Who is the owner of Ferrari is one of those questions that sounds simple but has a surprisingly layered answer. Ferrari is not owned by Fiat anymore — hasn’t been since 2016. It’s not privately held by some secretive Italian family. In 2026, Ferrari N.V. is a publicly traded luxury company with a handful of major shareholders who collectively control one of the most valuable automotive brands on earth.
I’ve always found Ferrari’s ownership story fascinating because it reflects the tension between two very different ideas of what Ferrari should be: a racing company that happens to sell road cars, or a luxury goods company that happens to race. Enzo Ferrari himself fought that tension his entire life. His successors are still fighting it today.
Here’s the complete, real story of who owns Ferrari in 2026 — including the Agnelli family, Piero Ferrari, and why the company went public in 2015.
Who Owns Ferrari in 2026?
Ferrari N.V. is a publicly listed company traded on both the New York Stock Exchange (NYSE: RACE) and the Euronext Milan (BIT: RACE). No single entity owns Ferrari outright. Ownership is divided between two major controlling shareholders and a broad public float:
| Shareholder | Approximate Stake | Notes |
|---|---|---|
| Exor N.V. (Agnelli Family) | ~24% | The Agnelli family’s holding company; has voting control through a special share structure |
| Piero Ferrari | ~10% | Son of Enzo Ferrari; Vice Chairman of Ferrari N.V. |
| Public Float / Institutional Investors | ~66% | Traded on NYSE and Euronext Milan; held by global institutional and retail investors |
While the public float is the largest portion of Ferrari’s ownership by percentage, real control of the company rests with Exor N.V. Through a combination of economic interest and a voting share structure, the Agnelli family has the decisive voice in Ferrari’s strategic direction.
🐎 Ferrari N.V. — Company Highlights
| Full Legal Name | Ferrari N.V. |
| Founded | 1947 (Ferrari S.p.A.); Scuderia Ferrari racing team 1929 |
| Founder | Enzo Ferrari |
| Headquarters | Maranello, Emilia-Romagna, Italy |
| Stock Exchanges | NYSE: RACE | Euronext Milan: RACE |
| Largest Shareholder | Exor N.V. (Agnelli Family) ~24% |
| CEO | Benedetto Vigna (since September 2021) |
| Chairman | John Elkann (Agnelli family) |
| Annual Revenue | €6.68 billion (FY2024) |
| Cars Delivered (Annual) | ~13,752 units (FY2024) |
| Market Capitalization | ~€70+ billion (2025) |
| F1 Team | Scuderia Ferrari — the oldest and most decorated Formula 1 team |
The Agnelli Family: Exor N.V. and Controlling Power
The Agnelli family — one of Italy’s most powerful industrial dynasties — controls Ferrari through their holding company, Exor N.V., registered in the Netherlands. The Agnellis built their fortune through Fiat, the Italian automaker that acquired Ferrari over several decades starting in 1969. The Agnelli Family is also the largest Stellantis Shareholder of Jeep.
When Ferrari went public in 2015, the Agnellis structured the IPO carefully to preserve their control. Exor N.V. currently holds approximately 24% of Ferrari’s ordinary shares. John Elkann, Gianni Agnelli’s grandson and the current head of the Agnelli empire, serves as Ferrari’s Chairman and is the key decision-maker shaping the brand’s long-term direction.
Exor itself is listed on Euronext Amsterdam and holds major stakes in multiple companies including Ferrari, Stellantis, Juventus FC, and The Economist Group. It is, in many ways, one of Europe’s most important family-controlled investment vehicles.
Piero Ferrari: The Son Who Stayed
Piero Ferrari — Enzo Ferrari’s son — holds approximately 10% of Ferrari N.V. and serves as its Vice Chairman. Born in 1945, Piero is the only child of Enzo Ferrari still involved with the company his father founded.
Piero’s connection to Ferrari is deeply personal and historical. When Fiat acquired majority control of Ferrari in 1988 (completing a process that began in 1969), Piero retained his minority stake. He has quietly held that stake for decades, maintaining a connection to the family legacy while Fiat — and later Exor — exercised operational control.
How Ferrari Went from Fiat to Public: The Full Ownership History
Ferrari’s ownership history is a story of one man’s lifelong battle to stay independent — and ultimately losing that battle after his death. Enzo Ferrari founded Scuderia Ferrari as a racing team in 1929 and established Ferrari S.p.A. as a car manufacturer in 1947. For decades, he ran it as a near-private fiefdom, obsessively controlling every detail of the racing programme and road car production.
In 1969, facing financial pressure, Enzo finally agreed to sell 50% of Ferrari to Fiat for $11 million. The deal allowed Fiat to fund Ferrari’s road car production while Enzo retained control of the racing division — the part he actually cared about. Enzo died in August 1988. Within months, Fiat completed its acquisition, buying out the remaining shares to own Ferrari outright.
