
Rated 4.67 out of 5 €1.499,99 including VAT This article directly stems from the research process for our European single family office database. Our list of European single family offices includes the most important family investment vehicles that invest in various areas, such as financial markets, real estate, venture capital, private equity and renewables. Where does Giovanni Ferrero`s wealth come from?Giovanni Ferrero is the heir to the Italian Ferrero empire. Ferrero has run the family business since 2011. In 2017, Ferrero stepped down as CEO, but he remains involved with the company as executive chairman, focusing on corporate strategy. With an estimated net worth of over $43 billion in 2024, he is one of the richest Italians. The Ferrero company was founded in 1946 in Alba, Italy, and had an annual turnover of over €18 billion in 2023. The company offers a range of confectionery products, including the well-known children’s product Nutella. With the acquisition of Nestlé’s entire US confectionery business for €2.8 billion, Ferrero has further expanded its business.Our research team investigates in this article if there is a Ferrero family office, which would belong to the .Fedesa S.A.M.: The Monaco-based Ferrero family officeThe Ferrero fortune is managed through Monaco-based Fedesa S.A.M., which employs dozens of financial professionals. In addition, Giovanni Ferrero invests in private equity acquisitions of biscuit manufacturers through Brussels-based CTH Invests. The company was founded in 2016 and owns brands such as Delare and Ferrara. The company, funded by Ferrero, is planning further investments. Ferrero also invests in agriculture and alternative investments through Luxembourg-based Teseo Capital. Therefore, there are multiple Giovanni Ferrero Family Offices.Update 2024: As of today, CTH Invests focuses on blockchain technology. The Giovanni Ferrero Family office invests in three areas to generate the highest possible dividends from the sector. First through venture capital investments, as well as secondary markets and finally through infrastructure investments. Picture source: via Unsplash
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