Michele Ferrero

Michele Ferrero

[table border=”0″]Net Worth, $20.4 Billion,,,
Source of Wealth, Owner of Ferroro S.p.A.,,,
Nationality, Italian,,,
Age, 88,,,[/table]

Michele Ferrero was the long-time chairman of Ferrero S.p.A. until handing control of operations to his two sons in 1997. Michele Ferroro currently resides in Monte Carlo, but is considered Italy’s richest man through his nationality and a member of the List of Billionaires from his net worth.

Founded by Michele Ferrero’s father, Pietro, in 1946, Ferroro S.p.A. was initially created to market Nutella, an invention of Pietro. However, it was not until Michele took control of the company that it expanded into a global corporation with famous brands including Nutella, Ferrero Rocher, Kinder Eggs and Tic Tacs.

Like Michele Ferrero, Ferrero S.p.A. is not one to enjoy the spotlight. Since its founding in 1946, for example, the company has never held a press conference and even employs an in-house engineering and design department to build its confection-making machines.

Michele Ferrero is considered Italy's richest man even though he currently lives in Monte Carlo! With that kind of notability, it's no wonder how he made the list of billionaires by the Business Rich.

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