Currently, the general public owns most of Ferrari: Public (67.09%). Exor N.V., who owns 22.91% of FCA, and Piero Ferrari each own 10%.
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Ferrari
The automaker is the subject of this essay. For Ferrari road-models built, see List of Ferrari road cars. Scuderia Ferrari is the name of the Formula One team. Ferrari, the 2003 biographical movie (film). Enzo Ferrari is the name of the founder. Ferrari has other uses as well (disambiguation).
In 1969, Fiat S.p.A. purchased 50% of Ferrari, and in 1988, it increased its ownership to 90%. Fiat Chrysler Automobiles (FCA), which at the time of the announcement owned 90% of Ferrari, said in October 2014 that it intended to separate Ferrari S.p.A. from FCA. The reorganization that made Ferrari N.V. (a Dutch business) the new holding company of the Ferrari S.p.A. group and the subsequent sale by FCA of 10% of the shares in an IPO and concurrent listing of common shares on the New York Stock Exchange marked the beginning of the separation in October 2015. The remaining parts of the split involved distributing FCA’s investment in Ferrari’s business among FCA shareholders, with Piero Ferrari continuing to retain 10% of it. The spin-off was finished on January 3, 2016.
The business has garnered attention for its ongoing involvement in racing throughout its history, particularly in Formula One, where it is the oldest and most successful racing team, having won the most constructors’ championships (16), as well as the most drivers’ championships (48). (15). Ferrari road vehicles are frequently regarded as a representation of riches, elegance, and speed. The 165,000 square meter (16.5 hectare) Maranello facility is where Ferrari automobiles are made. Ferrari was named the most powerful brand in the world in 2014 by Brand Finance. By market capitalization as of 2021, Ferrari ranks as the tenth-largest automaker at $52.21 billion.
The Ferrari Owners? The Sports Car Maker’s Journey to Going Public
Ferrari is an Italian luxury sports vehicle manufacturer and brand known for its prancing horse logo, Rossa Corsa (also known as “racing red”), and sex appeal. Ferrari is still involved in racing and is now a publicly traded company.
Enzo Ferrari, a businessman and race car driver, formed Ferrari in order to supply Alfa Romeo with race vehicles in Modena, Italy, in 1929. Alfa Romeo brought its racing division in-house in 1938, and Ferrari oversaw the new racing division for a brief period of time. When Enzo Ferrari departed Alfa Romeo in 1939, he established Auto Avio Costruzioni. Until Ferrari developed the Tipo 815 race car in 1940, the company made tools. Ferrari’s headquarters and production were transferred to Maranello a few years later, in 1943.
The first Ferrari-badged road car, the 125 S, wasn’t finished until 1947, when Enzo Ferrari began selling cars under his own name.
50% Purchased by Fiat (1969-1988)
Even more intriguingly, Ferrari immediately sold 50% of the business to Fiat after the unsuccessful negotiations with Ford. Some theories go so far as to claim that Enzo never truly intended to sell the business to Ford; instead, he merely used Ford as a prop to raise the price for the eventual sale to Fiat. Additionally, Fiat was more than willing to acquire the business in order to have access to its engines. Later, the Fiat Dino used a Ferrari engine.
In addition to receiving a significant payoff from the sale to Fiat, Enzo was also able to maintain control over his motorsports business.
Ferrari was able to utilise the components that Fiat was creating and developing as a result of its sale to Fiat. Using Fiat’s electronics, they were able to advance the performance of their automobiles (these were expensive to develop and manufacture). Fiat did not, however, provide the most dependable electronics on the market, which resulted in several electronic problems for Ferraris at this time.
Who else owns Ferrari if Ford doesn’t?
Let’s begin where we left off. In 1947, Ferrari was established. Enzo Ferrari, who gave it its name, was the owner at the time. Sports Car Digest claims that from 1947 until 1969, Enzo was the only proprietor of the business. Years after Ford tried to buy Ferrari, Ferrari sold 50% of the business to Fiat in 1969. Many people believe that Enzo “was never truly eager to sell the company to Ford, he only used them as a prop to boost up the price for the subsequent sale to Fiat,” according to Sports Car Digest.
When Enzo passed away in 1988, Fiat acquired an extra 40% of the company. The remaining 10% was given to Piero Ferrari, Enzo Ferrari’s son. Then, according to Sports Car Digest, an investor group purchased 5% of Ferrari from Fiat in 2005. At that point, Fiat was a division of the Fiat Chrysler Automobiles (FCA) corporation. FCA ultimately approved the sale, but later acquired the shares back, reuniting Ferrari with its Italian heritage.
FCA did, however, declare in 2015 that it would split Ferrari from the FCA Group. According to Sports Car Digest, Ferrari went public in 2016 with a $9 billion valuation. According to Sports Car Digest, institutional investors currently hold 59% of the corporation, while the general public has 30% of the car brand.
An independent Ferrari in phase eight (2016 – CURRENT)
The goal was to create a totally independent business that was not under Fiat’s supervision. Ferrari N.V., a new business founded by FCA, was organized as a holding company.
Piero Ferrari continued to control 10% of the new company when ownership was transferred to it. FCA issued 10% of its shares in an IPO at the same time on the New York Stock Exchange.
Ferrari became a separate corporation after the division was fully completed. All of this was finished by January 3, 2016.
Since that time, FCA’s ownership of the company’s shares has decreased from the remaining 80% to just 22.91%. The remainder was offered for public purchase on the New York Stock Exchange (NYSE).
Since 2016, Fiat has been an independent business and no longer owns Ferrari. The ownership was reorganized under the Ferrari NV holding company, with Piero Ferrari owning 10% of the stock (founders son). 22.91% of the shares are owned by Fiat Chrysler Automobiles, with 67.09% of those shares being publicly traded on the NYSE.
