Who owns Ferrari? Ferrari owns by Exor NV Company. Exor NV, a business managed by heirs of Giovanni Agnelli, one of Fiat’s founding founders, is Ferrari’s biggest single stakeholder today. Piero Ferrari still owns 10% of the company.
History of Ferrari Ownership
| Name | Ferrari |
|---|---|
| Company | EXOR |
| CEO | John Elkann |
| Founder | Giovanni Agnelli |
| Founded | 1927 |
| Headquarters | Amsterdam, Netherlands |
| Subsidiary | Ferrari S.P.A |
In addition to the prancing horse insignia, Rossa Corsa (the color “racing red”) and the Ferrari name are connected with sex appeal, luxury, and sex appeal. As a publicly traded corporation, Ferrari continues to compete in the world of racing.
Scuderia Ferrari was created in 1929 by Enzo Ferrari, a racing driver, and entrepreneur, to provide racing vehicles to Alfa Romeo. Alfa Romeo’s racing business was moved in-house in 1938, and Ferrari ran the new racing department for a brief period.
For the next two decades, Enzo Ferrari worked for Alfa Romeo before founding Auto Avio Costruzioni, a company that manufactured tools until the company created its first racing vehicle, the Tipo 815. It wasn’t until 1943 that the headquarters and factory of Ferrari were relocated to Maranello.
Until 1947, when Enzo Ferrari began selling vehicles under his name, Ferrari was not officially recognized as an automobile manufacturer.
Who is Pierro Ferrari?
The second son of Enzo Ferrari and owner of Ferrari, Pierro Lardi Ferrari, is named Pierro Lardi Ferrari Seventy-year-old millionaire Enzo Ferrari’s mistress Lina Lardi’s only heir is him.
He couldn’t have worked in his father’s firm back then since he was an illegitimate son. Furthermore, divorce was prohibited in Italy at the time, thus he couldn’t be considered a member of the family.
When divorce became legal in 1978, Pierro had a shot at inheriting Ferrari spA. Pierro Ferrari was fascinated with mechanics since he was a boy, and in 1964 he graduated from the Fermo Corni Institute in Modena with a degree in mechanical engineering.
He assisted his father in supervising the manufacture of automobiles for the road. Later, he became the head of the automobile racing department’s organizing committee. Pierro Ferrari became Vice President of Ferrari Spa after his father’s death in 1988.
Pierre Ferrari was named Piaggio Aero Engineering’s president in 1998 and subsequently received the Cavaliere del Lavoro medal in 2004 for his efforts. When his father died, he inherited his father’s 10 percent stake in the firm and its importance. As a result, he controls just a third of the firm, which is worth 4 billion dollars.
Who Owned Ferrari Previously?
Enzo Ferrari’s life story is worthy of a film, and so is the ownership history of this racing and sports car company.
The current owners of Ferrari are as follows:
| Shareholders | % of Shares |
|---|---|
| Exor N.V. | 24.05% |
| Mr. Piero Ferrari | 10.23% |
| T. Rowe Price Associates, Inc. | 4.33% |
| BlackRock, Inc. | 3.85% |
| Other public shareholders | 57.54 |
| Total Shares | 100 % |
Since its inception, Ferrari has been under the stewardship of Alfa Romeo. Scuderia Ferrari was the racing section of Alfa Romeo commanded by Enzo. This sparked a lifelong ambition for Enzo to design and build his automobiles. However, it wasn’t until the conclusion of World War II that he began to pursue his goal.
These are the most significant ownership changes from 1947 through 2021.
Enzo’s Sole Period of Ownership (1947-1969)
First, Enzo had a property that might be used for his automobile plant in 1947. For his first business venture, Ferrari was the only name he gave it. When he bought the business in 1947, he remained its sole proprietor until he died in 1969. Enzo built some of his most beautiful cars during this period, including the 166MM and the 1967 330 P4.
After 22 years of private ownership, tiny vehicle manufacturers began to feel the strain of large companies like Ford and Fiat, while dominating racing tracks and enjoying considerable commercial success. It was time to move on to the next phase of the project.
