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Michele Ferrero
Italian entrepreneur (1925–2015)
This article is about the Italian chocolate maker. For the priest, see Michele Ferrero (priest).
Michele Ferrero (Italian pronunciation:[miˈkɛːleferˈrɛːro]; 26 April 1925 – 14 February 2015) was an Italian billionaire businessman.
He owned the chocolate manufacturer Ferrero SpA, Europe's second-largest confectionery company (at the time of his death),[1] which he developed from the small bakery and café of his father in Alba, Piedmont. His first big success was adding vegetable oil to the traditional gianduja paste to make the popular spread Nutella.[2]
Early life
Michele Ferrero was born on 26 April 1925 in Dogliani,[3] the only child of Pietro Ferrero, who founded the Ferrero company, and his wife Piera Cillario.[4]
Career
Ferrero joined the firm in 1949.[5]
He was the richest person in Italy, with a personal wealth of $26bn[6] surpassing Silvio Be
