The famous Italian entrepreneur originally from Dogliani – Michele Ferrero – known for his sweet empire Ferrero, also couldn’t resist that particular charm of the Principality and moved here.
He is the son of Pietro Ferrero, the founder of the eponymous confectionery company with sales of around 6 billion dollars in 2007. Michele succeeded his father in 1949.
He has created some of the brand’s best known products, such as Nutella, Mon Chéri, Ferrero Rocher, Tic tac and Kinder. It was Michele Ferrero who took the company from a family business to an international company. In particular, he developed the manufacturing process for the famous hazelnut spread.
Michele retired in 1997, leaving the business to his children: Giovanni and Pietro.
He was the richest man in Italy, his fortune being estimated at 18 billion dollars.
In 2015, Michele had passed away in the Princess Grace hospital in Monaco at the age of 89. Prince Albert II himself was present at the burial ceremony.