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The wealthiest of Lebanon Valley College’s former students owes his fortune to the global popularity of a sweet chocolate and hazelnut spread.
Giovanni Ferrero, who studied marketing in Annville for several months in 1980-81, is, according to recent reports, worth more than $30 billion. That’s because Giovanni is the son of Maria Franca Fissolo and Michele Ferrero, the latter of whom invented Nutella in Italy in 1964 – the same year Giovanni, according to the Bloomberg Billionaires Index, was born in Farigliano, Italy.
According to EuropeanCEO.com, Nutella is one of Italy’s biggest exports, and a jar of the nutty goodness is sold every 2.5 seconds. ....

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