Ferrari

Who Owns Ferrari?

Ferrari, the iconic Italian luxury sports car manufacturer, has long been a symbol of speed, luxury, and high performance. Founded by Enzo Ferrari in 1939, the company has a rich history and a reputation for producing some of the most desirable cars in the world. But who actually owns Ferrari today?

The Evolution of Ferrari’s Ownership

Early Beginnings

Enzo Ferrari initially established Auto Avio Costruzioni in 1939, which later became Ferrari S.p.A. The company’s first car, the 125 S, made its debut in 1947. Enzo Ferrari remained at the helm of the company until his death in 1988.

Fiat’s Influence

In 1969, Fiat S.p.A. acquired a 50% stake in Ferrari, providing much-needed financial stability to the company. Over the years, Fiat increased its ownership, and by 1988, it controlled 90% of Ferrari, with the remaining 10% held by Enzo Ferrari’s son, Piero Ferrari.

Separation and Public Listing

In 2014, Fiat Chrysler Automobiles (FCA), which was formed by the merger of Fiat S.p.A. and Chrysler Group, announced its plans to spin off Ferrari into a separate entity. This process was completed in 2015, with Ferrari N.V. becoming an independent, publicly traded company.

Current Ownership

Today, Ferrari N.V. is listed on both the New York Stock Exchange (NYSE) and the Borsa Italiana in Milan. The largest shareholder is Exor N.V., the investment holding company controlled by the Agnelli family, which also has significant stakes in Fiat Chrysler Automobiles and CNH Industrial. Exor N.V. owns approximately 22.91% of Ferrari, making it the largest single shareholder.

Piero Ferrari, the son of Enzo Ferrari, holds a 10% stake in the company, preserving the Ferrari family’s connection to the iconic brand. The remaining shares are held by various institutional and individual investors who own stock in the publicly traded company.

Discover More About Ferrari’s Ownership

For those interested in delving deeper into the intricate details of Ferrari’s ownership and its fascinating history, Who Owns provides comprehensive insights and up-to-date information on various companies and brands. Their platform is an excellent resource for uncovering the ownership structures of many well-known entities.

Ferrari’s journey from its inception to becoming a publicly traded luxury car manufacturer is a testament to its enduring legacy and the passion behind its brand. As Ferrari continues to innovate and produce high-performance vehicles, its ownership structure reflects a blend of historical legacy and modern corporate governance.

For more detailed insights into the ownership of Ferrari and other major companies, visit Who Owns.