Who is the Ferrari family?
The Agnelli family, proprietors of the iconic Italian sports cars Ferrari and Juventus, have acquired a 24 percent share in the French high-fashion company Christian Louboutin, known for its red-soled shoes.
The Agnelli family’s Exor holding business is making the 541 million euro ($642 million) investment, which will give them two out of the board’s seven members.
The statement pointed to China and added, “Exor’s drive to growing great companies makes it an appropriate partner for Christian Louboutin at a time when this established brand is set to grasp major new potential.”
More than 150 locations are operated by Louboutin across 30 nations, and the company plans to expand its online presence.
John Elkann, the CEO of Exor, claimed in the statement that he was “quite eager to collaborate in order to hasten the growth of this innovative company. We have a similar family-oriented culture and set of values, which forms the cornerstone of our successful collaboration.”
In 1991, Christian Louboutin founded his company in Paris. His classy women’s shoes soon gained a following, and then he introduced lines for men.
The Economist Group, Shang Xia, PartnerRe, Ferrari, Stellantis, CNH Industrial, GEDI Gruppo Editoriale, and Exor are some of the oldest and biggest holding businesses in Europe, with assets under management estimated to be worth $29 billion.
Fiat still owns Ferrari, right?
No, but Ferrari once held a significant share in Fiat. In 1969, Fiat S.p.A., also known as the Italian Automobile Factory of Turin, acquired a 50% stake in Ferrari.
Is Ferrari a stand-alone business?
On January 3, 2016, the spinoff was fully completed, making Ferrari a stand-alone, publicly traded business. Exor NV, a business owned by ancestors of Giovanni Agnelli, a founding father of Fiat, is currently the only stakeholder of Ferrari. Piero Ferrari is still holding onto his 10% ownership. Marchionne served as CEO and chairman until his passing in July 2018.
The automaker’s headquarters are still in Maranello, Italy. Being a part of the sport ever since the modern era of Formula 1 began in 1950, it takes great satisfaction in being the oldest and one of the most successful racing teams in the sport’s history.
How much is a Ferrari owner worth?
Italian businessman Piero Ferrari has a $5.2 billion fortune. Enzo Ferrari’s sole surviving son is Piero, who is also his only sibling. In addition to being the organization’s vice chairman, Piero owns 10% of the Ferrari car firm. In addition, he owns little more than 13% of Ferretti Group, a global shipbuilding company. In October 2015, Ferrari began trading publicly. With the public offering, Piero achieved on-paper billionaire status. Between November 2021 and November 2015, the stock price of Ferrari more than doubled, and Piero’s net wealth surpassed $5 billion for the first time.
Because divorce was prohibited in Italy and Piero was born to his father’s lover Lina Lardi, he could not be recognized as a member of the Ferrari family until Laura, his father’s wife, passed away in 1978.
How numerous Ferrari owners are there?
Many of those individuals have owned many Ferraris. Let’s assume that three is the average. Let’s assume that 400,000 or so people have owned one. Given that there are approximately 8 billion people on the earth, roughly 1 person in every 20,000 owns one.
Who purchased the $70 million Ferrari?
You can get an idea of how much it actually costs to join this extravagant club by looking at some of the prior sales of GTOs during the past ten years. Chris Evans, a boisterous and animated British DJ and TV host, paid $17.7 million for a 250 GTO at RM Auctions in 2010.
One was purchased for $31.7 million by an unnamed buyer from a UK real estate agent in 2012. Craig McCaw, an American Telecoms typhoon, also bought one privately that year for $25 million to add to his collection of more than 400 vehicles. The following year, a GTO changed hands for a cool $52 million in another private transaction.
Then, in 2014, one of these incredibly sought-after vehicles was sold at auction by Bonhams for a second time, this time for $52 million. Three years later, former race car driver and antique car dealer Gregor Fisken paid $44 million to become a member of the exclusive GTO club.
If some of the aforementioned figures have you struggling for breath now, the events that occurred in 2018 will shock you even more. Because in same year a guy by the name of David MacNeil from Chicago, USA, the creator of the automobile accessory company WeatherTech, paid an eye-popping $70 million for a silver 1963 Ferrari 250 GTO (chassis number #4293GT). the most money ever spent on an automobile.
Let’s quickly review some of the items you could buy with $70 million (not including charity gifting or using the money to make the world a better place). You could purchase a 3,000-acre island in the South Pacific (close to Fiji) if you want some peace and quiet to unwind on and top off your tan. You could also purchase Richard Branson’s Caribbean Mansion on the gorgeous Necker Island if you’re interested in real estate. If you want to make some extra money, you can rent it out for $42,000 per night.
Or, if you’re a fan of football and would like to build your own stadium, you could design the seating yourself to ensure that you get the greatest seat in the house at every game. The immaculate 60ct Pink Star diamond, which comes from a South African mine, is also an option if you enjoy wearing jewelry. It would make a great addition to your home. You can also opt to direct and produce your own Hollywood hit if you enjoy watching movies. You could give yourself the lead role and the headlines, and you could even pick your co-star. What a wonderful idea that is!
In all honesty, it appears that the value of historic cars has increased significantly in the last few decades. First, there were significant increases in the 1980s, which were followed by significant decreases in the 1990s. A 250 GTO sold for only $2.7 million in 1994, and prices didn’t start to rise again until the late 1990s. They are still increasing today, and they are rising so quickly.
When will it end, is the obvious question. Or is it more conceivable that one of these expensive, rare Italian automobiles will soon be sold (Grimace) for $100 million?
What is it about this ancient, no-frills Italian race car that appeals to people so much?