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Augusto Perfetti

Augusto Perfetti

A. Perfetti
0.29% | + $10.25M
$3.56 B ₹ 32,414 Cr
Real Time Net Worth #1184 Ranking as of 21 Feb 2026 By Forbes

More on Augusto Perfetti

Gender

Male

Age

79Y

Country

Italy

Born On

January, 1947

Deceased

No

Relationship Status

Unknown

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited (Massively Expanded)

Primary Organization

Perfetti Van Melle

Titles

Owner

Sources of Wealth

Perfetti Van Melle

Industry

Food & Beverage, Manufacturing, Confectionery

About Augusto Perfetti


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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Quick Reads


  • Co-owner of the global confectionery giant Perfetti Van Melle.
  • He and his late brother Giorgio inherited the family's candy business.
  • The company owns iconic brands like Mentos, Chupa Chups, and Airheads.
  • Orchestrated the acquisitions of Dutch candymaker Van Melle and Spanish lollipop maker Chupa Chups.
  • He is known for being extremely private and resides in Switzerland.

Early Life and Background


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.

Career Journey of Augusto Perfetti


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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Augusto Perfetti's Timeline


1946:

Perfetti company is founded by his father, Ambrogio, and uncle, Egidio.

1950s:

Brooklyn gum becomes a popular hit in Italy.

2001 (March):

Perfetti acquires Van Melle to form Perfetti Van Melle (PVM), the world’s third-largest confectionery group (Corporate Consolidation).

2005:

Mentos diversifies into a highly successful chewing gum product (Product Innovation).

22006:

PVM acquires Spanish lollipop maker Chupa Chups (Strategic Acquisition).

2011:

Takes delivery of his superyacht, Air, built by Feadship (Personal Asset).

2023:

PVM acquires Mondelēz International's gum business in North America and Europe (Global Expansion).

Major Business Ventures and Investments


Augusto Perfetti’s wealth is rooted in his family’s controlling ownership of the private, global confectionery giant, Perfetti Van Melle (PVM).

  • Perfetti Van Melle (Co-owner): The core private asset, a global powerhouse with iconic brands:
    • Mentos & Airheads: Global best-selling gum and candy brands.
    • Chupa Chups & Smint: Acquired in 2006, expanding their dominance in the lollipop and mint segments.
  • Asset Sales: He famously placed a 90-meter Lurssen superyacht, also named Air, under construction in 2005 but sold it mid-build to Suleiman Kerimov (who renamed it Ice), demonstrating shrewd, profitable asset trading.
  • Luxury Yachting: He is a passionate yachtsman and owns his own superyacht, Air, delivered by Feadship in 2011, named after the successful 'Air Action' chewing gum brand.
  • Ferrari Collection: He is known to be a collector of high-end automobiles, including a passion for vintage Ferrari cars.

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Philanthropy and Social Impact


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.

Fashion, Style, and Lifestyle


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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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • His yacht, Air, is named after the family’s successful 'Air Action' chewing gum brand.
  • He once sold a superyacht he was building to a fellow Russian billionaire, Suleiman Kerimov, who renamed it 'Ice'.
  • The family company started by producing gum inspired by American soldiers during WWII.
  • Perfetti Van Melle is the world's third-largest confectionery manufacturer.
  • The company acquired the Spanish lollipop brand Chupa Chups in 2006.
  • He and his brother, Giorgio, are known for their extreme media-shyness and reside in Switzerland.
  • The company's massive portfolio includes iconic brands like Mentos, Airheads, and Chupa Chups.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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