How Michele Ferrero Made His Billions

With a net worth of $27.7 billion, Michele Ferrero is the mind behind Ferrero Group, the confectionary company known for its Nutella hazelnut spread and Ferrero Rocher confections.

Ferrero is an icon of success. He is the richest man in Italy and the 20th-wealthiest person on this planet, according to Bloomberg. His company does not hold a huge variety of products; Ferrero's knack has always been to identify opportunities and place successful new product concepts in the market and change the way people consume.

Ferrero's extremely low-key manner and minimal exposure to the press make him highly unreachable, but his actions speak more than his sparse words. Although Ferrero's day-to-day duties have diminished significantly since he made his sons CEOs in 1997, at 89 years old, he is still in charge of the most important part of the business: innovation.

From his early start in post-WW2 Italy to his decision not to over-expand beyond what he and his family could handle, the following slideshow presents Ferrero's most emblematic moves, showcasing how he was able to build one of the most successful chocolate companies in the world.

Find your own way to wealth
The smartest investors know that dividend stocks simply crush their non-dividend-paying counterparts over the long term. That's beyond dispute. They also know that a well-constructed dividend portfolio creates wealth steadily, while still allowing you to sleep like a baby. Knowing how valuable such a portfolio might be, our top analysts put together a report on a group of high-yielding stocks that should be in any income investor’s portfolio. To see our free report on these stocks, just click here now.



Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3022009, ~/Articles/ArticleHandler.aspx, 12/20/2014 3:07:30 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement