Giovanni Ferrero: Is there a single family office?

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 products Nutella. With the acquisition of Nestle’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 largest family offices in Europe.

Fedesa S.A.M: The Monaco-based Ferrero family office

The 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 or 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 Office.

Update 2024: As of today the focus of CTH Invests lays on the blockchain technology. The Giovanni Ferrero Family office invests in three areas with the aim of generating the highest possible dividends from the sector. First through venture capital investments as well as econdary markets and finnaly through infrastructure investments.

Picture source: Ari Duthil via Unsplash