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Billionaire Nutella founder dies

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Michele Ferrero, the founder and patriarch of the Italian Nutella and Ferrero Rocher empire, died on Valentine's Day.

The 89-year-old had been battling an undisclosed illness, according to CNNMoney.

Forbes ranked Ferrero's wealth at $23.4 billion, calling him "the richest candyman on the planet."

Read more from CNNMoney.

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