Piero Ferrari is an Italian business magnate and heir to the Ferrari automobile empire. Born on May 22, 1945, in Castelvetro di Modena, Italy, he has carved a name for himself in the world of luxury cars and entrepreneurship.
As the son of Enzo Ferrari, the legendary founder of Ferrari S.p.A., Piero inherited not only his father’s passion for automobiles but also a substantial fortune.
With his sharp business acumen and dedication to upholding the Ferrari name, Piero Ferrari has played a pivotal role in shaping the brand’s success and global recognition. His unwavering commitment to innovation, coupled with his strategic vision, has elevated the Ferrari brand to new heights, making it synonymous with luxury, performance, and unparalleled craftsmanship.
‘Driving’ Success: Piero Ferrari’s Net Worth
Piero Ferrari’s net worth is estimated to be an impressive figure, given his significant stake in the Ferrari company. As per Forbes, his real-time net worth is estimated to be 6.4 billion U.S. dollars. This staggering fortune can be attributed to his ownership of 10% of Ferrari S.p.A., which he inherited after his father’s passing.
Piero Ferrari achieved billionaire status following the listing of Ferrari’s shares on the New York Stock Exchange in October 2015.
He reached this milestone when the company underwent a spinoff from Fiat Chrysler, making Ferrari a separate publicly traded entity. The successful listing further solidified Piero’s financial standing and reinforced the global recognition and value of the Ferrari brand.
Piero Ferrari Career Acceleration
After the tragic loss of Alfredo “Dino” Ferrari, Enzo Ferrari’s first son, to muscular dystrophy in 1956, Piero Ferrari became the sole inheritor of the Ferrari legacy. Piero Ferrari’s journey in the automotive industry began with a passion for mechanics that ignited while spending time at a local bike repair shop near his mother’s residence in Modena.
After graduating from the Fermo Corni Institute with a degree in mechanical engineering in 1964, he started working informally for the family business, initially as an English translator.
By 1974, Piero Ferrari took on a role as a co-organizer in the Formula One team, collaborating with sporting directors Daniele Audetto and Luca Cordero di Montezemolo. As a supervisor of road car production he played a key role in the development of iconic models like the Ferrari F40, F50, and LaFerrari, contributing to their concept creation and realization.
In 1989, he was appointed vice chairman of Ferrari by then-president Vittorio Ghidella. Piero’s involvement in the company reached a significant milestone in 2013 when, at the Chinese Grand Prix, he collected the trophy on behalf of the team after Fernando Alonso’s victory.
As the vice chairman and 10% owner of Ferrari, Piero Ferrari upholds the legacy and heritage of the prestigious luxury race car brand founded by his father. His dedication to the company’s success and his deep involvement in various aspects of its operations continue to shape the future of Ferrari as a global automotive icon.
Beyond the ‘Prancing Horse’: Piero Ferrari’s Diversified Ventures & Partnerships
Piero Ferrari, renowned for his association with the iconic Ferrari brand, has made significant contributions not only as the son of Enzo Ferrari but also through his diverse business ventures. One notable aspect of his career is his involvement in the aviation industry.
In 1998, Ferrari, alongside José Di Mase, acquired Piaggio Aero Engineering, with the shared vision of revitalizing Piaggio as a leading designer and manufacturer of business aircraft. This venture marked a pivotal moment for Ferrari as he assumed the role of president.
However, in 2015, he decided to step down from his position after selling the remaining 1.95% of his shares to the Mubadala Development Company. Leveraging his influence, Ferrari successfully convinced Mubadala to become the title sponsor of the Ferrari Formula One Team the following year. His longstanding association with Formula One has played a crucial part in securing sponsorships and fostering relationships with corporate partners to support the team’s endeavors on the race track.
Beyond his commercial ventures, Piero actively lends his support to Centro Dino Ferrari, a prominent research center focused on neurodegenerative and muscular diseases. This esteemed center is located within the Clinical Neurology Institute at the University Polyclinic of Milan, affiliated with the University of Milan. It was established in honor of Piero’s half-brother, Dino Ferrari, who tragically passed away from Duchenne muscular dystrophy at the age of 24.
Inside Piero’s Family & Personal Life
Piero Ferrari, the legitimate son of Enzo Ferrari and Laura Dominica Garello Ferrari is a private individual who has admirably preserved and carried forward his father’s remarkable legacy. He shares a deep bond with his paternal grandmother, Adalgisa Bisbini, and resides in Modena, Italy, in his father’s former residence.
Piero is happily married to Romina Gingasu and has a daughter named Antonella from his previous marriage to Floriana Nalin. Additionally, he is a proud grandfather to two grandsons named Enzo and Piero.
Piero Ferrari’s commitment to preserving his family’s legacy and his active involvement in philanthropic initiatives, such as supporting Centro Dino Ferrari, demonstrate his deep-rooted sense of responsibility and compassion. Through his contributions, he carries forward the Ferrari name not only in the automotive world but also in the pursuit of medical advancements and the betterment of society as a whole.
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