Ferrari is one of the most iconic luxury sports car manufacturers in the world. With its rich history and strong brand identity, many people wonder, who owns Ferrari
The company, originally founded by Enzo Ferrari, has undergone several ownership changes. Today, it operates as an independent public company but has major shareholders that influence its direction.
History of Ferrari
Ferrari was founded in 1939 as Auto Avio Costruzioni by Enzo Ferrari.
The company produced its first car in 1940 but officially became Ferrari in 1947. Enzo Ferrari initially focused on motorsports leading to the creation of legendary race cars.
Ferrari grew into a luxury sports car brand, known for its performance, design, and exclusivity. The brand has been deeply involved in Formula 1 racing helping to cement its reputation as a leader in automotive excellence.
Who Owns Ferrari?
Ferrari is a publicly traded company listed on the New York Stock Exchange under the ticker symbol RACE. It became independent in 2016 after being spun off from Fiat Chrysler Automobiles (FCA).
The largest shareholder today is Exor N.V., a holding company controlled by the Agnelli family, which owns a significant portion of Ferrari’s shares.
Top Ferrari Shareholders
Here’s a list of the major shareholders and investors of Ferrari:
| Shareholder | Ownership Percentage | Role & Influence |
|---|
| Exor N.V. | 24.4% | Largest shareholder; controls Ferrari’s strategic direction through John Elkann (Chairman). |
| Piero Ferrari | 10.2% | Vice Chairman; son of Enzo Ferrari; influential in maintaining the brand’s legacy. |
| BlackRock | 5.7% | Institutional investor; passive ownership with voting rights in shareholder decisions. |
| T. Rowe Price | 4.2% | Institutional investor; invests in Ferrari for long-term growth. |
| Vanguard Group | 3.8% | Institutional investor; holds Ferrari shares as part of its diversified portfolio. |
| Capital Group | 3.1% | Institutional investor; focuses on high-value brands and premium companies. |
| Other Institutional Investors | 38.6% | Various asset managers, mutual funds, and pension funds holding Ferrari stock. |
| Retail Investors | 10% | Individual investors who buy and trade Ferrari stock publicly. |
Exor N.V. – 24.4%
Exor N.V. is Ferrari’s largest shareholder, owning 24.4% of the company’s shares. Exor is a Netherlands-based holding company controlled by the Agnelli family, one of Italy’s most powerful business dynasties. It also owns stakes in Stellantis, Juventus, and The Economist Group. Through its holdings, Exor has a major say in Ferrari’s strategic decisions. John Elkann, chairman of Exor, also serves as Ferrari’s chairman, ensuring close ties between the two entities.
Piero Ferrari – 10.2%
Piero Ferrari, the only surviving son of Ferrari’s founder, Enzo Ferrari, owns 10.2% of the company. His stake grants him significant influence, and he remains actively involved in Ferrari’s operations. He is also the company’s vice chairman, providing strategic guidance based on his deep knowledge of the brand’s heritage. Despite his strong influence, he does not have controlling power.
Institutional Investors – 55.4%
A large portion of Ferrari’s shares—55.4%—is owned by institutional investors. These include asset management firms, pension funds, and mutual funds that invest in Ferrari for their clients.
Key institutional investors include:
BlackRock – 5.7%
BlackRock, one of the world’s largest asset management firms, owns 5.7% of Ferrari’s shares. The company invests in Ferrari on behalf of its clients, including pension funds and high-net-worth individuals. While BlackRock does not control Ferrari’s operations, its large stake means it has voting power on key corporate matters.
T. Rowe Price – 4.2%
T. Rowe Price, a global investment management firm, holds 4.2% of Ferrari. The firm sees Ferrari as a valuable long-term investment due to its strong brand, high-profit margins, and loyal customer base. Like other institutional investors, T. Rowe Price does not directly influence Ferrari’s decisions but can vote on shareholder resolutions.
Vanguard Group – 3.8%
Vanguard Group, another major investment firm, owns 3.8% of Ferrari. The company manages funds that invest in Ferrari as part of its diversified portfolios. Vanguard’s investment in Ferrari reflects its confidence in the brand’s financial performance and long-term growth potential.
Capital Group – 3.1%
Capital Group, a leading global investment firm, holds 3.1% of Ferrari. It manages billions of dollars in assets and includes Ferrari as part of its investment strategy. Its stake in Ferrari is part of its broader focus on premium brands and high-performance companies.
Retail Investors – 10%
The remaining 10% of Ferrari’s shares are owned by retail investors—individuals who buy Ferrari stock through public markets. These investors do not have direct control over the company but benefit from its financial performance and stock appreciation. Retail investors include Ferrari enthusiasts, general stock market participants, and long-term value investors.
Who Controls Ferrari?
