Ferrari, an iconic name in the automotive world, is not just a brand, it’s a symbol of luxury, speed, and Italian craftsmanship. The ownership of Ferrari is a topic of interest for many, as it represents a blend of rich history, prestigious motor racing heritage, and cutting-edge automotive technology. Today we’ll find out who owns Ferrari, looking at both the corporate structure and the key figures who have a major stake in the company.
Who Owns Ferrari Today?
Ferrari, the iconic luxury car brand, is no longer solely owned by the Ferrari family. Since its spinoff and initial public offering in 2016, the ownership structure of Ferrari has undergone significant changes. Let’s take a look at who owns Ferrari today:
1. Exor NV – The Largest Shareholder
With a stake of 24.05%, Exor NV is the largest shareholder of Ferrari. Exor NV is a company controlled by the Agnelli family, who are descendants of Giovanni Agnelli, one of Fiat’s original founders. Under the leadership of John Elkann, Exor NV plays a crucial role in shaping Ferrari’s future.
2. Piero Ferrari – A Legacy Holder
Piero Ferrari, the son of Enzo Ferrari, holds a significant 10% stake in the company. As the vice chairman of Ferrari, he carries on the legacy of his father and plays an important role in the company’s decision-making processes.
3. Public Ownership – A Significant Share
Since going public, Ferrari has become a company primarily owned by the public. Approximately 67% of Ferrari’s shares are held by public investors who bought them from the stock exchange. This broad distribution of ownership reflects the widespread interest and enthusiasm for the legendary brand.
Ferrari’s ownership today is a combination of Exor NV, Piero Ferrari, and the public investors. Each stakeholder contributes to the brand’s growth and continues the legacy of excellence associated with Ferrari.
Ferrari’s Ownership History
Let’s take a closer look at the key milestones and changes that have shaped the brand over the years.
1. Enzo Ferrari: The Solo Owner (1947-1969)
Enzo Ferrari, the legendary founder of Ferrari, started his journey after World War II. In 1947, he established his own company and became the sole owner. During this period, Enzo created iconic vehicles like the 166MM and the 330 P4.
2. Fiat’s Acquisition (1969-1988)
In 1969, Fiat acquired a 50% stake in Ferrari, bringing financial stability and resources for investment in new models. Enzo retained a 10% stake, maintaining his connection to the company. This partnership allowed Ferrari to expand its capabilities and solidify its position in the luxury car market.
3. Change and Loss (1988-2014)
Tragedy struck in 1988 when Enzo Ferrari passed away at the age of 90. However, Fiat increased its ownership to 90%, ensuring the brand’s continuity and ongoing success. Ferrari continued to produce innovative and powerful vehicles, captivating car enthusiasts worldwide.
4. Spinoff and Independence (2014-present)
In 2014, Fiat and Chrysler merged into Fiat Chrysler Automobiles (FCA). The following year, FCA sold 10% of Ferrari through a direct listing on the New York Stock Exchange, reducing its stake to 80%. Piero Ferrari, Enzo’s son, retained a 10% ownership.
Finally, in 2016, Ferrari was spun off from FCA, becoming a separate company once again. Each FCA shareholder received one Ferrari share for every 10 FCA shares they held. This move marked a new chapter for Ferrari, giving it the flexibility and autonomy to further innovate and thrive.
Owning a Ferrari is not just about owning a car; it’s about embracing a lifestyle and becoming part of an exclusive community of enthusiasts who share a deep appreciation for automotive excellence. So, whether you dream of owning a Ferrari or simply admire the brand from afar, you can be sure that Ferrari will continue to captivate and inspire for generations to come.
Frequently Asked Questions
Is there still a Ferrari family?
Yes, Piero Ferrari, the son of Enzo Ferrari, is still part of the Ferrari family and is currently the vice chairman of Ferrari. He also owns a significant stake in the company and other ventures.
Who bought Ferrari instead of Ford?
Instead of Ford, Italian automaker Fiat bought a majority stake in Ferrari after Enzo Ferrari decided not to proceed with a deal that would have seen Ford buy into the Italian brand.
What car is Ferrari discontinuing?
Ferrari is discontinuing production of the Portofino M hardtop convertible. It will be replaced by the Roma Spider.
Did Ford buy Ferrari?
No, Ford did not buy Ferrari. The deal between Ford and Ferrari fell through in 1963, causing embarrassment for Ford. Instead, Ferrari subsequently sold a majority stake to Fiat for much-needed capital.
Who is the heir of Ferrari?
Piero Ferrari, Enzo Ferrari’s son, is considered the heir of Ferrari. Additionally, Piero Ferrari’s daughter Antonella and his grandsons Enzo Mattioli Ferrari and Piero Galassi Ferrari have been appointed as trust beneficiaries.
Hi! I’m Larry Gibbs, studying mechanical engineering with a focus on cars. I really love Ferraris and write blog posts about the latest car stuff. When not studying or blogging, I’m usually on a road trip exploring new places. I also enjoy playing football and watching movies. Life’s an adventure, and I’m all about enjoying the ride!