The DuckyDee as Formaggio videos got me thinking about the character's ancestry, and since JoJo has a lot of references to real world events, I came up with this theory:
Formaggio is of partial African descent. How? Between 1890 and 1941, Italy colonized numerous countries in Africa (Libya, Somalia, Eritrea and Ethiopia), and at some point, his (great-)grandparents moved to Italy to either escape political turmoil (or maybe they were just interested in Italian culture). After they had children and grandchildren, Formaggio was born!
(Here are the videos I was referring to:
https://youtu.be/cTeqd8gYdGM?si=1Dh9sJetoYOrwTdG
https://youtu.be/r2WHQeiZPEg?si=yzHNbowgG0A8Cocb)