Michele Ferrero is the richest candyman on the planet. Now 87, he is the patriarch of the family that owns the Ferrero Group, maker of Kinder and Ferrero Rocher chocolates, Nutella and Tic Tac. He inherited the company from his father Pietro, who started making a hazelnut spread called Nutella when cocoa was rationed during World War II. Michele expanded the company and it continues to grow under the leadership of his son, Giovanni. Giovanni's brother Pietro, had shared control of the company for more than a decade but died, reportedly of a heart attack, during a humanitarian mission to South Africa in 2011. The company earned $10.5 billion (7.8 billion euros) in revenue during 2012, up 8% from the previous year thanks to growth in Asia, Russia and the United States. That boost pushed up the value of the group, and the Ferrero family's net worth, $6 billion since last year.
Michele Ferrero
Age 88
Source Of Wealth chocolates
Residence Monte Carlo, Monaco
Citizenship Italy
Marital Status Married
Children 2
Michele Ferrero & family on Forbes Lists
#22 Billionaires
#1 in Italy
#23 in 2013
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