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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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.
Charles Camilleri
The company’s current CEO is Louis Camilleri. He began his career as a business analyst for various different companies, but in the 1970s, when he joined Phillip Morris Europe, he became well-known. In 2002, he was appointed CEO of Phillip Morris, and in 2007, he took over as CEO of the company’s spinoff brand, Philip Morris International. Currently, Camilleri has a net worth of more than $132 million.
On July 21, 2018, the company’s board of directors appointed Camilleri as CEO. Due to his deteriorating health, the previous CEO, Sergio Marchionne, resigned. On the same day, John Elkann was appointed chairman.
GO BACK TO THE STARTING POINT
When the first Ferrari rolled out of the iconic factory gate on Via Abetone Inferiore in Maranello in 1947, the company’s history officially began. The 125 S, as it was known, represented the creator of the company’s zeal and tenacity.
Enzo Ferrari passed away on August 14, 1988, and he was born in Modena on February 18, 1898. He spent his entire life to creating sports automobiles, both on and off the track. After being appointed an official Alfa Romeo driver in 1924, he founded the Scuderia Ferrari on Viale Trento Trieste in Modena five years later, helping largely gentlemen drivers race their automobiles.
Enzo Ferrari was named the leader of Alfa Corse in 1938 but resigned from the position in 1939 to found his own business, Auto Avio Costruzioni, which was based in the former Scuderia facilities.
Two of the 1,500 cm3 8-cylinder 815 spiders made by this new business were constructed for the 1940 Mille Miglia.
The Second World War put an end to all racing operations, nevertheless, and in late 1943 Auto Avio Costruzioni relocated from Modena to Maranello. Ferrari created the 1,500 cm3 12-cylinder 125 S near the close of the war, and Franco Cortese drove it to victory on May 11, 1947, at the Piacenza Circuit.
It won the Rome Grand Prix at the Terme di Caracalla Circuit on the 25th of the same month. Since that critical day, Ferrari has amassed more than 5,000 victories on racetracks and public roads throughout the globe, solidifying its status as a modern legend. Enzo Ferrari sold the Fiat Group a 50% ownership in the business in 1969, and that percentage increased to 90% in 1988 in order to satisfy rising market demand.
The present ownership of Ferrari is as follows: 90% Fiat Group, 10% Piero Ferrari. The shareholders decided to revive the faltering business after the founder passed away in the late 1980s, and in 1991 they appointed Luca di Montezemolo as Chairman.
Under his direction, Ferrari regained its dominance in Formula 1, introduced a number of new models, and entered a number of new markets while maintaining its key principles from the past. Ferrari also started Formula Uomo, a significant redevelopment project that puts workers firmly at the center of corporate life by providing a bright, safe, cutting-edge, and environmentally friendly workplace.
Ferrari currently holds the following titles in motorsport: 15 F1 Drivers’ World Championships, 16 F1 Constructors’ World Championships, 14 Sports Car Manufacturers’ World Championships, 9 Le Mans 24 Hours victories, 8 Mille Miglia victories, 7 Targa Florio victories, and 216 F1 Grand Prix victories.
Ferrari’s fabled emblem has a heroic history. A highly distinguished Italian World War I aviator named Francesco Baracca originally used it as a personal symbol by having it painted on the plane’s fuselage.
Baracca’s parents volunteered to let Enzo Ferrari use the Cavallino Rampante (Prancing Horse) emblem after the war. It became the emblem for his racing team, the Scuderia, which he topped with the Italian tricolor and displayed on a yellow shield in recognition of his city of Modena.
However, in the early years of the 20th century, the International Automobile Federation simply designated Italian grand prix cars with the color known as Ferrari red.
Who is the current Ferrari owner?
Who currently owns Ferrari? FIAT Chrysler Automobiles (FCA) reorganized to create Ferrari N.V. as the holding company of the Ferrari Group, and then sold 10% of its shares and allocated the remaining 80% to FCA stockholders. Piero Ferrari held 10% of Ferrari and still does (son of Enzo)
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.
How wealthy is the Ferrari owner?
In order to return Piaggio to its roots as a designer and manufacturer of commercial aircraft, Ferrari partnered with Jose Di Mase and acquired Piaggio Aero Engineering in 1998. The candidate for president is Ferrari. When he sold the last 1.95% of his shares to Mubadala Development Company in 2015, he announced his resignation. The relationship paid off since the following year, Ferrari was able to convince Mubadala to become the Ferrari Formula One Team’s title sponsor.
