Ferrari is one of the most famous and respected car companies in the world. It is known for its strong engines, sleek designs, and long history of winning races. But the dancing horse logo hides a complicated system of ownership that has changed over time. In this piece, we’ll look at the untold story of who owns Ferrari and how many different people and organizations have had a hand in the company’s success.
Enzo Ferrari: The Founder
The famous Italian race car driver and businessman Enzo Ferrari started Ferrari in 1947. He wanted to make high-performance sports cars that could fight at the highest level of motorsports. He was the only owner of the company for a long time, and he helped shape its mission and culture in important ways.
But as Ferrari grew in size and fame, Enzo understood that he needed to find investors from outside the company to pay for its growth. In 1969, he gave Fiat, a big Italian car company, a 50% share of Ferrari in exchange for a lot of money.
Fiat’s Ownership of Ferrari
Over the years, Fiat bought more and more of Ferrari’s shares until it owned the whole company in 1988. Under Fiat’s ownership, Ferrari continued to make high-performance cars and win Formula One races, but some critics said the company had lost some of its independence and grown too close to its corporate master.
Fiat’s parent company, Fiat Chrysler Automobiles (FCA), said in 2014 that it was separating Ferrari into a new, publicly traded business. The move was part of FCA’s larger efforts to restructure, and it was made so that Ferrari’s name and intellectual property could be used to their full potential.
The Ferrari IPO and Who Owns It Now
In 2015, Ferrari went public for the first time on the New York Stock Exchange. Each share cost $52. The initial public offering (IPO) was a huge success. More than $1 billion was raised, and the company was valued at more than $9 billion.
Today, institutional investors, hedge funds, and rich individuals are among the people who own shares in Ferrari. Exor, which is owned by the Agnelli family and has a 23.5% stake in Ferrari, is the company with the most shares. Piero Ferrari, Enzo’s son, owns 10% of the company, and BlackRock, the largest asset manager in the world, owns 7.4%.
Even though it has new owners, Ferrari stays true to its original goals and continues to make some of the most sought-after and expensive racing cars in the world. The success of the company is a tribute to Enzo Ferrari’s long-lasting vision and the passion and hard work of all the people who have been a part of its amazing past.
Who is the current owner of Ferrari?
Since it began in 1947, the company has had several owners and leaders, but it has always been a symbol of excellence and innovation in the car industry.
As of the end of September 2021, I know that Exor NV, an Italian investment company run by the Agnelli family, is the present owner of Ferrari. In 2015, Exor NV bought a 24% share of Ferrari. Since then, it has slowly grown its share to over 30%. Exor NV owns a lot of different companies, including Ferrari and Fiat Chrysler Automobiles (FCA), which was combined with Groupe PSA to make Stellantis.
John Elkann is the Chairman and CEO of Exor NV and also the Chairman of Ferrari. He has been a big part of the company’s recent changes in strategy and efforts to grow. Under his guidance, Ferrari has made more products and moved into new markets, all while keeping its reputation for quality and speed.
Overall, the fact that Exor NV owns Ferrari and John Elkann is in charge is a good sign for the company’s future. They will continue to take the famous brand to new levels of success and innovation in the highly competitive world of luxury cars.
Who owns Ferrari in Dubai?
The name Ferrari is known all over the world as a symbol of wealth, speed, and style. It is a name that car fans and collectors all over the world want, even in Dubai, which is one of the richest and most luxurious cities in the world. But who in Dubai owns a Ferrari? Let’s explore.
There are a lot of Ferrari owners in Dubai. They bought the expensive cars for themselves or to show off in their car collections. Some of these owners are well-known in business and entertainment, while others like to stay out of the spotlight.
Sheikh Mohammed bin Rashid Al Maktoum is the Vice President and Prime Minister of the United Arab Emirates and the boss of Dubai. He owns a Ferrari, which is one of the most famous cars in Dubai. Sheikh Mohammed is famous for his love of horses and his love of fast cars, especially Ferraris, which he has a lot of.
Hussain Sajwani is the founder and chairman of DAMAC Properties, which is one of the biggest real estate development companies in the Middle East. He also owns a Ferrari and is known for it. Sajwani is a big fan of collecting cars, and he has a lot of them, including a limited-edition LaFerrari.
Khalaf Al Habtoor, a wealthy businessman, owns a rare Ferrari F12tdf. Sultan Ahmed bin Sulayem, the Chairman of Dubai World, owns a Ferrari FF.
In Dubai, people like Sheikh Mohammed bin Rashid Al Maktoum, Hussain Sajwani, Khalaf Al Habtoor, and Sultan Ahmed bin Sulayem, among others, own Ferraris. Owning a Ferrari is a sign of wealth, power, and luxury in Dubai, so it’s not surprising that so many famous people in the city are proud owners of these classic cars.
How Much is Ferrari Worth?
As of 2021, it was thought that Ferrari had a net worth of about $52 billion.
Ferrari’s success is due to a number of things, such as their commitment to making high-quality cars that push the limits of engineering and technology. People who like cars and people who collect them both want them. Some of their models sell at sale for millions of dollars.
In addition to selling cars, Ferrari also makes money through licensing deals, sales of merchandise, and its racing team. The Scuderia Ferrari Formula One team has been in the sport for a long time and has had a lot of success. They have won many championships, which has helped cement Ferrari’s image as a powerhouse in motorsports.
Over the years, Ferrari’s net worth has slowly gone up. In 2015, the company went public, which made it one of the most valuable car companies in the world. Even though the COVID-19 pandemic caused problems, Ferrari has continued to do well, putting out new models and growing their business around the world.
In conclusion, Ferrari’s value shows how much they care about being the best and coming up with new ideas in the car business. Ferrari is still one of the most valuable and well-known brands in the world because it has a long past and a bright future.