Net Worth: $24.6BAge: 55Country/Territory: ItalySource: Nutella, ChocolatesIndustries: Food & Beverages
Giovanni Ferrero is executive chairman of his family’s namesake confections business. 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. In January 2018 he inked a deal with Nestle to acquire the company’s entire U.S. confections business for $2.8 billion.