What is Augusto & Giorgio Perfetti's Net Worth?
Augusto & Giorgio Perfetti are Italian billionaire brothers who have a net worth of $7.5 billion. The Perfetti duo together own the Italian candy and gum manufacturer Perfetti Van Melle, founded by their father Ambrogio and Uncle Egidio Perfetti in 1946. Initially called Perfetti and headquartered in a small town near Milan, the company was the first to introduce chewing gum to Italians. It was in 2001, when Perfetti paid more than $900 million for Van Melle, the Dutch owner of Mentos, Fruittella and Airheads, and established under the name Perfetti Van Melle.
Ever since the company grew, and today it owns a major subsidiary in the USA, (Perfetti Van Melle USA), as well as many others in large markets worldwide. In 2006, it acquired Chupa Chupas, a Spanish company best known for its lollipops. As of today, the confectionery and gum maker employs 17,000 people via 30 subsidiary companies and distributes its products in over 130 countries. The press-shy siblings, who are Swiss residents, are no longer involved in any business operations.
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