⬅ # 27 Ma Huateng|# 29 Zhang Yiming

# 28 Giovanni Ferrero 

$43.9B

Real Time Net Worth
as of 5/18/2024
$20.4M (0.05%)

# 28 Giovanni Ferrero 

$43.9B

Real Time Net Worth
as of 5/18/2024
$20.4M (0.05%)
OccupationChair, Ferrero SpA
Source of WealthNutella, Chocolates
Age59
ResidenceBrussels, Belgium
Marital StatusMarried
Children2
Age-Adjusted Net Worth$46.9B
Giovanni Ferrero
Giovanni Ferrero
Italy
Net worth: $43.9B

Self-Made Score 

Wealth History

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Biography

Giovanni Ferrero was born on September 2, 1964, in Farigliano, Piedmont, Italy.
He is an Italian businessman and the executive chairman of Ferrero Group, a global confectionery company known for brands like Nutella, Ferrero Rocher, and Kinder.
Giovanni Ferrero is the son of Michele Ferrero, the founder of Ferrero Group, and he inherited the company along with his brother Pietro Ferrero Jr. following their father's passing in 2015.
Under Giovanni Ferrero's leadership, Ferrero has expanded its product portfolio, acquired iconic brands like Thorntons and Nestle's U.S. confectionery business, and entered new markets globally.
He is known for his focus on innovation, introducing new products and adapting to changing consumer preferences in the confectionery industry.
Ferrero has placed a strong emphasis on sustainability, committing to responsible sourcing of raw materials and eco-friendly packaging.
Giovanni Ferrero has maintained a private profile, rarely making public appearances or statements.

How long would it take you to become as rich as Giovanni Ferrero?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Giovanni Ferrero's net worth of $43.9B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

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Giovanni Ferrero is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Giovanni Ferrero, Nutella and Chocolates are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey