The Italian billionaire family behind Ferrero, famous for its Nutella chocolate, receives €750 million in profits. This is evidenced by the annual accounts of Schenckenberg Holding Company. This amount is due to 75% of Giovanni Ferrero (59 years old), the grandson of Nutella inventor Pietro Ferrero. The powerful family man has been living in the Brussels area for years.
According to the business newspaper De Tijd, the amount is included in the annual accounts recently published by Schenkenberg. The Italian family runs their confectionery empire with the Luxembourg company located above Ferrero International. Dividends are about the same as last year. Then it reached 765 million euros.
Through dividends, a company distributes a portion of its profits to its shareholders. Since Giovanni Ferrero, who lives on Saint Genesius Road, owns about 75 percent of the holding company, he may be entitled to three-quarters of the amount, equivalent to approximately 563 million euros.
Since the tragic death of his brother Pietro in 2015, Giovanni Ferrero has remained alone at the helm of the Nutella empire, which also owns the Ferrero Rocher, Tic Tac and Kinder chocolate brands. The company has 32 factories worldwide, employs approximately 40,000 employees, is present in 170 countries and has a turnover of €12.7 billion.
Assets 40 billion euros
The fortune of Giovanni Ferrero (58 years old) is estimated at about 40 billion euros, according to Forbes. He has succeeded in achieving this in a maze of companies spread as far as the British Virgin Islands. However, the chocolate baron would have no interest in Ferraris, luxury yachts or private jets. He has a passion for travel, especially in Africa, and for writing. He has already published several novels.
Read also:
Is Nutella the best nut or is it better to buy another jar? Dominic Pearson tests 10 brands (+)
With a fortune of 40 billion, he is the richest Italian in the world, yet the “Nutella” man Giovanni Ferrero lives in Belgium: “always discreet and practically not to be seen on the street” (+)
look. The Nutella shake has been a hit on social media
Free unlimited access to Showbytes? Which can!
Log in or create an account and never miss a thing from the stars.
“Total coffee specialist. Hardcore reader. Incurable music scholar. Web guru. Freelance troublemaker. Problem solver. Travel trailblazer.”
More Stories
European stock markets open lower beursduivel.be
Favorable advice for Metro 3 to Bordeaux, but a long list of conditions
Bitcoin is going through a “very boring” period, but it probably won’t last much longer