Giovanni Ferrero – $43.8 billion (Ferrero)​ (Forbes Australia)

Giovanni Ferrero attends the opening of the Kinder + Sport pavilion in partnership with the Italian Olympic Commitee (CONI) on May 4, 2015 during the Universal Exhibition 2015 (Expo Milano 2015 or World Exposition 2015) in Milan. AFP PHOTO / GIUSEPPE CACACE (Photo credit should read GIUSEPPE CACACE/AFP via Getty Images)

In terms of significant deals and projects, Giovanni Ferrero has overseen strategic acquisitions that have propelled Ferrero’s growth and competitiveness. Notably, the acquisition of iconic brands like Thorntons and Nestlé’s U.S. confectionery business have further solidified Ferrero’s market presence. Throughout these endeavors, Giovanni Ferrero has upheld the legacy of his grandfather, Michele Ferrero, the visionary founder of the company, whose innovative spirit continues to inspire Ferrero’s success.