Nutella Billionaire Passes Away

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Confectionary Giant Michele Ferrero Mourned

The world’s richest confectionary maker who was behind the famous Nutella and Hazlenut spread, died aged 89.

Italian president Sergio Mattarella praised Ferrero as a leading figure of Italian industry claiming he was “always ahead of his time thanks to innovative products and his tenacious and reserved work”.

Ferrero’s family empire also brought the world Kinder Surprise, Tic-Tacs and Ferrero Rocher.

Forbes ranked Ferrero and his family 30th on its list of the world’s richest billionaires, worth $23.4bn (£15.2bn).

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