Giovanni Ferrero Explained

Giovanni Ferrero
Birth Date:21 September 1964
Birth Place:Farigliano, Italy
Education:European Schools
Occupation:Businessman
Executive chairman, Ferrero SpA
Spouse:Paola Rossi
Children:2
Parents:Michele Ferrero
Maria Franca Fissolo
Alma Mater:Lebanon Valley College
Known For:Richest person in Italy
Relations:Pietro Ferrero (grandfather)
Pietro Ferrero Jr. (brother)

Giovanni Ferrero (pronounced as /it/; born 21 September 1964) is an Italian businessman and writer. He assumed the leadership of the confectionery company Ferrero SpA after the death of his brother Pietro Ferrero in 2011. His personal fortune is estimated at $43.8 billion in 2024 according to Forbes, making him the 26th richest in the world, and richest person in Italy.[1] [2]

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.

Education

In 1975, he moved to Brussels, Belgium, where he studied at the European Schools.[3] Then he moved to the US, where he studied marketing at Lebanon Valley College.[4] [5]

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. His father, Michele Ferrero, remained as executive chairman.[6] [7]

Michele Ferrero died in 2015,[8] leaving the company solely in Giovanni's hands.

American business magazine Forbes reported that 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.[9]

Publications

Personal life

Ferrero is married to Paola Rossi.[10] They have two sons and reside in Berchem-Sainte-Agathe, just outside Brussels.

References

Notes and References

  1. Web site: Giovanni Ferrero . 2024-05-04 . Forbes . en.
  2. Web site: Forbes Billionaires 2024 . 2024-05-04 . Forbes . English.
  3. Web site: Archivio Corriere della Sera . Archiviostorico.corriere.it . 2016-05-19.
  4. Web site: International Entrepreneur Giovanni Ferrero To be Honored at NIAF Gala in Washington, D.C. - The National Italian American Foundation . Niaf.org . 2016-05-19.
  5. Web site: Giovanni Ferrero, laurea ad honorem all'Università di Parma . Parmadaily.it . 2016-05-19.
  6. Web site: Morto in Sudafrica Pietro Ferrero, ad del gruppo della Nutella - Corriere della Sera . Corriere.it . 2016-05-19.
  7. News: John Hooper . Ferrero unwrapped: Italy's secretive confectioner opens its doors | Business . . 2016-05-19.
  8. News: Stout. Hilary. 2015-02-16. Michele Ferrero, Tycoon Who Gave the World Nutella, Dies at 89 (Published 2015). en-US. The New York Times. 2021-01-13. 0362-4331.
  9. Web site: Giovanni Ferrero. 2020-10-09. Forbes. en.
  10. Web site: Cattedrale gremita per la Messa in memoria di Michele Ferrero - Gazzetta d'Alba - Dal 1882 il settimanale di Alba, Langhe e Roero . Gazzettadalba.it . 2016-05-19.