Zuckerberg, smeared with Nutella: Ferrero surpasses him in the ranking of rich after sinking Meta

“Mirror, mirror”, the sorcerer might ask Mark Zuckerberg, 38 years old, in front of his reflection to find out who is the richest. And the answer would be that the boss and founder of Meta, which owns Facebook, is no longer even among the top 25 wealthiest on the planet. According to the Bloomberg Billionaires Index, which publishes the list of the 500 wealthiest people on the planet, the owner of Nutella exceeds that of Meta. Giovanni Ferrero (Farigliano, 58 years old) is the heir and CEO of the conglomerate that makes and sells the Nutella chocolate and hazelnut spread.

???? The #Nutella “is worth” more than #Facebook. Overtaking after the disappointing accounts of the web company: https://t.co/Zq5PQ2Drjc
?? The Italian entrepreneur #GiovanniFerrero surpasses the CEO of #Meta #MarkZuckerber in the ranking of billionaires of #Bloomberg. pic.twitter.com/cYOMxJ3tOM

— IlSole24ORE (@sole24ore) October 31, 2022

Disappointing results from Zuckerberg’s tech colossus have seen the Metaverse genius’ net income fall 52% in the third quarter of 2022. Meta includes Facebook, Instagram and WhatsApp, and its shares have plummeted on the stock market.

But while Zuckerberg’s commitment to the Metaverse has sunk his assets and his company, Ferrero’s business closed its last balance sheet with a consolidated turnover of 12.7 billion euros, the equivalent of an increase of 3.4% compared to the previous period. . In fact, the company has registered continuous growth in recent years and today has a presence in 170 countries, a total of 32 production establishments, and even increased (last year) the number of its employees, up to 38,767.

Giovanni Ferrero, whose headquarters are in the Piedmontese town of Alba, is thanks to this increase in his fortune the 25th richest billionaire in the world, with assets of 38.9 billion dollars (39.2 billion euros, according to the exchange rate). current), behind tycoons such as Amancio Ortega, the founder of Inditex, and Elon Musk, the founder of Tesla and first on the list. While Zuckerberg is now ranked 28th in the Bloomberg index. The boss of Meta has not only been overtaken by Ferrero, but has also been left behind by the brothers Alain and Gerard Wertheimer, from the company that produces the legendary Chanel perfume and now located at positions 26 and 27 on the list.