In addition, Ferrari serves as the chairman of HPE COXA, a business he established in 1998 to offer top-notch engineering services in the mechanical industry. COXA, a manufacturing company created in 1985 that specialized in the high precision production of small volumes and prototypes, was bought by HPE in 2009.
His 10% ownership in Ferrari after the company went public on October 21, 2015, was worth US$1.1 billion.
He was placed at 838 on Forbes’ list of the world’s billionaires in May 2019 and had a net worth of $3.1 billion. Additionally in 2019, he purchased the 50m “RACE,” the first mega yacht built by Riva, which served as the foundation for the Ferretti Group’s new superyacht sector.
With a net worth of $3.4 billion, he was placed by Forbes at 680 on the list of the world’s billionaires in April 2020.
Ferrari’s wealth?
Perhaps, even in these difficult economic times, million-dollar sports cars can be profitable investments.
In May, the market valuation of Italian exotic manufacturer Ferrari rose to $30 billion, outpacing that of far larger automakers like Detroit’s General Motors, Ford, and even Ferrari’s erstwhile parent, Fiat-Chrysler.
Investors seem to think the high-end luxury sports car manufacturer is a decent investment at a time when economies and cultures all around the world are in upheaval due to the coronavirus outbreak.
The business enjoys high margins of roughly 24%, a long history in racing, and a well-known brand image.
Prior to its first public offering, which was completed in 2016, Ferrari’s late former Chairman and CEO Sergio Marchionne estimated the company’s valuation at about $11 billion. Today, its market capitalization is about three times that amount. Some analysts at the time believed the company was only worth around half what Marchionne predicted.
Ferrari had a $9.8 billion market value when it went public in 2015. Early in 2016, Ferrari completed the spin-off from FCA.
Marchionne thought Ferrari’s worth would be mostly driven by its illustrious brand. Selling automobiles, in his words, was “nearly incidental” to the value of Ferrari.
The business has long imprinted its brand on goods like apparel and watches. It even has a theme park of its own in Abu Dhabi.
Ferrari has admitted that using the name to market clothing or other products is dangerous. Ferrari can lose its reputation as a high-end brand if it puts its recognizable prancing horse insignia on inferior products.
The company, according to analysts who watch it, seems to be using a rigorous approach to marketing and carefully selecting partners and items. For instance, in 2019 Ferrari partnered with upscale Italian clothing brand Giorgio Armani.
Analysts claim that deals like this provide Ferrari the opportunity to utilize its brand while upholding its distinction and honoring its Italian history.
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.
Lamborghini versus Ferrari, who is wealthier?
The starting retail price for a Ferrari nowadays is about $230,000. The cost of a Gallardo ranges from $181,900 to $248,000, while the suggested retail price of a Lamborghini Aventador is $379,700.
The Ferrari family still exists, right?
The only living descendant of Ferrari founder Enzo Ferrari is 75-year-old Piero Ferrari. In 2015, when the manufacturer of luxury sports cars went public, he first attained billionaire status.
Who among the famous owns a Ferrari?
List of well-known people who drive Ferraris, ordered by notoriety and appeal. It’s no secret that famous people enjoy driving luxurious vehicles. Many well-known persons own a model of each high-end car available. A lot of athletes, musicians, and actors also drive Ferraris. Some celebrities fork over extra cash to have their Ferraris fitted with the best equipment and unique features.
Who is the most well-known Ferrari owner? We rank Lindsay Lohan at the top. The Ferrari California belongs to the Mean Girls actress. A black Ferrari 458 Spider and a Ferrari 458 Italia are among the many vehicles that Justin Bieber owns. Even Tyler, the Creator, a rapper and friend of Bieber, was motivated by him to get a Ferrari F12.
Numerous notable musicians also drive Ferraris. Eric Clapton, the singer well known for his song “Layla,” has a special Ferrari SP12 EC that was created from a Ferrari 458 Italia. Ozzy Osbourne, a member of Black Sabbath, owns a Ferrari 458 Italia. The drummer for Pink Floyd, Nick Mason, owns a Ferrari 458 Italia. Elvis Presley and John Lennon both drove Ferraris. Eddie Murphy, David Beckham, and Arnold Schwarzenegger are a few other well-known individuals who drive Ferraris. Some of these celebrities even own Ferrari Enzos.
Are you awed by how many well-known people drive Ferraris? If you had the money, would you ever buy a Ferrari? Comment with your ideas in the space provided.