While Ferrari is publicly traded, major decisions are influenced by its largest shareholders. Exor N.V., as the dominant shareholder, has significant control over strategic decisions. John Elkann, chairman of Exor and Ferrari, plays a key role in shaping the company’s future. Ferrari’s CEO, currently Benedetto Vigna, oversees day-to-day operations, ensuring the company stays ahead in innovation and performance.
Exor N.V. – The Largest Shareholder’s Influence
Exor N.V. holds 24.4% of Ferrari’s shares and has a significant say in its operations. The holding company is controlled by the Agnelli family, one of Italy’s most powerful business dynasties. Through Exor, the family maintains indirect control over Ferrari, shaping its long-term vision.
John Elkann – Chairman of Ferrari
John Elkann serves as Ferrari’s Chairman, overseeing corporate strategy and major business decisions. He is also the CEO of Exor, which strengthens his influence over Ferrari’s future. Elkann has played a key role in Ferrari’s expansion beyond automotive manufacturing, emphasizing luxury branding and innovation. Under his leadership, Ferrari continues to maintain its exclusivity while expanding into new markets.
Benedetto Vigna – CEO of Ferrari
Benedetto Vigna has been Ferrari’s CEO since 2021. He brings expertise in technology and innovation, having previously worked in the semiconductor industry. Vigna is responsible for Ferrari’s day-to-day operations, product development, and financial performance. His leadership is driving Ferrari’s transition into electrification, with the company planning to launch its first electric supercar by 2025.
Piero Ferrari – Vice Chairman and Legacy Guardian
Piero Ferrari, who owns 10.2% of the company, serves as Vice Chairman. As the only surviving son of Enzo Ferrari, he plays a crucial role in maintaining the brand’s heritage and values. While he does not hold direct controlling power, his position ensures Ferrari remains true to its racing DNA and high-performance engineering.
The Board of Directors – Corporate Governance
Ferrari’s Board of Directors consists of executives, investors, and industry experts. They guide the company’s corporate policies, approve major investments, and ensure financial stability. The board includes representatives from Exor, independent directors, and business leaders who provide strategic insights.
Institutional Investors – Indirect Influence
Although institutional investors, such as BlackRock, Vanguard, and T. Rowe Price, do not control Ferrari directly, their collective ownership of over 55% gives them voting power in shareholder meetings. These investors influence key decisions, including executive appointments and corporate strategies.
Annual Revenue and Net Worth of Ferrari
Ferrari consistently reports strong financial performance. In 2023, the company generated approximately €5.9 billion in revenue. In 2024, Ferrari reported net revenues of €6.677 billion marking an 11.8% increase from €5.97 billion in 2023.
As of April 2025, Ferrari’s net worth is around $77.35 billion. Ferrari’s profitability is driven by its luxury pricing, limited production models, and strong brand loyalty.
Here’s a table summarizing Ferrari’s historical revenue growth:
| Year | Revenue (€ Billion) | Year-over-Year Growth (%) |
|---|
| 2015 | 2.85 | 3.33% |
| 2016 | 3.10 | 8.78% |
| 2017 | 3.41 | 10.04% |
| 2018 | 3.42 | 0.10% |
| 2019 | 3.76 | 10.12% |
| 2020 | 3.45 | -8.15% |
| 2021 | 4.27 | 23.44% |
| 2022 | 5.09 | 19.30% |
| 2023 | 5.97 | 17.17% |
| 2024 | 6.68 | 11.83% |
Ferrari Market Share and Competitors
Ferrari has a niche market share in the luxury sports car segment. It produces a limited number of vehicles each year maintaining exclusivity.
In 2024, Ferrari delivered 13,752 vehicles marking a slight increase of 0.7% compared to the previous year. This achievement allowed Ferrari to reclaim its status as the leading Italian luxury car manufacturer, surpassing Maserati, which reported 11,300 sales in the same period.
The company competes with brands like Lamborghini, Porsche, Aston Martin, and McLaren.
Lamborghini
Lamborghini has demonstrated impressive growth, achieving record-breaking sales in 2024. The company delivered 10,687 cars, representing a 5.7% increase from the previous year. This surge was driven by the popularity of models like the Urus Performante and the hybrid Revuelto.
In terms of revenue, Lamborghini surpassed the €3 billion mark for the first time, reaching €3.09 billion—a 16.2% increase compared to 2023. This financial success underscores Lamborghini’s growing influence in the luxury sports car market.
Porsche
Porsche continues to be a formidable competitor in the luxury sports car segment. While specific 2024 sales figures are not provided in the available sources, Porsche has historically maintained a significant market share through a diverse lineup that appeals to both sports car enthusiasts and luxury SUV buyers.
