Piero Ferrari Net Worth

Piero Ferrari, born on May 22, 1945 in Modena, Italy, is the Vice Chairman of Ferrari SpA and the sole heir of the world's most powerful brand. He became a billionaire when Ferrari N.V. listed its shares in October 2015, owning a 10% stake as part of a spin off from Fiat Chrysler. Piero was not legally recognized as part of the Ferrari family until the death of Enzo's wife Laura in 1978, and is now the only son of the founder of the luxury race car company, Enzo Ferrari. He also serves as the chairman of HPE and COXA, two automotive engineering services companies.
Piero Ferrari is a member of Automotive

Age, Biography and Wiki

Birth Day May 22, 1945
Birth Place Modena, Italy, Italy
Age 78 YEARS OLD
Birth Sign Gemini
Occupation Vice chairman of Ferrari Chairman of HPE COXA
Known for Ferrari
Board member of Ferrari Ferretti Group
Spouse(s) Floriana Ferrari
Children Antonella Ferrari

💰 Net worth: $5.5 Billion (2024)

Piero Ferrari, widely recognized as an influential figure in the automotive industry in Italy, is reported to have an estimated net worth of approximately $5.5 billion by 2024. As the son of the iconic Enzo Ferrari, Piero inherited a substantial stake in the famed company, Ferrari S.p.A. His involvement has been pivotal in steering the brand towards its continued success. With his extensive knowledge and experience, Piero Ferrari has played a crucial role in upholding the legacy of his father, ensuring the brand's global prominence and financial prosperity.

2016 $1 Billion
2017 $1.6 Billion
2018 $2.76 Billion

Biography/Timeline

1970

Piero Ferrari obtained a degree in engineering at the University of Modena and Reggio Emilia. In the mid-1970s he started working for Ferrari, first as an English translator for his Father, and then as supervisor of the production of road cars and co-organiser of the racing department. In 1988, when Enzo Ferrari died, as he was the sole heir of the Ferrari family, he was nominated vice chairman.

1975

His mother was Enzo's mistress, Lina Lardi. As divorce was illegal in Italy until 1975, he could not be acknowledged as a Ferrari family member until the death of Enzo's wife, Laura, in 1978. His legitimate half-brother, Dino, died in 1956 of muscular dystrophy.

1998

Ferrari is the chairman of HPE COXA, a company he founded in 1998 with the aim of providing high end engineering services in the mechanical field. In 2009 HPE acquired COXA, a Manufacturing firm founded in 1985 and specialized in the high precision Manufacturing of niche volumes and prototypes.

2004

Ferrari was awarded the title of Cavaliere del Lavoro in 2004.

2015

Following Ferrari's IPO on 21 October 2015, his 10% stake was valued at US$1.1 billion.

2016

On 28 April 2016 he entered into the Ferretti Group with 13.2% of shares.

2017

In May 2017 he was ranked by Forbes at number 1151 in the world's billionaires list with a net worth of $1.95 billion.