Turin, Italy: Forbes has released its latest list of the world’s wealthiest individuals, featuring some expected names and a few surprises. Giovanni Ferrero, the owner of the renowned Ferrero confectionery company based in Alba, retains his position as Italy’s richest man. With a net worth of $43.8 billion, Ferrero ranks as the fourth wealthiest individual in Europe and the twenty-sixth worldwide.
One of the surprises in this year’s ranking is Giancarlo Devasini, a Turin native, who occupies the fourth spot on the list. Devasini, with a net worth of $9.2 billion, serves as the Chief Financial Officer and principal shareholder of Tether, a leading creator of stablecoins, cryptocurrencies pegged to the value of other assets.
Joining Ferrero and Devasini on the list is John Elkann, who maintains his position at thirty-eighth with a net worth of $2.8 billion. The list also includes Andrea Pignataro, the founder of Ion Group, and renowned fashion designer Giorgio Armani.
Forbes’ ranking highlights the continued success and wealth of Italy’s business elite, with a total of 73 Italian billionaires making the prestigious list.
