Silver Spoon: The 6 Richest Families in the World

No. 5 Michele Ferrero and family – $20.4 billion

Pietro Ferrero founded a chocolate business. After he died in 1950, one of his sons, Michele Ferrero took over the business and expanded it. Michele managed to turn Ferrero into one of the largest confectionery makers globally. Ferrero produces some of the most popular chocolate products worldwide, such as Ferrero Rocher chocolates and Nutella. Michele’s son Pietro Ferrero is currently the Chief Executive Officer of the entire Ferrero Group.