In 2021, Giovanni Ferrero, Executive Chairman of the Italian confectionary company Ferrero S.p.A., ranked first in the yearly ranking of Italian billionaires, published by the American business magazine Forbes. With a total net worth estimated at 35.1 billion U.S. dollars, Giovanni Ferrero ranked ahead another Italian entrepreneur - Leonardo Del Vecchio, the founder of the largest eyewear company in the world, Luxottica, whose fortune amounted to 26 billion U.S. dollars.
A giant in the food industry
The name Ferrero is known worldwide for an enormous amount of branded chocolate and confectionery products. The company was founded in 1946 by Pietro Ferrero, father of Giovanni Ferrero. Ferrero S.p.A. has its headquarters in Piedmont, in the North of Italy, but their products have a strong presence all over the world. The estimated global market share of Ferrero is around 9.5 percent, fourth only to Mars, Mondalez International, and Nestlé.
Italian entrepreneur among the richest persons in the world
When compared to the global ranking of billionaires, the Italian businessman ranked 39th. In fact, Italy ranks among the countries with the largest number of billionaires in the world. In 2021, the title of the richest man on the planet went to Jeff Bezos, the founder and CEO of Amazon. The net worth of this Albuquerque-born entrepreneur was 189 billion U.S. dollars in 2021. The second place was achieved by one of the most visionary businessmen, Elon Musk, whose fortune was estimated at 182 billion U.S. dollars in 2021.
Forbes ranking of the ten richest people in Italy as of 2021
(in billion U.S. dollars)
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Forbes. (March 19, 2021). Forbes ranking of the ten richest people in Italy as of 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 02, 2022, from https://www.statista.com/statistics/729819/forbes-ranking-of-the-10-richest-people-in-italy/
Forbes. "Forbes ranking of the ten richest people in Italy as of 2021 (in billion U.S. dollars)." Chart. March 19, 2021. Statista. Accessed July 02, 2022. https://www.statista.com/statistics/729819/forbes-ranking-of-the-10-richest-people-in-italy/
Forbes. (2021). Forbes ranking of the ten richest people in Italy as of 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 02, 2022. https://www.statista.com/statistics/729819/forbes-ranking-of-the-10-richest-people-in-italy/
Forbes. "Forbes Ranking of The Ten Richest People in Italy as of 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 19 Mar 2021, https://www.statista.com/statistics/729819/forbes-ranking-of-the-10-richest-people-in-italy/
Forbes, Forbes ranking of the ten richest people in Italy as of 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/729819/forbes-ranking-of-the-10-richest-people-in-italy/ (last visited July 02, 2022)