Richest Men in the world 2019

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39 Giovanni Ferrero

Giovanni Ferrero Richest Men in the world 2019

Giovanni Ferrero is an Italian businessman. He assumed the leadership of the confectionery company Ferrero SpA after the death of his brother Pietro Ferrero in 2011.

  • 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.
  • In January 2018 he inked a deal with Nestle to acquire the company’s entire U.S. confections business for $2.8 billion.

However, he is ranked as the 39th-richest men in the world, with an estimated net worth of $22.4 billion.

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