25 Richest Billionaires in Food and Beverage Industry

2. Giovanni Ferrero

Net Worth as of June 3: $43.4 billion

Giovanni Ferrero ranks 2nd on our list of the richest billionaires in the food and beverage industry. He is the executive chairman of Ferrero Group, a leading manufacturer of chocolate and confectionery products. Some of the top brands of the company include Nutella, Kinder, Tic Tac, and Ferrero Rocher. Giovanni Ferrero has served as a co-CEO along with his brother. He stepped down as CEO in 2017 but stayed as the executive chairman. In 2018, his firm acquired the entire US confections business of Nestle for $2.8 billion. His net worth is $43.4 billion, as of June 3.