The Italian dynasty behind Nutella is poised to get a €642 million dividend from their main holding company, regulatory filings show.
Payouts of this magnitude have helped make the Ferreros the world’s 25th richest family, according to the Bloomberg Billionaires Index. The Ferreros manage their money through Monaco-based family office Fedesa, which invests in stocks, credit, private equity, venture capital and hedge funds, according to employees’ LinkedIn profiles.The Ferrero fortune can be traced to a family pastry shop in northern Italy that used hazelnuts as a way to stretch limited cocoa supplies.
The company introduced the Nutella and Kinder Chocolate brands in the 1960s and then expanded with products including Tic Tac mints and Ferrero Rocher.
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