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With the net worth of $28 Billion, Giovanni Ferrero is the # 46 richest person on earth all the time follow our database.
He was born in Farigliano, Italy, the son of Maria Franca Fissolo and Michele Ferrero, the owner of the multinational confectionery corporation Ferrero. In 1975, he moved to Brussels, Belgium, where he studied at the European Schools. Then he moved to the US, where he studied marketing at Lebanon Valley College.
On completing his studies, he returned to Europe to work in the family company. In 1997 he became joint CEO of Ferrero together with his brother Pietro.
In April 2011, after the death of his brother in a bicycling accident in South Africa, he became the sole CEO of Ferrero Group. His father, Michele Ferrero, remained as executive chairman.
Michele Ferrero died in 2015, leaving the company solely in Giovanni's hands.
American business magazine Forbes reported that Giovanni Ferrero then took over the role of executive chairman in 2015, and held both the titles of CEO and executive chairman for two years until he hired Lapo Civiletti to take over the company's CEO position in 2017.