Michele Ferrero, Italy's richest man and the owner of the global chocolate and confectionery empire Ferrero, has died - on Saturday aged 89, the company said (news in via Reuters).
|Michele Ferrero - photo via Forbes.com|
Ferrero dreamt up the chocolate-hazelnut Nutella spread, Ferrero Rocher pralines, Kinder eggs and Tic Tac sweets, turning a provincial chocolate factory into what is IItaly's most valuable privately-owned company.
The billionaire died at home in Monaco after months of illness, the group said in a statement.
Italian President Sergio Mattarella said he was a "born entrepreneur".
Ferrero's son Giovanni became chief executive of the chocolate empire after his older brother Pietro, the chosen heir, died of a heart attack in 2011 while cycling in South Africa.
Forbes magazine described Ferrero as "the richest candyman on the planet", putting him and his family in 30th place on their list of the world's wealthiest people, with a net worth of $23.4 billion.
RIP, Michele. You know how much the world adores you, and what you created.
In homage, here is a vid on the ten best ways to use Nutella: