Economy

Once again Giovanni Ferrero is the richest man in Italy

Once again Giovanni Ferrero is the richest man in Italy. This was acknowledged by Forbes magazine, which constantly updates the rating of billionaires in real time. The CEO of the Ferrero Group closes 2021 at the top thanks to $33.3 billion in assets, nearly six billion more than it was twelve months ago, when he was still at the top of the rankings. In second place, Leonardo del Vecchio: owner of EssilorLuxottica was enriched more than anyone else last year, from $24.7 billion to $32.9 billion.

Ferrero and Del Vecchio occupy 37th and 39th places in the ranking of the world’s richest people. I’m also 7th and 8th in Europe, behind LVMH founder Bernard Arnault. Stefano Pessina (CEO of Walgreens Boots Alliance pharmacy) took third place – in relation to the Italian ranking – with assets of $9.5 billion.

The confectionery giant Alba, led by Giovanni Ferrero, continues to grow internally, thanks to its acquisitions: the most recent dates back to last summer, when it bought Burton’s Biscuits Company in the UK, a historical company with well-known brands. New balance sheet statements will be released in the coming weeks. Last year, Ferrero International ended the fiscal year on August 31, 2020 with consolidated revenue of €12.3 billion, up 7.8% over the previous year. The multinational company of Alba consists of 105 consolidated companies worldwide, 31 production plants and an average workforce of 34,121 employees.

Thelma Binder

"Explorer. Devoted travel specialist. Web expert. Organizer. Social media geek. Coffee enthusiast. Extreme troublemaker. Food trailblazer. Total bacon buff."

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