Piero Ferrari Net Worth

What Is Piero Ferrari's Net Worth?

Piero Ferrari is an Italian businessman who has a net worth of $9 billion. Piero is the only living son of automotive entrepreneur Enzo Ferrari and one of the world's wealthiest automotive heirs. Through the Piero Ferrari Trust, he controls approximately 10.6% of Ferrari, making him the luxury automaker's second-largest shareholder behind Exor. He also serves as Ferrari's vice chairman and a non-executive director.

Piero inherited his father's remaining 10% interest in Ferrari following Enzo's death in 1988. That stake was worth approximately $19 million at the time. When Ferrari went public in 2015, Piero's shares were valued at roughly $1.1 billion. The subsequent rise in Ferrari's stock transformed him into a multibillionaire, with the overwhelming majority of his fortune tied to the company his father founded.

Piero was born Piero Lardi, the son of Enzo and his longtime partner Lina Lardi. Because Enzo was still married to Laura Ferrari, Italian law prevented him from giving the Ferrari surname to a child born outside the marriage. Piero was formally recognized as Enzo's son after Laura's death in 1978. He subsequently used the name Piero Lardi Ferrari before legally changing his name to Piero Ferrari in 1990.

Ferrari Stake

In 1969, during a period of financial strain, Enzo Ferrari sold a 50% stake in Ferrari to Fiat. The transaction was valued at approximately 4 billion lire, equivalent to around $6.4 million at contemporary exchange rates. Enzo retained the other half of the company and continued to control Ferrari's racing operations.

Under the agreement, Fiat held an option to acquire an additional 40% of Ferrari. Following Enzo's death in 1988, Fiat exercised that option for 100 billion lire, or approximately $77 million. The transaction implied a total company valuation of 250 billion lire, equivalent to roughly $192 million.

On that basis, Enzo's 50% interest immediately before his death had a paper value of approximately 125 billion lire, or $96 million. Fiat acquired 40%, while Piero inherited the remaining 10%, then worth approximately 25 billion lire, or $19.2 million.

Ferrari began trading on the New York Stock Exchange under the ticker symbol "RACE" in October 2015. At the time of the initial public offering, Piero's stake was valued at approximately $1.1 billion, officially making him a billionaire. Ferrari's market value increased dramatically over the following decade, and company share repurchases gradually increased Piero's economic ownership from 10% to approximately 10.6%.

Piero's voting power is greater than his economic ownership because his shares participate in Ferrari's loyalty voting program. He also maintains a shareholder agreement with Exor, the investment company controlled by the Agnelli family. The agreement allows the two shareholders to coordinate on matters brought before Ferrari shareholders and gives each side a right of first offer if the other decides to sell shares.

In 2022, Piero transferred the bare ownership of his Ferrari shares to the Piero Ferrari Trust as part of his succession planning. His daughter, Antonella, and his grandsons, Enzo and Piero, were named beneficiaries. Piero retained the voting rights attached to the shares, preserving his influence over the company.

Early Life and Education

Piero Ferrari was born on May 22, 1945, in Castelvetro di Modena, Italy. His mother, Lina Lardi, had begun a relationship with Enzo Ferrari while working at the Modena coachbuilding company Carrozzerie Orlandi. Piero was registered at birth under his mother's surname because Enzo remained married to Laura Ferrari.

Piero's older half-brother, Alfredo "Dino" Ferrari, was Enzo's only child with Laura. Although Piero was 11 years old when Dino died from muscular dystrophy in 1956, the two brothers never met.

Growing up near Modena, Piero developed an interest in mechanics at a bicycle repair shop located close to his mother's home. He attended the Fermo Corni Technical Institute and graduated in 1964 with a diploma specializing in mechanics.

After Laura Ferrari died in 1978, Enzo was able to formally acknowledge Piero as his son. Piero initially combined his parents' surnames and became known as Piero Lardi Ferrari. In 1990, he and his daughter received legal approval to drop the Lardi surname and use Ferrari exclusively.

