He currently owns 10% of the Ferrari shares. He was reportedly not legally recognized as part of the Ferrari family until after the death of Enzo's wife, Laura, in 1978. Several Italian websites claim he lives in the former house of his father. He is also shareholder of the Italian yacht builder Ferretti Group. Pieroâs older brother Alfredo Ferrari (nicknamed Alfredino or Dino) was the first son of Enzo. The stock is proving resilient, jumping 13% in the last week. The results are fact checked and confirmed by a team of editors and industry insiders. In 1950 Ferrari enrolled in the newly-, Piaggio P180 Avanti, with registration PP-, He used to own other Piaggio aircraft with registraion I-, We also found an Agusta A109 helicopter, with registration I-. The two 800 horsepower cars are the first installments in a new component of Ferrari’s business, dubbed “Icona.”. We also found an Agusta A109 helicopter, with registration I-FACM. His father Enzo founded Ferrari. The luxury yacht was built in 2019 at RIVA Yachts. Piero is a 10% owner of the Ferrari automotive company and also serves as the company's Vice Chairman. He is chairman of Ferrari S.P.A. and owns 10% of the shares. (adsbygoogle = window.adsbygoogle || []).push({}); It wasnât until 1947 that he founded Ferrari SPA and started making race cars. Ferretti is a yacht building company, with brands as Ferretti Yachts, Custom Line, Pershing, Itama, Riva, Mochi Craft and CRN. The company went public as part of a spinoff from Fiat Chrysler. Piero Ferrari Net Worth: Piero Ferrari is an Italian businessman who has a net worth of $4.2 billion. On October 29, 2014, Fiat Chrysler Automobiles N.V. (NYSE: FCAU, $15.32, Market Capitalization $19.7 billion) announced the board’s authorization for the separation of Ferrari N.V. He did not make cars yet. Ferrari proved doubters wrong, launching a successful IPO despite limited appetite for new issuance. He is (or was..) the owner of a Piaggio P180 Avanti, with registration PP-DLA. The group realizes sales of more than EUR 600 million, with a net profit of EUR 30 million. He became Vice Chairman in 1988 after his father's passing. © 2020 Forbes Media LLC. His brother Dino Ferrari died in 1956. Forbes estimates his net worth at US$ 3.3 billion. Piero is the son of Enzo Ferrari. Piero actively supports Centro Dino Ferrari, a research center for muscular and neurodegenerative diseases that his father cofounded in Dino's memory. Ferrari was founded by Pieroâs father Enzo. The separation is expected to happen via a two-step transaction in which Fiat Chrysler will IPO 10% in Ferrari and distribute the remaining 80% to [...], Soon, you’ll be able to say you own a part of Ferrari, probably history’s most-recognizable car brand – and one of the world’s strongest brands of any kind. Piero is Vice Chairman of Ferrari Spa, which was founded by his father. Piero is a 10% owner of the Ferrari automotive company and also serves […] https://en.wikipedia.org/wiki/PieroFerrari, https://www.forbes.com/profile/pieroferrari, https://www.ferrettigroup.com/PIEROFERRARI-JOINS, https://www.superyachttimes.com/yacht-news/50m-yacht-race-launched. All net worths are calculated through the combination of a robust methodology and a proprietary algorithm. 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Piero is the second and only living son of Enzo Ferrari. In 1998 Piero became shareholder at Piaggio Aero, one of the world's oldest aircraft manufacturers. They have 1 daughter, Antonella. Here's what Ferrari is doing right, and wrong, and why its shares are too cheap. Ferrari previously owned a 37 meter Custom Line, also named Race. If everything goes as expected, he'll be worth more than $1.3 billion next week. But we are a bit in doubt. Her cruise speed is 11 knots. Submit a correction suggestion and help us fix it! Piero became a billionaire when Ferrari listed its shares on the New York Stock Exchange in October 2015. Her range is more than 3,500nm. Net