Michele Ferrero & family: Michele Ferrero & family Net Worth, Biography, Age, Spouse, Children & More

About Michele Ferrero & family

Michele Ferrero, an emblematic Italian billionaire who transformed his father's bakery into Ferrero SpA, the powerhouse behind confections like Nutella and Ferrero Rocher, passed away at 89 in Monte Carlo, Monaco, on February 14, 2015. Born in Dogliani, Italy, in 1925, Ferrero's innovative spirit led him to enrich gianduja paste with vegetable oil, creating the beloved Nutella. Ascending to Italy's wealthiest status in 2008 with a $26 billion fortune, he was globally recognized by the Bloomberg Billionaires Index as the 20th richest in May 2014. Ferrero's commitment extended beyond business, evident in his annual pilgrimages to Lourdes and honoring factories with Madonna statues. His legacy lives on through Ferrero's household brands and his family, to whom he passed on his ethical and entrepreneurial spirit.

Born

April 26, 1925 in Dogliani, Piedmont, Italy

Died

February 14, 2015 (aged 89)

Source Of Wealth

Chocolates

Citizenship

Italy

Spouse

Maria Franca Fissolo

Children

Pietro, Giovanni

Parent

Pietro Ferrero, Piera Cillario

Michele Ferrero was born on April 26, 1925, in Dogliani, Italy. He was the only child of Pietro Ferrero, the founder of the Ferrero company, and Piera Cillario.

Michele Ferrero & family: Family

Michele Ferrero married Maria Franca Fissolo in 1962. They had two sons together, Giovanni and Pietro Jr.

Michele Ferrero & family: Career Highlights

Michele Ferrero joined the Ferrero company in 1949. He became the richest person in Italy with a personal wealth of $26 billion, surpassing Silvio Berlusconi in 2008. He was ranked as the 20th richest person globally by the Bloomberg Billionaires Index in May 2014.

Ferrero's brands include Nutella, Mon Chéri, Kinder Chocolate, Ferrero Rocher, Tic Tacs, and Kinder Eggs. He co-led the company with his sons, Giovanni and Pietro, from 1997. He became the sole CEO after Pietro's death in 2011.

Michele Ferrero & family: Companies

Michele Ferrero was the owner of Ferrero SpA, Europe's second-largest confectionery company. He developed the company from his father's bakery and café in Alba, Piedmont. He achieved success by adding vegetable oil to traditional gianduja paste to create Nutella.

Michele Ferrero & family: Major Achievements

Michele Ferrero turned Ferrero SpA into a global confectionery giant. He is credited with creating some of the world's most popular chocolate brands, including Nutella, Kinder Chocolate, and Ferrero Rocher.

Michele Ferrero & family: Awards & Achievements

Michele Ferrero received numerous awards and recognitions for his contributions to the food industry. He was knighted by the Italian government and was also awarded the Knight of the Order of Merit for Labour and the Knight Grand Cross of the Order of Merit of the Italian Republic.

Michele Ferrero & family: Personal Life & Legacy

Michele Ferrero was a devout Catholic who visited the Lourdes shrine annually and placed a Madonna in every factory and office. He passed away on February 14, 2015, at his home in Monte Carlo, Monaco, at the age of 89.

Michele Ferrero & family: Trivia

Michele Ferrero was a keen cyclist and often rode his bike to work.

He was also a fan of opera and classical music.

Wealth History

Timeline

April 26, 1925

Michele Ferrero is born in Dogliani, Italy.

1949

Michele Ferrero joins the Ferrero company.

1962

Michele Ferrero marries Maria Franca Fissolo.

1971

Michele Ferrero is awarded the Knight of the Order of Merit for Labour.

1997

Michele Ferrero co-leads the Ferrero company with his sons, Giovanni and Pietro.

2005

Michele Ferrero is awarded the Knight Grand Cross of the Order of Merit of the Italian Republic.

2008

Michele Ferrero becomes the richest person in Italy, surpassing Silvio Berlusconi.

May 2014

Michele Ferrero is ranked as the 20th richest person globally by Bloomberg Billionaires Index.

February 14, 2015

Michele Ferrero passes away at his home in Monte Carlo, Monaco, at the age of 89.

Michele Ferrero & family : FAQs

What is Michele Ferrero's net worth?

As of 2014, Michele Ferrero's net worth was $26.50 billion.

What are Michele Ferrero's main sources of wealth?

Michele Ferrero's main source of income comes from Chocolates.

Is Michele Ferrero dead?

Yes, Michele Ferrero died on February 14, 2015 (aged 89).

How many children does Michele Ferrero have?

Michele Ferrero has 2 children.

Who was Michele Ferrero and why is he famous?

Michele Ferrero was an Italian billionaire businessman known for being the owner of Ferrero SpA, Europe's second-largest confectionery company. He famously developed Nutella, adding vegetable oil to traditional gianduja paste, transforming his father's bakery into a global confectionery empire.

What is the history of the Ferrero company's success?

The Ferrero company achieved its success under Michele Ferrero's leadership by creating innovative products like Nutella. Beginning with his father's bakery and café in Alba, Piedmont, Michele expanded the company into a leading confectionery brand known for products such as Ferrero Rocher, Kinder Chocolate, and Tic Tacs.

How did Michele Ferrero become Italy's richest person?

Michele Ferrero became Italy's richest person in 2008 with a personal wealth of $26 billion, surpassing Silvio Berlusconi. His wealth was primarily due to the global success of his confectionery company, Ferrero SpA.

What were some key milestones in Michele Ferrero's career?

Michele Ferrero joined the family business in 1949, later becoming the richest person in Italy and the 20th richest globally by 2014. He co-led Ferrero with his sons after 1997 and became sole CEO in 2011 after his son's death. His leadership saw the expansion of Ferrero's product line to include world-renowned brands.

Can you tell us about Michele Ferrero's personal beliefs and his later years?

Michele Ferrero was a fervent Catholic, known for his annual visits to the Lourdes shrine and for placing a Madonna in every factory and office. Married to Maria Franca Fissolo in 1962, he had two sons. Michele passed away on February 14, 2015, in Monte Carlo, Monaco, at the age of 89. He was also honored as a knight for his contributions to Italy and its economy.