Fiat’s acquisition of 50% (1969-1988)
To add spice to the story, Ferrari sold a 50% stake in the firm to Fiat immediately after the unsuccessful discussions with Ford. Some have even speculated that Enzo never intended to sell the firm to Ford in the first place but rather did so to raise the price at which the company would subsequently be sold to Fiat. Fiat, on the other hand, was keen to acquire the business to have access to its engines. The Fiat Dino was subsequently powered with a Ferrari engine.
This move by Fiat allowed Enzo to retain control of his racing operation while still receiving a substantial financial windfall.
When Ferrari was sold to Fiat, it also gained access to Fiat’s components, which were being developed and manufactured. Their automobiles were able to reach new heights because of Fiat’s electronics (these were expensive to develop and manufacture). The electronics made by Fiat were not the most dependable on the market, and as a result, Ferraris of this period had several technical problems.
Fiat’s 90:10 Ownership Ratio (1988-2005)
In 1988, when Enzo Ferrari passed away, Ferrari was already regarded as one of the world’s most famous sports car manufacturers. The famous F40 was the last "Enzo certified" car.
Fiat substantially up their stake in the firm now that Enzo was gone. They acquired an additional 40% of the firm, bringing their total ownership to 90%. Piero, Enzo’s second son, received the remaining ten percent of the estate.
The F50 and the F355 Berlinetta were among the company’s most stunning creations during this period.
The 5 Percent of Mubadala’s Years (2005-2010)
Mubadala, an Abu Dhabi investment organization, sought to purchase 5% of Mediobanca in 2005. (an Italian Merchant Bank). Fiat was now listed on the New York Stock Exchange as a component of FCA (Fiat Chrysler Automobiles). They agreed to the 5 percent sale since the business was difficult at the time. Only one stipulation was placed on the sale. They might repurchase the remaining 5% of shares at any time.
At the end of 2005, FCA made 114 million euros on the sale of its 5% stake. When Mubadala bought a share in Fiat Group SpA in 2010, it had an option to purchase it back.
Fiat CEO Sergio Marchionne indicated that he wants to purchase back the 5% interest to restore the company’s original 90% shareholding.
The Return of Italian Ownership (2010-2015)
After the FCA Group purchased back the 5% of shares they sold to Mubadala, the firm was once again owned by Italians.
During this time, Fiat Chrysler Automobiles was looking to focus on an ambitious expansion plan, but it required financial support.
Stand-Alone Company (2015-2016)
FCA stated in October 2015 that Ferrari S.p.A. will be separated from the FCA Group.
To ensure the 2014-2018 Business Plan and proceed toward maximizing the value of their companies for their shareholders, Sergio Marchionne, CEO of FCA, indicated that pursuing a different route for Ferrari was necessary.
The Agnelli family, FCA’s largest stakeholder, kept a link between the two corporations. Around 25 percent of Fiat was held by the Agnellis, who are descendants of the company’s founder, Giovanni Agnelli.
Summary:
You can see that the corporation has undergone several ownership changes throughout the years. In terms of who owns Ferrari currently, considering that the firm is no longer privately held and is publicly listed, you too might own a piece of it.
Who Is the Current Owner of Ferrari?
Currently, Ferrari N.V. is an independent holding company, which was established on January 3rd, 2016. It was formed in the Netherlands and listed on the New York Stock Exchange (NYSE) with the ticker “RACE.”
Ferrari was valued at $9 billion and had a P/E ratio of 33 when it went public. The first public offering of FCA stock issued 17,175,000 shares or around 9% of the company’s total share capital. It was sold to FCA stockholders for the remaining 80% of what FCA held.
Even though it had a rough start to life on the New York Stock Exchange, it has subsequently returned quite successfully, with prices rising more than 450 percent since it hit its low point in early 2016.
What is Ford’s Relationship to Ferrari’s Ownership?
Enzo Ferrari founded Ferrari spA in 1963, and Henry Ford visited with Enzo Ferrari directly to present him with a business proposition to acquire the company.
Here are some interesting facts about Ford’s relationship to Ferrari’s ownership:
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During the auditing of Ferrari’s assets, Enzo Ferrari understood that accepting the transaction would not enable him to continue his job as the racing team’s chief executive officer.