Worth: $1 Billion Fans, please take into consideration that we didn't break into Piero Ferrari’s bank accounts. His yacht Race is a 50 meter Riva. Also his daughter Antonella is married to Ferretti CEO Alberto Galassi. In 2015 he sold his shares to Mubadala Development Company. As a result of the public offering, Piero officially became a billionaire on paper. Fiat S.p.A. acquired 50% of Ferrari in 1969 and expanded its stake to 90% in 1988. Piero could not be acknowledged as a Ferrari family member until his father's wife Laura passed away in 1978 because divorce was illegal in Italy and he was born to his father's mistress Lina Lardi. He is Chairman and shareholder at Ferrari SPA. Ferrari Officially Files For IPO, Ferrari IPO: Here's How You Can Own A Piece Of The Prancing Horse, RSVP Required: Ferrari 60th Anniversary Party. Meet The Lucky Ferrari Heir Who Will Become Billionaire After The Carmaker's Upcoming IPO. Italian media claim Piero lives in this house, the former residence of his father Enzo. Fiat has already benefited from spinning off its most valuable brand, but Ferrari's stock price more than tripled between 2015 and July 2019, at which point Piero's net worth was $3.5 billion. Piero Ferrari is vice chairman and 10% owner of luxury race car company Ferrari. Piero Ferrari was born in Castelvetro di Modena, Italy in May 1945. They both have cult-like fan bases, one of them is worth more than Ford and the other is astonishingly profitable. He is the 2nd son of Enzo Ferrari. Piero is the second and only living son of Enzo Ferrari. This makes him a billionaire. And she is not listed for sale. https://www.ferrettigroup.com/PIEROFERRARI-. Ferrari went public in October 2015. In fact Piero has owned several of these aircraft, all with Ferrari logo. Piero Ferrari Net Worth: Piero Ferrari is an Italian businessman who has a net worth of $4.2 billion. In 2003 Ferrari S.p.A. produced a revenue of $2.3 billion Euro. Piero owns several yachts and owns a stake in Italian luxury yacht builder Ferretti Group. Piero Ferrari: Net Worth, House, Private Jet and Yacht Race, Ferrari left Alfa ROme in 1939 and founded Auto-, It wasnât until 1947 that he founded Ferrari SPA and started making race cars. Parla l'uomo del rilancio, il manager Alberto Galassi. Since 2016 Piero is shareholder at the Ferretti Group. How Rich Would You Be Today If You Were Enzo Ferrari's Only Surviving Heir? Unfortunately in 2018 the company went bankrupt. Salvati per il rotto della cuffia, i cantieri del marchio italiano sono ripartiti a pieno ritmo. We are not sure what the DLA refers to. Riva is part of the Ferretti Group. But Ferrari’s performance on the stock market since then has belied those fears. In a turbulent year, 198 new names made it to the Forbes Billionaires List, including 70 from China. He is Chairman and shareholder … We work diligently to ensure that our numbers are the most accurate celebrity net worth data you will find anywhere on the internet. Do you know more about the residence of Piero? And after speaking with Stefano De Vivo, the Chief Commercial Officer at Ferretti Group it’s clear that the Group’s powerhouse family of Italian yacht brands loves America right back. VideoAn intimate gathering for upwards of 400 people on the plaza of Beverly Hills City Hall, Ferrari’s celebration of 60 years in the US provided theatrical backdrop for a changing of the guard. Piero owns 11% of Ferretti through his F Investments SA. Both Tesla and Ferrari are outliers, transcending auto-industry boundaries and ignoring convention. Piero Ferrari was born in Castelvetro di Modena, Italy in May 1945. Piero still owns 10% of the company. The boat is not available for yacht charter. Ferrari Is Going Public! All Rights Reserved. In 1998 Ferrari became president of Piaggio Aero Engineering. Ferrari left Alfa ROme in 1939 and founded Auto-Avio Costruzioni, a company supplying parts to other racing teams.
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