Michele Ferrero & family
Food and Beverage

Michele Ferrero & family Net Worth

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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

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.

Some Michele Ferrero & family images

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

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.