Richest Candyman on the Planet Dies on Valentine’s Day
Richest Candyman on the Planet’ Dies on Valentine’s Day – Michele Ferrero, Italy’s richest man and the owner of a global chocolate and confectionery empire, died on Saturday at the age of 89. The billionaire died at home in Monaco after months of illness, the group said in a statement.
His death opens the question of succession and potential tie-ups at the family-controlled Ferrero group, which has sales of around 9 billion and continued to grow through Italy’s longest recession since World War Two.
Ferrero dreamt up the chocolate-hazelnut Nutella spread, Ferrero Rocher pralines, Kinder eggs and Tic Tac sweets, turning a provincial chocolate factory into what is widely seen as Italy’s most valuable privately-owned company.
Forbes magazine described Ferrero as “the richest candyman on the planet”, putting him and his family in 30th place on their list of the world’s wealthiest people, with a net worth of $23.4 billion.
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