Aston Martin
Aston Martin faced financial challenges in 2024, with revenues and volumes declining. The company reduced its annual production target by 14% to 6,000 vehicles due to supply chain issues and decreased demand in key markets like China. In the third quarter, Aston Martin sold 1,641 vehicles, a 14% increase from the previous year, but overall volumes for the first nine months decreased by 17%.
These figures highlight the competitive pressures Aston Martin faces and its ongoing efforts to stabilize its market position.
McLaren
Specific sales data for McLaren in 2024 is not available in the provided sources. However, McLaren has been recognized for its high-performance supercars and limited-production models, catering to a niche segment within the luxury sports car market. The company’s focus on innovation and performance continues to attract a dedicated customer base.
Brands Owned by Ferrari
Ferrari is primarily focused on its own iconic brand, but it has expanded into various business areas and has affiliations with other premium brands.
Here’s a list of the major brands owned by Ferrari:
Scuderia Ferrari
Scuderia Ferrari is the racing team that competes in Formula 1, and it is one of the most successful teams in the history of the sport. Ferrari has been a part of Formula 1 since the inception of the competition, securing numerous championships in both the Constructors’ and Drivers’ categories.
Scuderia Ferrari plays a vital role in the brand’s global image, reinforcing Ferrari’s reputation for precision engineering and high performance. The team’s success on the track helps to showcase Ferrari’s engineering capabilities, which translates into the development of high-performance vehicles. The brand’s racing pedigree and technical expertise also drive innovation in Ferrari’s road cars.
Ferrari Classiche
Ferrari Classiche is Ferrari’s exclusive division dedicated to the restoration and maintenance of vintage Ferrari cars. This division is responsible for maintaining the brand’s heritage and ensuring that classic Ferrari models retain their originality, performance, and value. Ferrari Classiche provides certification for vintage Ferrari cars, verifying their authenticity and restoring them to factory standards.
The brand has grown in importance, especially with the increasing interest in vintage Ferrari models among collectors. Ferrari Classiche contributes to the preservation of the company’s legacy while fostering a deeper connection with the brand’s history.
Ferrari Financial Services
Ferrari Financial Services offers a range of financial products tailored to customers purchasing Ferrari vehicles. These services include leasing, financing, and insurance options, making it easier for potential buyers to acquire a Ferrari. The financial services division plays a critical role in expanding Ferrari’s customer base, providing accessible financial solutions for clients interested in high-end cars.
By offering customized financing solutions, Ferrari Financial Services ensures that customers can own a Ferrari while maintaining the exclusivity and luxury that the brand represents. This service further strengthens Ferrari’s reach into global markets.
Ferrari Lifestyle Brands
Ferrari Lifestyle Brands is a division dedicated to creating luxury products beyond the automobiles themselves. Ferrari has developed a range of high-end lifestyle items such as apparel, watches, accessories, and home décor. These products carry the Ferrari logo, allowing enthusiasts to wear or use Ferrari-branded items, enhancing their connection to the brand.
Ferrari’s lifestyle products are exclusive and premium, maintaining the brand’s luxury positioning. Watches like the Ferrari brand watches, clothing items, and even scale models of their cars appeal to affluent individuals who desire Ferrari’s luxury lifestyle both on and off the road.
Ferrari Museums
Ferrari also owns and operates several museums, including the Ferrari Museum in Maranello, Italy. These museums are dedicated to the brand’s history, showcasing classic and modern Ferrari models, racing memorabilia, and the story of Ferrari’s founder, Enzo Ferrari. The museums provide an immersive experience for visitors, allowing them to learn about the company’s history, technology, and achievements in motorsport.
These cultural assets not only promote the brand’s heritage but also contribute to Ferrari’s image as a symbol of Italian excellence. The museums attract thousands of visitors every year, enriching the brand’s connection with fans and history enthusiasts.
Ferrari Racing – The Ferrari Challenge Series
The Ferrari Challenge is a one-make racing series, exclusively for Ferrari owners who wish to compete in Ferrari-organized events. This racing series allows Ferrari owners to test the performance of their cars on the track while maintaining the brand’s ethos of exclusivity.
The Ferrari Challenge series includes several regional competitions around the world, where participants race in specially modified Ferrari 488 Challenge cars. The series fosters a strong community of Ferrari owners and enthusiasts, further enhancing brand loyalty and engagement.
Ferrari Tailor Made
Ferrari Tailor Made is a bespoke customization program that offers Ferrari customers the ability to personalize their cars to the highest degree of detail. This division allows customers to choose unique materials, colors, and finishes that reflect their personal tastes, ensuring that no two Ferrari cars are identical.
Ferrari Tailor Made appeals to high-net-worth individuals seeking a unique driving experience that matches their lifestyle. It enables Ferrari to further enhance its exclusivity, offering one-of-a-kind creations to its most discerning customers.
