Michele Ferrero & family Net Worth

Michele Ferrero, born in 1925 in Italy, was the founder of the Ferrero Group, a global candy empire best known for its Nutella chocolate hazelnut spread. His father Pietro started the company during World War II, creating the spread from the region's plentiful hazelnuts due to rationed cocoa. After Pietro's death in 1949, Michele took over and aggressively targeted overseas markets while developing new brands and products. In 1987, Michele made his sons Pietro and Giovanni co-CEOs, and in 2011 Pietro died suddenly during a bicycle training ride in South Africa. Giovanni then stepped into the role of chief executive full time.
Michele Ferrero & family is a member of Food and Beverage

Age, Biography and Wiki

Birth Day	April 26, 1925
Birth Place	Italy
Age	95 YEARS OLD
Died On	14 February 2015(2015-02-14) (aged 89)\nMonte Carlo, Monaco
Birth Sign	Taurus
Residence	Monte Carlo, Monaco
Citizenship	Italian
Occupation	Owner of Ferrero SpA
Known for	Nutella, Mon Chéri, Kinder Chocolate, Ferrero Rocher, Tic Tacs, Kinder Eggs
Spouse(s)	Maria Franca Fissolo
Children	Pietro Giovanni
Parent(s)	Pietro Ferrero Piera Cillario
Website	www.ferrero.com

💰 Net worth: $26.5 Billion (2024)

Michele Ferrero & family, renowned as pioneers in the food and beverage industry in Italy, are anticipated to possess a staggering net worth of $26.5 billion by 2024. This wealth is a testament to their tremendous success in creating and developing globally beloved brands such as Nutella, Kinder, and Ferrero Rocher. With their extraordinary business acumen and commitment to quality, the Ferrero family has established an empire that has left an indelible mark on the global culinary landscape. Their unrivaled craftsmanship and dedication to providing delectable treats have endeared them to millions of consumers worldwide, solidifying their position as one of the wealthiest and most influential dynasties in the food and beverage sector.

2010 $17 Billion

2011 $18 Billion

2012 $19 Billion

2013 $20.4 Billion

2014 $26.5 Billion

2018 $26.5 Billion

Some Michele Ferrero & family images

Biography/Timeline

1925

Michele Ferrero was born on 26 April 1925 in Dogliani, the son of Pietro Ferrero, who founded the Ferrero company, and his wife Piera Cillario.

1962

Ferrero married Maria Franca Fissolo in 1962, and they had two sons together, Giovanni Ferrero and Pietro Ferrero Jr.

2008

He was the richest person in Italy, with a personal wealth of $26bn surpassing Silvio Berlusconi in March 2008. In May 2014, the Bloomberg Billionaires Index listed Ferrero as the 20th richest person in the world.

2011

From 1997, his sons, Giovanni Ferrero and Pietro Ferrero, co-led the company. Pietro died on 18 April 2011, after an accident in South Africa. Giovanni became the sole CEO.

2015

He was a fervent Catholic. Ferrero visited the Lourdes shrine annually, and had a Madonna placed in every factory and office. Ferrero died on 14 February 2015, at his home in Monte Carlo, Monaco. He was 89.

Tags:

1925 births 2015 deaths Businesspeople in confectionery Italian billionaires Italian businesspeople Italian Roman Catholics Italian expatriates in Monaco People from Monte Carlo Ferrero family