Rank #38
Giovanni Ferrero
Net worth $48.0B
Nutella, chocolates · Italy
- Born
- Sep 21, 1964
- Age
- 61
- Source
- Nutella, chocolates
- Residence
- Brussels
- Citizenship
- Italy
- Marital status
- Married
- Children
- 2
- Education
Net worth over time
Biography
- Giovanni Ferrero is executive chairman of his family's namesake confections business, which boasts $20 billion in annual sales.
- 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.
- In 2025 it acquired WK Kellogg, the makers behind Corn Flakes and Rice Krispies, for $3.1 billion.
- Ferrero is a novelist who has published eight books.