Ferrari stayed within the Fiat/FCA corporate structure for decades, often used as a crown jewel that made Fiat’s otherwise struggling financials look better. In October 2015, Fiat Chrysler Automobiles (FCA) spun Ferrari off as an independent public company, listing it on the NYSE. The IPO valued Ferrari at approximately $10 billion — a figure that in hindsight was a staggering bargain, as Ferrari’s market cap has since grown to over €70 billion.
Ferrari Ownership Timeline
| Year | Event |
|---|---|
| 1929 | Enzo Ferrari founds Scuderia Ferrari as a racing team in Modena, Italy |
| 1947 | Ferrari S.p.A. formally established; first Ferrari-badged road car produced (125 S) |
| 1969 | Fiat acquires 50% of Ferrari for $11 million; Enzo retains control of the racing division |
| 1988 | Enzo Ferrari dies (August 14); Fiat completes acquisition to 90% ownership |
| 2014 | Fiat Chrysler Automobiles (FCA) announces plan to spin off Ferrari as independent company |
| 2015 | Ferrari N.V. IPO on NYSE (October); ticker RACE; valued at ~$10 billion; listed on Euronext Milan in January 2016 |
| 2016 | FCA distributes remaining Ferrari shares to FCA shareholders; Ferrari is fully independent |
| 2021 | Benedetto Vigna appointed CEO (replacing Louis Camilleri); brings semiconductor/tech expertise |
| 2023 | Ferrari delivers record 13,663 vehicles; revenue exceeds €5.97 billion |
| 2024 | Ferrari delivers 13,752 vehicles; revenue reaches €6.68 billion; first hybrid/electric roadmap unveiled |
Ferrari’s Current Leadership (2026)
| Role | Person | Background |
|---|---|---|
| Chairman | John Elkann | Gianni Agnelli’s grandson; head of Exor N.V.; represents Agnelli family interests at Ferrari |
| CEO | Benedetto Vigna | Former STMicroelectronics executive; appointed Sept 2021 to lead Ferrari’s EV and tech transition |
| Vice Chairman | Piero Ferrari | Son of Enzo Ferrari; ~10% shareholder; longest-serving board member |
| CFO | Antonio Picca Piccon | Oversees Ferrari’s financial strategy and investor relations |
My Honest Take on Ferrari’s Ownership
Ferrari’s ownership story is, at its heart, a story about control and identity. Enzo Ferrari spent 40 years fighting to keep the company his own — even when it nearly bankrupted him. He sold half to Fiat in 1969 only because he had to, and even then he made sure to keep the part he loved (racing) separate from Fiat’s influence.
What’s remarkable about the modern Ferrari is that the Agnelli family has actually been excellent stewards of the brand. They didn’t turn it into a mass-market product (as Fiat could have pressured them to do). Instead, John Elkann and the board have maintained Ferrari’s extreme scarcity — delivering only ~13,000-14,000 cars per year despite demand being far, far higher. That is a deliberate business decision, and it’s the reason Ferrari commands a market cap that rivals major tech companies.
Benedetto Vigna’s appointment as CEO in 2021 was interesting to me. He came from the semiconductor world, not the car world. That was a clear signal: Ferrari is preparing for electrification, and it wants someone who understands the technology at a deep level. Whether that transition will preserve what makes a Ferrari a Ferrari is the defining question of the next decade.
Frequently Asked Questions: Who Owns Ferrari
Is Ferrari owned by Fiat?
No. Ferrari has been an independent publicly listed company since 2015-2016. Fiat (now Stellantis) does not own any significant stake in Ferrari. The largest shareholder is Exor N.V., the Agnelli family’s holding company, with approximately 24%.
Who is the majority owner of Ferrari?
No single entity owns a majority of Ferrari. Exor N.V. (Agnelli family) owns approximately 24%, Piero Ferrari owns approximately 10%, and the remaining ~66% is publicly traded. However, through voting rights and board control, the Agnelli family effectively directs the company’s strategic decisions.
Does Piero Ferrari still own part of Ferrari?
Yes. Piero Ferrari, Enzo Ferrari’s son, owns approximately 10% of Ferrari N.V. and serves as Vice Chairman of the company’s board. He has maintained his minority stake since Fiat acquired majority control decades ago.
When did Ferrari go public?
Ferrari N.V. completed its IPO on the New York Stock Exchange in October 2015 under the ticker symbol RACE. It was listed on Euronext Milan in January 2016. Fiat Chrysler Automobiles (FCA) distributed its remaining Ferrari shares to FCA shareholders in 2016, making Ferrari fully independent.
Who is the CEO of Ferrari in 2026?
Benedetto Vigna has been Ferrari’s CEO since September 2021. He previously served as president of the Analog, MEMS and Sensors Group at STMicroelectronics. He was chosen to lead Ferrari through its transition toward hybrid and electric vehicles.
How many Ferraris are made per year?
Ferrari deliberately limits production to maintain exclusivity. In FY2024, Ferrari delivered approximately 13,752 vehicles worldwide — a figure the company carefully controls to ensure demand always exceeds supply, protecting the brand’s premium positioning.