Ferrari Portofino M and Ferrari Monza SP Series
Though these are more model lines than brands, they are significant parts of Ferrari’s broader portfolio. The Ferrari Portofino M is a luxurious grand tourer, while the Monza SP Series represents Ferrari’s high-performance, limited-production models. These lines are often associated with Ferrari’s most prestigious customers who want the highest level of exclusivity.
The Monza SP Series, in particular, is part of Ferrari’s “Icona” collection, which pays tribute to the brand’s racing heritage while offering unique, modern technology. Models like the Ferrari Monza SP1 and SP2 embody the pure performance and iconic design that define Ferrari’s reputation.
Ferrari Driver Academy
The Ferrari Driver Academy (FDA) is Ferrari’s talent development program, aimed at nurturing future racing drivers. The academy has been instrumental in identifying and developing young talents who could one day race for Scuderia Ferrari in Formula 1. Graduates of the FDA have gone on to achieve great success in motorsport, contributing to Ferrari’s status as a leader in racing.
The academy is another extension of Ferrari’s commitment to motorsport excellence and the development of driving talent, ensuring that the company remains at the forefront of Formula 1 and other racing competitions.
Conclusion
Ferrari remains one of the most prestigious car manufacturers in the world. Though it operates independently, Exor N.V. is the largest shareholder, followed by Piero Ferrari and public investors. The company continues to dominate the luxury sports car market with its commitment to innovation, exclusivity, and racing heritage. With a strong financial standing and global brand presence, Ferrari remains an aspirational name in the automotive world.
FAQs
Who is the biggest shareholder of Ferrari?
Exor N.V., controlled by the Agnelli family, is the largest shareholder, holding about 24% of Ferrari’s shares.
Is Ferrari owned by Fiat?
Ferrari was once owned by Fiat Chrysler Automobiles but became independent in 2016.
Does Piero Ferrari still own part of the company?
Yes, Piero Ferrari holds around 10% of Ferrari’s shares and remains involved in the company’s legacy.
How much is Ferrari worth?
Ferrari’s market capitalization is over $78 billion making it one of the most valuable automotive brands.
What brands does Ferrari own?
Ferrari primarily operates under its own brand but also owns Scuderia Ferrari, Ferrari Classiche, and Ferrari Financial Services.
Who controls Ferrari’s business decisions?
John Elkann, chairman of Ferrari and Exor N.V., has significant influence, while the CEO, Benedetto Vigna, oversees daily operations.
How does Ferrari compare to Lamborghini?
Ferrari focuses on exclusivity and racing heritage, while Lamborghini offers aggressive styling and high-performance vehicles, making them close competitors.
Is Ferrari owned by Volkswagen?
No, Ferrari is not owned by Volkswagen. Ferrari is an independent luxury car manufacturer, though it was once a part of the Fiat Group. Volkswagen owns Lamborghini, which is a competitor to Ferrari in the luxury sports car market.
Why did Ferrari sell to Fiat?
Ferrari sold a significant stake to Fiat in 1969 due to financial challenges and the need for capital to expand its operations. Fiat acquired a 50% stake in Ferrari, allowing the company to stabilize and grow. Ferrari retained its autonomy in terms of design and branding, but Fiat’s investment provided the resources needed for global expansion.
Did Lamborghini buy a Ferrari?
No, Lamborghini did not buy Ferrari. Lamborghini and Ferrari are two distinct brands. However, there is a famous rivalry between them, especially in the high-performance luxury sports car market. Lamborghini was founded by Ferruccio Lamborghini in 1963 after a dispute with Ferrari’s founder, Enzo Ferrari, regarding the quality of Ferrari’s cars.
Why did Ferrari reject Ford?
Ferrari rejected Ford’s offer to buy the company in 1963 due to concerns about losing its independence and the desire to remain focused on producing high-performance, exclusive cars. This rejection led to a highly publicized incident in which Ford tried to buy Ferrari to compete in motorsport, famously depicted in the movie “Ford v Ferrari.”
Is the Ferrari family rich?
Yes, the Ferrari family is wealthy, particularly Piero Ferrari, who is the son of the company’s founder, Enzo Ferrari. Piero Ferrari owns a significant 10.2% of the company, which contributes to his personal wealth. Ferrari’s luxury brand status has made it a highly valuable company, further increasing the family’s wealth.
Which celebrity owns Ferrari?
Many celebrities own Ferraris, including famous actors, athletes, and business magnates. Some notable owners include Cristiano Ronaldo, Lionel Messi, and Kim Kardashian. Celebrities often choose Ferrari for its reputation, performance, and luxury appeal.
What is the most owned Ferrari?
The Ferrari 488 is one of the most owned Ferrari models. It became very popular due to its blend of performance, technology, and luxury. The Ferrari 488 GTB was produced from 2015 to 2019 and attracted a wide range of buyers, making it one of Ferrari’s best-selling models.