Piero Ferrari was born on 22nd May 1945, in Castelvetro di Modena, Italy, and he is the son of Enzo Ferrari, respectable motor racing driver and Scuderia Ferrari Grand Prix motor team founder, and later the Ferrari automobile company. Piero is now the owner of 10% of the Ferrari firm.
Have you ever wondered how rich Piero Ferrari is, as of early 2017? According to authoritative sources, it has been estimated that Ferrari’s net worth is as high $1 billion, earned largely through being the heir to one of the largest and most admired automotive company across the globe.
Piero Ferrari Net Worth $1 Billion
Piero is Enzo’s second born son, but his mistress, Lina Lardi is Piero’s mother, so Piero’s growing up wasn’t easy, as he was legally out of the Ferrari family up until the death of Enzo’s wife in 1978. However, he still managed to finish high education, as he graduated from Modena University, receiving a degree in engineering in 1968.
Piero’s career didn’t really begin until the mid- 70s, when he joined the Ferrari firm, firstly working as a translator of English for his father in the world of motor racing,, but soon began working as a supervisor of the production of road cars, as well as overseeing the racing car department, with the help of one of his colleagues. His father died in 1988, and the same year, Piero, as the only heir to the firm since Enzo’s first son had died at only 24 from muscular dystrophy, was nominated as the company’s vice chairman, and currently holds the vice chairman position, while the CEO and Chairman is Sergio Marchionne. Ten years later he became president of Piaggio Aero Engineering when it was largely taken over by the Ferrari family.
Since he first came through Ferrari door, Peiro has come a long way, and his net worth has increased to a large degree, boosted by the company going public in 2015 which sudsequently valued Piero’s shares at over $1 billion. Now he looks to expand his business interwsts, and also increase further his net worth; most recently Peiro bought 13.2% of shares of the shipbuilding company Ferretti Group.
Thanks to his successful career, Peiro received the title of Caliere del Lavoro back in 2004.
Regarding his personal life, Piero is married to Floriana Nalin; the couple has an adult daughter, who has given them two grandchildren. The Ferrari family still resides in Modena, in Enzo Ferrari’s old residence.
