Who Owns Ferrari Company?

In a Nutshell

• Ferrari is an iconic luxury sports car manufacturer with a storied history.
• Ownership of Ferrari has evolved over the years, involving several significant changes.
• Currently, Ferrari operates as an independent entity.
• The primary stakeholders in Ferrari include institutional investors, the public, and the Ferrari family.
• This blog dives deep into Ferrari’s ownership history, present stakeholders, and related FAQs for a comprehensive understanding.

Table of Contents

• Ownership Journey of Ferrari
• Present Stakeholders of Ferrari
• Noteworthy Changes and Implications
• Frequently Asked Questions

Ownership Journey of Ferrari

Ferrari’s ownership has a complex and intriguing history:

Early Years: Founder and Establishment

• Founded by Enzo Ferrari in 1939
  • Originally part of Alfa Romeo as the racing division.
  • Became independent in 1947.

Fiat Acquisition

• Fiat acquired a 50% stake in Ferrari in 1969.
  • This began Fiat’s significant influence over the company.
  • Enzo Ferrari retained control over the racing segment.

Incremental Fiat Stake Increase

• Fiat increased its stake to 90% in 1988.
  • Enhanced financial support and stability for Ferrari.

Public Offering and Spin-Off

• 2015 marked a significant year with Ferrari’s IPO on the NYSE.
  • A move to spin-off Ferrari from Fiat Chrysler Automobiles (FCA).
  • Commanding a significant market presence as an independent entity.

Present Stakeholders of Ferrari

Today, Ferrari operates with a diversified ownership structure:

Institutional Investors

• Institutional investors like BlackRock and T. Rowe Price hold substantial stakes.
  • Ensures company’s stable financial backing.

Public and Retail Investors

• Shares of Ferrari are traded on the New York Stock Exchange and Euronext Milan.
  • Public investors across the globe own portions of the company.

Piero Ferrari and Agnelli Family

• Piero Ferrari, the son of Enzo Ferrari, holds a significant minority stake.
  • Maintains a family presence and influence within the company.
• The Agnelli family, through Exor N.V., holds a considerable stake.
  • Strong influence and historical ties with Fiat Chrysler.

Noteworthy Changes and Implications

Several key changes have shaped Ferrari’s current state:

Becoming an Independent Company

• The 2015 spin-off from FCA was a pivotal moment.
  • Allowed Ferrari to focus solely on luxury sports cars.
  • Greater freedom to innovate and maintain its niche market appeal.

Market Performance and Valuation

• Ferrari’s stock performance has been notable since its IPO.
  • High valuation reflects its premium brand and strong market position.
  • Consistent demand despite economic fluctuations.

Frequently Asked Questions

Here are some common questions regarding Ferrari’s ownership:

1. Who originally owned Ferrari?

• Ferrari was originally founded and owned by Enzo Ferrari. It began as a part of Alfa Romeo before becoming independent.

2. How much does Piero Ferrari own?

• Piero Ferrari owns a 10% stake in the company, ensuring the family’s ongoing influence.

3. Is Ferrari still part of Fiat?

• No, Ferrari completely spun off from Fiat Chrysler Automobiles (FCA) in 2015, becoming an independent company.

4. Who are the largest shareholders of Ferrari?

• The largest shareholders include institutional investors like BlackRock, Piero Ferrari, and the Agnelli family through Exor N.V.

5. When did Ferrari go public?

• Ferrari went public in October 2015, listing its shares on the New York Stock Exchange.

6. How has Ferrari’s public listing affected the company?

• The public listing has allowed for broader investment and increased financial stability, boosting its market performance.

7. What was the impact of Fiat’s acquisition?

• Fiat’s acquisition provided financial backing and stability, allowing Ferrari to flourish in the subsequent decades.

For more detailed insights on Ferrari’s ownership, visit our comprehensive guide on Who Owns Ferrari Company.

For related topics, check Who Owns and experts’ take on luxury car manufacturers.

Explore further discussions on automotive industry ownership at authoritative sites like Autocar, CNN Business, and Forbes.