Giovanni Ferrero
Source of wealth: Nutella, chocolates
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Biography
Giovanni Ferrero is executive chairman of his family's namesake confections business, which boasts $20 billion in annual sales.
The firm is best known for its iconic Nutella chocolate-hazelnut spread, Kinder chocolates and Tic Tac mints.
Giovanni served as co-CEO with his brother, Pietro, who died of a heart attack in 2011.
In 2017 he stepped down as CEO but stayed on as executive chairman to focus on corporate strategy.
Ferrero acquired Nestle's entire U.S. confections business in 2018 for $2.8 billion.
In 2025 it acquired WK Kellogg, the makers behind Corn Flakes and Rice Krispies, for $3.1 billion.
Perspective on their fortune
Gold
Everyday luxury
A Giovanni Ferrero's fortune is equivalent to 328 of gold, but this may be difficult to value, as we don't usually have a handful of gold bars in our piggy bank.
A standard gold ring typically weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18k gold.
Based on today's gold price (not taking into account the jeweler's fee, shipping, or anything else), that gold ring would be worth $556.3
Giovanni Ferrero could buy 87,419,554 gold rings. That's a lot of fingers and a lot of gifts!!
And if the number of rings is difficult to visualize, all these rings would need 16 trucks to transport them, But we can be almost certain that Giovanni Ferrero will have enough left over to pay for the gas for those trucks.
Health
The price of life
Let's compare Giovanni Ferrero's fortune with the healthcare spending of a huge country
Giovanni Ferrero could fund the entire healthcare system of DR Congo with a population of over 105,800,000 of inhabitants for approximately 21.9 years.
But even if we compare their fortune to that of a rich country
At the other extreme, Giovanni Ferrero could cover the health expenditure of Luxembourg, considered the world's most heavily invested health system, for 9.7 years
Education
Buying the future
Lowest education spending
Giovanni Ferrero could assume the entire cost of the education system of Nigeria, the most populous country in Africa, with more than 243,000,000 inhabitants for 14.3 years.
Highest education spending
But not only could he assume the cost of a poor country, Luxembourg is considered the country with the highest per capita investment in education in the world, Giovanni Ferrero could pay for it in full for 19.5 years.
Research
The monopoly of progress
Lowest research spending
Giovanni Ferrero could fully fund the state research budget of Pakistan, the fifth most populous country in the world with more than 260,000,000 of inhabitants, for 81.9 years.
Highest research spending
But even if we compare the total wealth of Giovanni Ferrero with Israel, the country that currently invests the most per capita in research in the world, it could assume the total cost of the system for 1.8 years.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison