Bloomberg Billionaires Index

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# 427 Piero Ferrari $5.62B

Random fact: Ferrari World is the largest indoor theme park.


Ferrari is vice chairman of Ferrari, the Italian sportscar maker founded by his father Enzo in 1947. He owns 10% of the Maranello-based business, which makes more than 7,000 supercars a year. These include the 458 Spider that has a top speed of 199 miles per hour. The company had revenue of 4.3 billion euros ($5 billion) in 2021.

As of :
Last change +$15.1M ( +0.3%)
YTD change +$1.01B ( +21.9%)
Biggest asset RACE US Equity
Country / Region Italy
Age 77
Industry Consumer
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Piero Ferrari's net worth of $5.62B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Ferrari's fortune is derived from his 10% stake in publicly traded Italian sportscar maker Ferrari NV. His stake in the Maranello-based company is reported in the company's 2020 annual report.

Ferrari received 280 million euros as part of a share restructuring that took place before the listing, according to the prospectus. The value of his cash investments is based on an analysis of asset sales, dividends, market performance, taxes and charitable contributions.

He also owns about 4% of publicly traded Italian yacht-maker Ferretti SpA.

Ferrari founded closely held precision engineer HPE-Coxa in 1998. The Modena-based company isn't included in his net worth calculation as financial information isn't disclosed.

Ferrari declined to comment on his net worth.


Family: Unknown, No children

Piero Ferrari was born in Castelvetro in Modena, Italy on May 22, 1945. He was the son of racing driver Enzo, who founded carmaker Ferrari SpA in 1947, and his mistress Lina Lardi, according to a 2004 profile in the Guardian. Piero wasn't able to carry the family name until Enzo's wife Laura died in 1978. His elder step-brother Alfredo died of muscular dystrophy in 1956.

His father died on Aug. 14, 1998, passing a 10% stake in Ferrari to Piero, who became vice-chairman of the group. At the same time Fiat, who'd bought half the company in 1969, exercised an option to raise its stake to 90%. While Fiat reduced its stake to as low as 51% before rebuilding its stake to 90%, Piero has never reduced his stake.

Luca di Montezemolo became chairman of Ferrari in 1991, returning the marquee to predominance in Formula One, winning five consecutive world championships between 2000 and 2004, and coming up with new models. He left in October 2014, the same month that Fiat announced it would spin-off the company and list it on the U.S. stock market.

  • 1898 Father Enzo Anselmo Ferrari is born on outskirts of Modena, Italy.
  • 1945 Piero Ferrari is born in Castelvetro in Modena, Italy.
  • 1951 Company wins first Formula One championship.
  • 1969 Fiat buys half of Ferrari.
  • 1978 Father's wife Laura dies, enabling him to take Ferrari name.
  • 1988 Father Enzo dies. Inherits 10 percent stake in Ferrari.
  • 1991 Luca di Montezemolo becomes president of Ferrari
  • 2014 Di Montezemolo leaves Ferrari.