate, Ferrero Rocher, T...
Date of Birth
- April 26, 1925
- Michael Ferrero
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