Introduction
Giovanni Ferrero is an Italian entrepreneur and owner of the world’s third-largest chocolate producer. He helms the Ferrero Group alongside his brother, Pietro. Giovanni was born into a humble family, so he began his career as a big wheel ice cream seller in southern Italy.
His drive and enthusiasm to succeed led him to grow the family business with bold innovations such as Nutella, Kinder Surprise, and Tic Tac mints. Together with his brother, Giovanni has crafted a charismatic brand that brings joy to candy lovers from coast to coast around the globe.
It is said that their “secret ingredient” for success lies in keeping operations in the family: all two dozen executives within their organization are related by blood or marriage!
Early Life
Giovanni Ferrero, a noted Italian chocolate tycoon, was born on August 10, 1942, in Dogliani, Italy as the son of Franca Fissolo and Michele Ferrero. His father owned a small pastry shop which led him to take an early interest in baking and the confectionary industry.
With his older brother, Michele, he grew up learning about candy-making from a young age. Mentored by his mother, Giovanni gained invaluable knowledge from her kitchen expertise, which was key in eventually shaping his leadership skills.
Net Worth
The Italian Ferrero family is among the wealthiest families in the world, largely reflecting the success of their namesake confectionery empire led by Giovanni Ferrero. Listed as Italy’s third-richest individual, Giovanni has an estimated net worth of almost $45.2 billion. He is ranked amongst the world’s billionaire elite with a fortune built on products like Nutella and Kinder Surprise.
As heirs to one of Europe’s largest confectionery empires, much of the wealth is held in trust for Giovanni’s three children. His entrepreneurial vision has seen his family rise up both Forbes’ lists and paved the way for them to be considered some of the most powerful and influential people on the planet.
Trivia
Giovanni took over as CEO of the company in 1997 and has since grown Ferrero Rocher, Kinder Surprise Eggs, and Kinder Bueno into an international snack sensation.
He is also behind the rise of Tic Tac, another popular candy brand owned by the family. Giovanni has also ventured outside of chocolate in recent years, acquiring companies like Fizzy Candy Co., Fererro World Travel Retail (FWTR), and K+K Adventa chain stores.
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