Giovanni Ferrero Net Worth

Giovanni Ferrero Net Worth
Giovanni Ferrero Net Worth (Image Source – TheStraitsTimes)

Giovanni Ferrero net worth

Current Net Worth$34.2 Billion (USD – 3,420 Crores), (Rupees – 2.57 Lakh Crores)

Giovanni Ferrero short biography

Net Worth$34.2 Billion
BornSeptember 21, 1964 (Age – 57)
Identified asExecutive Chairman of Ferrero Rocher
StatusThe richest person in Italy & Italian Businessman
EducationLebanon Valley College
NationalityItalian
ResidenceBrussels, Belgium
Spousal statusMarried (Paola Rossi)
Children2
Giovanni Ferrero short biography

Giovanni Ferrero has a net worth of $34.2 Billion (Rupees – 2,57,596 Crores), making him one of the richest men in the world after Klaus-Michael Kuehne, Zhang Yiming, and Li Ka-shing.

He is the executive chairman of his family’s Ferrero Rocher confectionery company, which had revenues of almost $15 billion in 2020.

He is a businessman from Italy.

After his brother Pietro Ferrero died in 2011, he took over as CEO of Ferrero SpA, a candy firm.

Forbes projected his net worth to be $35.1 billion in April 2021, making him the 40th richest person in the world and the richest Italian.

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Giovanni Ferrero biography

Full NameGiovanni Ferrero
Height6.2 feet, 188 cm
Weight75 Kg
Giovanni Ferrero biography

Giovanni Ferrero was born on September 21, 1964, in Farigliano, Italy.

He is the son of Maria Franca Fissolo and Michele Ferrero, the proprietor of the global candy business Ferrero.

Education

Ferrero relocated to Brussels, Belgium, in 1975 to attend the European Schools.

He then relocated to the United States, where he attended Lebanon Valley College to study marketing.

Career

He returned to Europe after finishing his studies to work in the family business.

He and his brother Pietro became joint CEOs of Ferrero in 1997.

Giovanni served as co-CEO with his brother, Pietro, until his death in 2011 after a heart attack.

After his brother died in a bicycle accident in South Africa in April 2011, he became the only CEO of Ferrero Group.

Michele Ferrero, his father, continued as executive chairman.

Michele Ferrero died in 2015, leaving Giovanni Ferrero as the sole owner of the firm.

Nutella chocolate-hazelnut spread, Kinder chocolates, and Tic Tac mints are among the company’s most well-known products.

Ferrero stood down as CEO in 2017 but remained as executive chairman to concentrate on business strategy.

He took over as executive chairman in 2015 and held both the positions of CEO and executive chairman for two years until he appointed Lapo Civiletti to take over as CEO in 2017.

In January 2018, he paid $2.8 billion buying Nestle’s entire confections business in the United States.

Private & early life

Paola Rossi is Ferrero’s wife. They have two sons together.

Net worth statistics

  • March 2018 – $23.0 B
  • March 2019 – $22.4 B
  • April 2020 – $24.5 B
  • April 2021 – $35.1 B

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