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Confectionery king and Nutella billionaire Michele Ferrero dies at 89


Italy

Confectionery king and Nutella billionaire Michele Ferrero dies at 89

Michele Ferrero, Italy’s richest man and the owner of a global chocolate and confectionery empire, has died aged 89.

He dreamt up a host of tasty goodies from Tic Tac sweets to Kinder eggs, not to mention the hugely popular Nutella chocolate-hazelnut spread.

The billionaire, who turned a provincial factory into what is widely seen as Italy’s most valuable privately-owned company, died at home in Monaco after months of illness, the group said in a statement.

Italian President Sergio Mattarella said he was deeply touched by Ferrero’s death, calling him a “born entrepreneur”.

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