Michele Ferrero

Michele Ferrero (born 26 April 1925) is the owner of the eponymous chocolate maker Ferrero SpA, one of Europe's largest with estimated 2012 sales of $19 billion. Ferrero, who was born in Dogliani, Italy, is Italy's richest person, with a personal wealth of $19 billion, surpassing Silvio Berlusconi in March 2008. As of October 2012, The Bloomberg Billionaires Index lists Ferrero as the 23rd richest person in the world with an estimated net worth of U.S. 22 billion. Brands include Nutella, Mon Chéri, Kinder Chocolate, Ferrero Rocher, Tic Tacs and Kinder Eggs.



Almost two-and-a-half years ago, a handful of journalists visited a chocolate factory at Alba in Italy. The factory is owned by confectionery giant Ferrero Group, that clocked revenues of e7.8 billion - or $10.7 billion at current exchange rates - in the year ended August 2012. What was so special about the visit? It was the first media interaction in the history of the company founded in 1946. And even then its reclusive billionaire owner, Michele Ferrero, declined to be interviewed.

Source: businesstoday.intoday.in | Date: 18th March 2014 Read more

Man in the News: Michele Ferrero

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/00baf512-db95-11de-9424-00144feabdc0.html#ixzz2uzuwNkAa For the Italian entrepreneur there is a famous rite of passage. Be they Gianni Agnelli or Silvio Berlusconi, once they have made their fortune they go on to acquire a yacht, then a football club, and then – if they have truly scaled the heights – comes a newspaper and political influence.

Source: www.ft.com | Date: 27th November 2009 Read more