2024 Monaco Billionaires NET WORTH
as of 3/4/19
$1.9 B
The firm is best known for its iconic Nutella chocolate-hazelnut spread, Kinder chocolates and Tic Tac mints. Michele Ferrero died in February 2015, leaving the majority of the business to his and Maria's son Giovanni, who now chairs the company. Giovanni and his brother, Pietro, had previously served as co-chief executives, until Pietro died in a biking accident in 2011. Giovanni stepped down as CEO in 2017. Maria, who lives in Monaco, is not actively involved in the business.