Enzo Ferrari’s net worth is estimated to be around $50 million at the time of his death in 1988.
However, it is important to note that Enzo Ferrari was never considered “rich” during his lifetime, as he operated his business at a loss in order to fund his racing team.
Despite this, Enzo Ferrari founded one of the most famous luxury car companies in history, which today has a market cap north of $50 billion.
Upon his death, Enzo Ferrari’s 10% stake in the company was inherited by his only surviving son, Piero Ferrari, who was born to Enzo’s mistress in 1945.
When Ferrari went public in 2015, Piero’s stake was valued at $2 billion.
Today, his stake is worth more than $5 billion.
| Category | Net Worth | Birthdate | Birthplace | Profession | Nationality |
|---|---|---|---|---|---|
| Richest Business › CEOs | $50 Million | Feb 20, 1898 – Aug 14, 1988 (90 years old) | Modena, Kingdom of Italy | Racecar driver and Founder of Ferrari | Italian |
Determining Enzo’s exact net worth upon his passing is quite challenging.
Enzo Ferrari, who died on August 14, 1988, at the age of 90, founded one of the most renowned luxury car companies in history.
Despite Ferrari’s current market value surpassing $50 billion, Enzo himself didn’t amass significant wealth during his lifetime.
Instead, Ferrari consistently operated at a loss to support his cherished racing team.
In 1969, amidst financial struggles, Enzo sold 50% of Ferrari to Fiat, controlled by the Agnelli family, for $11 million.
Following his death, the Agnelli family acquired an additional 40% for $13.6 million.
The remaining 10% was inherited by his son Piero, born to Enzo’s mistress in 1945.
Piero’s 10% stake was valued at $2 billion when Ferrari became a public company in 2015, and it’s now worth over $5 billion.
Assessing Enzo Ferrari’s Net Worth
Assessing the worth of Enzo’s personal collection of Ferraris is equally complex.
During his lifetime, these cars held considerable value, albeit not to the extraordinary extent they do today.
For instance, a single 250 GTO in Enzo’s possession was worth less than $100,000 when he passed away in 1984.
Presently, that same car commands a staggering $70 million.
And this is just one example of his collection.
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Who is Enzo Ferrari?
Early Life of Enzo Ferrari
At the age of 10, he made the choice to pursue a career as a race car driver.
Interesting Facts about Enzo Ferrari
After Alfa Romeo ended its sponsorship of his team, he made the decision to establish his own brand of cars.
Enzo Ferrari’s Personal Life
He was wedded to Laura Dominica Garello Ferrari from 1932 until her passing in 1978, and they had two sons.
Sadly, his father and brother succumbed to a flu outbreak in 1916.
Enzo Ferrari’s Connections
He and Karl Benz, both pioneers in the automobile industry, ventured into creating their own car lines.
Who inherited Ferrari after Enzo?
After Enzo Ferrari’s death in 1988, his son Piero Ferrari inherited a 10-percent stake in the company and became the vice chairman of Ferrari.
Piero Ferrari is the second and only living son of Enzo Ferrari and has played a significant role in the company’s management.
Is Ferrari still owned by the Ferrari family?
Ferrari is still partially owned by the Ferrari family.
Piero Ferrari, the son of Enzo Ferrari, is the second and only living son of Enzo Ferrari and currently holds a 10.23% ownership stake in the Ferrari automotive company.
He is also the vice chairman of the company.
Piero Ferrari’s ownership stake in the company ensures that the Ferrari family continues to have a significant presence in the company’s operations and decision-making processes.
However, it is important to note that Ferrari is no longer solely owned by the Ferrari family.
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