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Career at Ferrari

Piero began working at Ferrari during the 1960s. One of his earliest assignments involved assisting with the Dino 206 Competizione racing car. He also worked as an English translator for his father and performed technical and administrative jobs throughout the factory.

In the early 1970s, Piero became a technical supervisor. His responsibilities included identifying, describing, and cataloging defective components. He also served as a liaison between Ferrari's road-car and racing divisions, giving him a detailed understanding of the company's engineering, production, and motorsport operations.

In 1974, Piero moved to the Formula One team, where he worked as a co-organizer and assisted sporting directors Luca Cordero di Montezemolo and Daniele Audetto. By the mid-1980s, he was supervising road-car production. Over the course of his career, he contributed to the development of limited-production models including the Ferrari F40, F50, and LaFerrari.

After Enzo died in 1988, Piero inherited his father's remaining Ferrari shares and ownership of the Fiorano Circuit, the company's private testing track. He became vice chairman of Ferrari that same year and has continued to represent the founding family at the highest level of the company.

In 2013, following Fernando Alonso's victory at the Chinese Grand Prix, Ferrari team principal Stefano Domenicali persuaded Piero to accept the winning constructor's trophy. It was the first time a member of the Ferrari family had appeared on a Formula One podium on behalf of the team.

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Piaggio Aero and HPE Group

In 1998, Piero partnered with José Di Mase to acquire Piaggio Aero Engineering. The investors sought to restore the historic Italian company as a designer and manufacturer of business aircraft. Piero became chairman and remained involved until 2015, when he sold his final 1.95% interest to the Abu Dhabi investment company Mubadala.

Also in 1998, Piero founded High Performance Engineering, better known as HPE. The Modena-based business was created to provide advanced engineering, design, simulation, and manufacturing services.

HPE acquired precision manufacturer COXA in 2010, expanding its ability to take projects from initial design through prototype development and production. Now operating as HPE Group, the company works in automotive engineering, motorsports, high-performance powertrains, aerospace, and defense. Piero has continued to serve as its chairman.

Ferretti Group Investment

In 2016, a Ferrari family-controlled holding company acquired 13.2% of Ferretti Group, an Italian luxury yacht manufacturer. Ferretti's portfolio includes Riva, Pershing, CRN, Itama, Wally, Ferretti Yachts, and Custom Line.

Piero joined Ferretti's board and eventually became its honorary chairman. He also became one of the company's most prominent customers. In 2019, he took delivery of "Race," the first 50-meter megayacht built by Riva and the vessel that helped launch the brand's superyacht division.

Piero's Ferretti interest was gradually reduced to 4.63%. In April 2026, he tendered his entire remaining position—15,680,983 shares—to KKCG Maritime for €3.90 per share. The sale generated approximately €61.2 million.

The following month, Piero resigned from Ferretti's board and stepped down as honorary chairman. Ferretti confirmed that he no longer held shares in the company.

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Awards and Honors

Piero received the title of Cavaliere del Lavoro in 2004, an Italian honor recognizing notable contributions to business, industry, agriculture, finance, and craftsmanship.

That same year, the University of Naples Federico II awarded him an honorary degree in aerospace engineering. He received an honorary degree in mechanical industrial engineering from the University of Modena and Reggio Emilia in 2005.

In 2021, Piero received the Mecenate dello Sport Award for his contributions to sports and socially beneficial causes. He was also awarded an honorary degree in supply chain management by the University of Verona in 2025.

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Personal Life and Philanthropy

Piero was married for several decades to Floriana Nalin. They have one daughter, Antonella Ferrari, and two grandsons, Enzo and Piero. After his marriage to Nalin ended, Piero married Romanian aerospace executive and engineer Romina Gingașu in 2021.

Piero resides in Modena in his father's former home. Although he transferred the bare ownership of his Ferrari shares to a family trust, he retained the voting rights. The trust was designed to preserve the family's stake as a unified holding for Antonella and his two grandsons.

Influenced by Dino's death from muscular dystrophy, Piero has been a longtime supporter of Centro Dino Ferrari. The research center, established in his brother's name with support from Enzo Ferrari, studies muscular dystrophy and other muscular and neurodegenerative conditions.

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