Michele Ferrero, Nutella owner and Italy's richest man, dies aged 89

February 15, 2015 1:33 PM

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Michele Ferrero, Nutella owner and Italy's richest man, dies aged 89

ROME: Billionaire Michele Ferrero, who became Italy's richest man with a confectionery empire built on his popular Nutella spread, died Saturday at the age of 89.

"I have learnt with emotion of the passing of Michele Ferrero, a true entrepreneur, known and loved in Italy and abroad," Italian President Sergio Mattarella said in a statement.

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