Giovanni Ferrero Net Worth
Giovanni Ferrero net worth: Giovanni Ferrero is an Italian businessman who has a net worth of $24 billion. Giovanni Ferrero was born in Farigliano, Italy in April 1964. He is best known for being part of the Ferrero SpA confectionary company family. Giovanni is the son of Maria Franca Fissolo and Michele Ferrero who owned the Ferrero company. Giovanni studied in Brussels, Belgium and then moved to the United States to study marketing. He then moved back to Europe to work for the family company. Giovanni Ferrero became joint-CEO with his brother Pietro in 1997. After Pietro passed away in an accident in 2011, Giovanni Ferrero assumed leadership of the corporation. Ferrero makes brands such as Nutella, Ferrero Rocher, and Tic Tac. They do over $11 billion a year in revenue and employee more than 20,000 people.
Net Worth details: Ferrero's fortune is from his holdings in the fourth largest chocolate manufacturer in the world, Ferrero SpA. 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 is the Ferrero CEO and is credited with the entire family fortune. Ferrero owns more than 20 candy brands including Tic Tac mints and Nutella spread, and had revenue of $11 billion in 2015.