$26.5bn

Finweek English Edition - - IN BRIEF -

The es­ti­mated net worth, rep­re­sent­ing R307tr, of Nutella cre­ator Michele Fer­rero, who died on 14 Fe­bru­ary in Monte Carlo at the age of 89. The fam­ily-owned group owned other con­fec­tionary brands, in­clud­ing Fer­rero Rocher, Tic Tacs and Kin­der. The busi­ness was born in Fer­rero’s fa­ther’s pas­try shop in Italy the 1940s, while Fer­rero pro­duced the first Nutella, a spread of choco­late and hazel­nuts, in 1964.

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