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. He has a net worth of $30.8 billion as of September 2019, according to Bloomberg.. As of July 2020, American business magazine, Forbes reported Giovanni Ferrero has a net worth estimated at $26.3 billion, ranking him the 43rd richest person in the world and the richest person in Italy.

Early life

He was born in Farigliano, Italy, the son of Maria Franca Fissolo and Michele Ferrero, the owner of the multinational confectionery corporation Ferrero. In 1975, he moved to Brussels, Belgium, where he studied at the European Schools. Then he moved to the US, where he studied marketing at Lebanon Valley College.

Career

On completing his studies, he returned to Europe to work in the family company. In 1997 he became joint-CEO of Ferrero together with his brother Pietro.
In April 2011, after the death of his brother in a bicycling accident in South Africa, he became the sole CEO of Ferrero Group and his father, Michele Ferrero remained as executive chairman.
Michele Ferrero died in 2015, leaving the company solely in Giovanni's hands.
American business magazine, Forbes reported Giovanni Ferrero then took over the role of executive chairman in 2015, and held both the titles of CEO and executive chairman for two years until he hired Lapo Civiletti to take over the company's CEO position in 2017.

Publications

He is married to Paola Rossi. They have two sons.