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Thus, the agreement was nullified, and Enzo withdrew as a consequence of that fact.
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Enzo Ferrari sold a superior deal to Fiat SpA in 1969 for half of his company’s shares.
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A proposal to buy Ferrari spA from Enzo Ferrari was made by Henry Ford to the latter in 1963.
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Enzo Ferrari had launched the firm a few years earlier and it had already become well-known for its distinctive automobile models.
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Car and truck manufacturer Henry Ford felt the Ferrari spA would be a great addition to its lineup.
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Enzo Ferrari withdrew from the agreement when Henry Ford was auditing the Ferrari spA, even though the acquisition process was ongoing.
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Having come to terms with the fact that he would no longer be in charge of the Scuderia Ferrari team, he decided to resign.
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As a result, the agreement was scrapped, and Enzo Ferrari went on to strike a better deal with Fiat.
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In 1963, Ford attempted to acquire Ferrari spA, but Enzo Ferrari called off the purchase.
Frequently Asked Questions
Here are some FAQs related to Ferrari owner:
1. Who owns Ferrari right now?
Exor NV, a business managed by heirs of Giovanni Agnelli, one of Fiat’s founding founders, is Ferrari’s biggest single stakeholder today. Piero Ferrari still owns 10% of the company. until his death in July 2018, Marchionne served as chairman and CEO. Maranello, Italy, is still the headquarters of Ferrari.
2. Is FIAT a shareholder in Ferrari?
Shares in Ferrari are now being traded on the Italian stock market after Fiat Chrysler Group dispersed its 80 percent ownership in the supercar maker over the weekend. However, the Agnelli family, who created Fiat, still holds 24 percent of Ferrari’s equity.
3. Ferrari and Lamborghini are owned by who?
More automobiles are being sold than ever before by Lamborghini as a part of the Volkswagen Group (which includes Audi, Porsche, Bentley, and others). With just three models in production (the Urus, Huracan, and Aventador), there is currently a lack of variety.
4. Is Maserati owned by Ferrari?
Ferrari. Fiat, Maserati’s arch-rival, sold a 50% stake in the firm to Ferrari in July 1997. (Ferrari itself being owned by FIAT). Until 1999, Maserati was owned and operated by Ferrari. It was replaced with a new plant, which was erected in the 1940s.
5. Is there a single person that has the most Ferraris?
Mr. Phil Bachman, an American vehicle collector, has acquired an incredible 40 Ferraris in the last 30 years, making his collection one of the greatest in the world.
6. Who is the new owner of Bugatti?
Porsche and Rimac Group have formed a combine venture called Bugatti Rimac to manage the Bugatti and Rimac automobile brands. Porsche, a part of the Volkswagen Group, controls 45 percent of the new Bugatti Rimac venture, while Rimac Group owns the other 55 percent.
7. McLaren is owned by which company?
Bahrain Mumtalakat Holding Company, the Kingdom of Bahrain’s sovereign wealth fund, is now the biggest stakeholder in the McLaren Group. Bahrain’s royal family has a majority stake in McLaren, yet it is still a publicly traded firm.
8. Why does Lamborghini exist?
About the Volkswagen group, it owns several well-known automobile brands. A controlling stake in the Audi, Scania, and Porsche brands is presently held by Volkswagen; it also owns Skoda Auto, Lamborghini, and Ducati.
9. Mercedes-Benz is owned by whom?
Daimler AG, also known as the Daimler Group, owns the Mercedes-Benz Corporation. Daimler, even though Mercedes-Benz is their most well-known company, produces a broad variety of high-quality vehicles, buses, and motorbikes.
10. Where is Bugatti manufactured?
In 1998, Volkswagen Group acquired the Bugatti brand name and constructed a new manufacturing plant in Molsheim, France, the ancestral home of Bugatti founder Ettore Bugatti. Bugatti has relaunched itself as a luxury automobile manufacturer with the support of one of the world’s top manufacturers, just as it did in the early 20th century.
Conclusion
It’s safe to say that Ferrari is a highly sought after and well-known car brand with a fascinating past. However, there have been several myths concerning its owners throughout the years. Ferrari owners have a long and distinguished history, and it’s a joy to share this information.