Who are Augusto & Giorgio Perfetti?
Augusto & Giorgio Perfetti are Italian billionaire brothers with a net worth of $7.5 billion. They own Perfetti Van Melle, an Italian candy and gum manufacturer founded by their father and uncle in 1946. Perfetti Van Melle owns several major subsidiaries worldwide and distributes its products in over 130 countries.
The company was initially called Perfetti and was headquartered in a small town near Milan. It was the first to introduce chewing gum to Italians. In 2001, Perfetti paid over $900 million for Van Melle, the Dutch owner of Mentos, Fruittella and Airheads, and established the company under the name Perfetti Van Melle.
The company continued to grow, acquiring Chupa Chupas, a Spanish company best known for its lollipops, in 2006. Today, the confectionery and gum maker employs 17,000 people via 30 subsidiary companies.
The Perfetti brothers are Swiss residents and are no longer involved in any business operations. They are press-shy and keep a low profile.
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