A ugusto Perfetti, along with his late brother Giorgio, inherited the Perfetti confectionery company, a business founded by their father and uncle in Italy after World War II. The brothers transformed the family's candy and chewing gum business into a global behemoth, primarily through a landmark acquisition. While the company was already successful with brands in Italy, its global trajectory was sealed in 2001.
In that year, Perfetti acquired the Dutch confectionery company Van Melle, creating the Perfetti Van Melle group. This merger brought iconic brands like Mentos and Fruittella into their portfolio. Five years later, in 2006, they made another transformative purchase, acquiring the Spanish company Chupa Chups, famous for its lollipops. These acquisitions turned Perfetti Van Melle into one of the largest confectionery manufacturers in the world. Augusto and his brother have been famously reclusive, running their massive, privately held empire from their residence in Switzerland and avoiding any media publicity.
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Augusto Perfetti is an Italian billionaire heir and co-owner of Perfetti Van Melle, the third-largest confectionery manufacturer in the world. His family’s sweet fortune began in the challenging post-war period of Italy. The company was founded in 1946 in a small town near Milan by his father, Ambrogio, and uncle, Egidio, inspired by the chewing gum that American soldiers brought overseas during World War II.
Augusto and his brother, Giorgio, grew up immersed in the smells and tastes of the confectionery industry. The family’s first hit product was 'Brooklyn gum,' named after the Allied troops, which became immensely popular in the mid-1950s. This early success established the family’s wealth and allowed the brothers to inherit a stable, cash-rich business built on the high-volume, high-margin world of candy and gum.
Augusto Perfetti’s career has been one of strategic growth and consolidation, transforming the family’s Italian chewing gum business into a global confectionery giant. The pivotal moment came in March 2001 when Perfetti SpA acquired the entire outstanding shareholding of Netherlands-based Van Melle, creating Perfetti Van Melle (PVM), immediately positioning it as the world’s third-largest confectionery group.
PVM’s growth under Augusto’s stewardship (alongside his brother Giorgio) was characterized by relentless international expansion, building new manufacturing units across Europe and Asia, and, crucially, high-value acquisitions. In 2006, PVM acquired the Spanish company Chupa Chups, famous for its lollipops and the Smint brand, further diversifying its iconic portfolio, which includes Mentos and Airheads. Although the brothers are highly media-shy and no longer run the day-to-day business, their strategic direction ensured PVM's global footprint, generating billions in annual sales and securing their multi-billion dollar fortune.
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Perfetti company is founded by his father, Ambrogio, and uncle, Egidio.
Brooklyn gum becomes a popular hit in Italy.
Perfetti acquires Van Melle to form Perfetti Van Melle (PVM), the world’s third-largest confectionery group (Corporate Consolidation).
Mentos diversifies into a highly successful chewing gum product (Product Innovation).
PVM acquires Spanish lollipop maker Chupa Chups (Strategic Acquisition).
Takes delivery of his superyacht, Air, built by Feadship (Personal Asset).
PVM acquires Mondelēz International's gum business in North America and Europe (Global Expansion).
Augusto Perfetti’s wealth is rooted in his family’s controlling ownership of the private, global confectionery giant, Perfetti Van Melle (PVM).
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Augusto Perfetti and his family maintain an intensely media-shy profile, and their personal charitable endeavors are typically executed discreetly. Their social impact is primarily tied to the immense economic footprint of Perfetti Van Melle, which employs over 19,000 people in more than 39 countries globally.
The PVM Group is highly active in community programs related to education and health in the regions where their factories operate (e.g., establishing a new manufacturing unit in Nigeria in 2014). The family's wealth is a testament to the stability and scale achieved through generations of patient, strategic growth in the consumer goods sector.
Augusto Perfetti embodies the ultra-discreet, sophisticated style of a Swiss-based Italian billionaire heir. His attire is consistently high-end, tailored, and classic, favoring unostentatious European designer wear. His aesthetic is one of supreme privacy, reflecting his status as one of the most media-shy figures in the global confectionery business.
Residing in Lugano, Switzerland, his luxury is expressed through the private indulgence of superyachting and his Ferrari collection. His current 47-meter yacht, Air (named after one of the family’s gum brands), and his historical connection to the high-stakes yacht trading market underscore his affluence. His life is defined by the freedom of commanding a massive private fortune from a distance, enjoying a high-end, secure lifestyle outside of the public glare.
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+0.57% | +$24.58M
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