Who is Piero Ferrari?
Piero Ferrari is the 2nd son of Enzo Ferrari. He was born in May 1945. He is married to Floriana Nalin. They have 1 daughter, Antonella. His brother Dino Ferrari died in 1956.
Piero is Vice Chairman of Ferrari Spa, which was founded by his father. He currently owns 10% of the Ferrari shares. This makes him a billionaire
He is also a shareholder of the Italian yacht builder Ferretti Group.
Ferrari was founded by Piero’s father Enzo. In 1929 he founded the race team Scuderia Ferrari, which acted as a racing division for Alfa Romeo. He did not make cars yet.
Ferrari left Alfa Romeo in 1939 and founded Auto-Avio Costruzioni, a company supplying parts to other racing teams.
It wasn’t until 1947 that he founded Ferrari SPA and started making race cars. In 1950 Ferrari enrolled in the newly-born Formula 1 World Championship and is the only team to remain continuously present since its introduction.
Fiat S.p.A. acquired 50% of Ferrari in 1969 and expanded its stake to 90% in 1988. In 2015 Ferrari became stock-listed in New York. Piero still owns 10% of the company.
Piero’s older brother Alfredo Ferrari (nicknamed Alfredino or Dino) was the first son of Enzo. He was born in 1932 and died in 1956 due to Duchenne muscular dystrophy. His father created the Ferrari Dino as a tribute to his son.
Since 2016 Piero is a shareholder at the Ferretti Group. Ferretti is a yacht building company, with brands as Ferretti Yachts, Custom Line, Pershing, Itama, Riva, Mochi Craft, and CRN.
The group realizes sales of more than EUR 600 million, with a net profit of EUR 30 million. It 2019 it was announced that Ferretti would be stock listed in Milan. Piero owns 11% of Ferretti through his F Investments SA. Also his daughter Antonella is married to Ferretti CEO Alberto Galassi.
Piero receives a fee of EUR 400,000 per year for consultancy services.
In 1998 Piero became a shareholder at Piaggio Aero, one of the world’s oldest aircraft manufacturers. The company is known for the Piaggio P.180 Avanti business aircraft. In fact, Piero has owned several of these aircraft, all with the Ferrari logo. In 2015 he sold his shares to Mubadala Development Company. Unfortunately in 2018, the company went bankrupt.
Piero Ferrari Net Worth
Forbes estimates his net worth at $4.8 billion.
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