Giovanni Ferrero

$42.87B

as of 06/30/24

About Giovanni Ferrero

Giovanni Ferrero is executive chairman of his family's namesake confections business, which posted $18 billion sales in 2023.

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.

Personal stats

Citizenship

Italy

Source of wealth

Nutella, chocolates

Residence

Brussels, Belgium

Marital status

Married

Birth date

09/21/64 (age 59)

Number of children

Self-made

inherited and growing