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[-] citrussy_capybara@hexbear.net 39 points 3 months ago

numbers as of april 2024

  • The collective fortunes of the Ferrero and Mars families, who own the two biggest private chocolate corporations, surged to $160.9 billion during the same period. This is more than the combined GDPs of Ghana and Ivory Coast, which supply most cocoa beans.
  • Lindt, Mondelēz, and Nestlé together raked in nearly $4 billion in profits from chocolate sales in 2023. Hershey’s confectionary profits totaled $2 billion last year.
  • The four corporations paid out on average 97 percent of their total net profits to shareholders in 2023.
[-] SpoopyKing 7 points 3 months ago
  • Ivory Coast GDP: $79.4B
  • Ghana GDP: $76.6B
  • Ivory Coast produced ~39% of global cocoa in 2022/2023 season
  • Ghana produced ~11% of global cocoa in 2022/2023 season
  • Mondelez net income: $5B
  • Mars net income: $6.5B
  • Nestle net income: $13.1B
  • Hershey net income: $1.5B

Data from Swiss Platform for Sustainable Cocoa and Wikipedia

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this post was submitted on 21 Aug 2024
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