Italian media reported that the 89-year-old billionaire ‘Mister Nutella’ for some time was ill. Ferrero is laid out in Alba, in the northwestern Italian region of Piedmont where he comes from.
The headquarters of the Ferrero Group is also in Piedmont. There went Ferrero’s parents, Pietro and Piera Ferrero, in the years make forty in their pastry hazelnut paste, because the chocolate by the war was so scarce.
The recipe underwent changes and Michele took the case, now a factory in 1949. In 1964 Michele launched the family recipe as Nutella. The family from Piedmont had launched in 1956 Mon Chéri. In 1968 Kinder Chocolate, Tic Tac a year later and Ferrrero Rocher in 1982.
The Ferrero Group, where 34,000 people work in 53 countries, is one of the most successful Italian private companies ever. It has also continued to grow in the most recent crisis. Since 1991 the company has doubled its turnover in the Netherlands, for example, according to the company website. Ferrero has an office in Breda.
With over 20 billion Ferrero was possibly the richest Italian. The family motto is’ work, create and display ” and the latter is expressed according to Italian media money for charity and relatively good working conditions for employees. Italian President Sergio Mattarella and Prime Minister Matteo Renzi have praised Ferrero and his family, including widow Maria Franca, condolences. His son Giovanni has previously succeeded him as leader of the company
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