39 Giovanni Ferrero
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.