No. 41Italy
Giovanni Ferrero
Nutella, chocolates · Brussels
Net worth
$46.1B
Today
+$446+0.00%Past month
−$149M−0.32%As of Nov 11, 2026, 1:50 PM EST
Giovanni Ferrero is executive chairman of his family's namesake confections business, which boasts $20 billion in annual sales. 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. In 2025 it acquired WK Kellogg, the makers behind Corn Flakes and Rice Krispies, for $3.1 billion.
Net worth over time
−0.32%−$149M over the past month
$46B$46B$46B
Oct 12Nov 11
Principal holdings
1 positions| Company | Industry | Share | Value |
|---|---|---|---|
Private holdings | Food & Beverage | 100.0% | $46.1B |
Also known for
- Ferrero is a novelist who has published eight books.
“I strongly believe that attention to employees' needs, to their families, to their life even when they quit working, cements a social cohesion that is mutually beneficial.”