Ferrari is majority controlled by Exor, the Agnelli family holding company, though Ferrari has operated as its own independent publicly traded automaker since 2016.
Enzo Ferrari’s son Piero Ferrari still holds a meaningful stake in the company, keeping a direct family link to the original founder alive on the shareholder register.
Ferrari is no longer part of Fiat, Fiat Chrysler, or Stellantis, a common misconception given the brand’s long history tied to the Agnelli family’s automotive empire.
This guide explains exactly who owns Ferrari today, how the 2015 IPO separated it from Fiat, who runs the company now, and what its financial and electric future looks like.
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Who Owns Ferrari?
Exor N.V., the Agnelli family’s investment holding company, is Ferrari’s largest shareholder, holding about 24.65 percent of equity and 36.48 percent of voting rights.
Piero Ferrari, son of founder Enzo Ferrari, holds roughly 10.48 percent of equity and 15.51 percent of voting rights, making him the second largest shareholder.
The remaining shares, about 58.8 percent of equity, trade freely on public markets and are held by institutional and individual investors worldwide.
Ferrari’s loyalty voting structure gives Exor and Piero Ferrari a combined voting influence higher than their raw equity percentage would otherwise suggest.
John Elkann, who also chairs Exor and Stellantis, serves as Ferrari’s Chairman, while Benedetto Vigna has served as Chief Executive Officer since September 2021.
| Company Overview | Details |
| Company name | Ferrari N.V. |
| Founded | September 13, 1939, Maranello |
| Founder | Enzo Ferrari |
| Largest shareholder | Exor N.V., about 24.65 percent equity |
| Second largest shareholder | Piero Ferrari, about 10.48 percent equity |
| Headquarters | Maranello, Emilia Romagna, Italy |
| Chairman | John Elkann |
| CEO | Benedetto Vigna, since September 2021 |
| Stock ticker | RACE, NYSE and Borsa Italiana |
| Country | Italy |
| Official Website | ferrari.com |
When Was Ferrari Founded?
Enzo Ferrari founded Auto Avio Costruzioni on September 13, 1939, in Maranello, Italy, after leaving his role managing the Alfa Romeo racing team.
He had actually founded Scuderia Ferrari a decade earlier, in 1929, as a racing team that ran Alfa Romeo cars rather than building its own vehicles yet.
The first car to carry the Ferrari name was the 125 S, which appeared in 1947, marking the true start of Ferrari as a road and race car manufacturer.
Ferrari built its reputation through motorsport dominance, winning its first Formula One World Championship in 1952 and establishing a legacy that continues in the sport today.
Enzo Ferrari remained deeply involved in the company he founded until his death in August 1988, having sold a majority stake to Fiat two decades earlier.
How Fiat Took Control of Ferrari
Fiat first acquired a 50 percent stake in Ferrari in 1969, providing the capital Enzo Ferrari needed while allowing him to retain operational control during his lifetime.
Fiat increased its stake to about 90 percent in 1988, shortly before Enzo Ferrari’s death, with Piero Ferrari retaining the remaining 10 percent.
Ferrari operated for decades as a subsidiary within Fiat and later Fiat Chrysler Automobiles, contributing significant profit even as its parent company struggled at times.
Fiat Chrysler eventually merged with France’s PSA Group in 2021 to form Stellantis, but Ferrari had already been spun off as an independent company five years earlier.
The 2015 IPO and Independence From Fiat
Ferrari listed on the New York Stock Exchange in October 2015 under the ticker RACE, in an initial public offering led by Fiat Chrysler.
The IPO sold a minority of shares to public investors while Fiat Chrysler retained majority ownership through the transition period.
In January 2016, Fiat Chrysler completed the separation by distributing its remaining Ferrari shares directly to its own shareholders, making Ferrari fully independent.
Because Exor already held a significant stake in Fiat Chrysler, the distribution left Exor as Ferrari’s single largest shareholder after the spinoff completed.
Ferrari also secured a dual listing on Borsa Italiana, the Milan stock exchange, giving Italian investors direct access to shares alongside the New York listing.
Agnelli Family Holding, About 36.48 Percent Voting Rights
Founder’s Son, About 15.51 Percent Voting Rights
NYSE and Borsa Italiana Free Float
Chairman
Chief Executive Officer
Ferrari Ownership Timeline
Ferrari’s ownership path moved from full family control to Fiat majority ownership and finally to full independence as a standalone public company.
Enzo Ferrari establishes Auto Avio Costruzioni in Maranello.
The Ferrari 125 S becomes the first car to carry the Ferrari name.
Fiat acquires half of Ferrari, funding growth while Enzo Ferrari keeps control.
Fiat increases its stake shortly before Enzo Ferrari’s death.
Ferrari lists publicly under the ticker RACE.
Fiat Chrysler distributes remaining shares, making Ferrari standalone.
Former STMicroelectronics executive Benedetto Vigna becomes Chief Executive Officer.
Ferrari unveils its first fully electric model at its October Capital Markets Day.
Where Are Ferraris Made?
Every Ferrari is hand assembled at the company’s factory in Maranello, a small town in Italy’s Emilia Romagna region.
The company also operates a dedicated Formula One racing division at the same Maranello site, reinforcing the close link between its road cars and motorsport program.
Unlike mass market automakers, Ferrari deliberately limits annual production, shipping around 13,752 units in 2024, to preserve exclusivity and pricing power.
This limited output strategy has helped Ferrari maintain some of the highest profit margins per vehicle in the entire auto industry.
What Is Ferrari’s Financial Performance in 2026?
Ferrari reported revenue of about 6.677 billion euros for 2024, alongside continued strong margins driven by its limited production strategy.
In October 2025, Ferrari revealed the Elettrica, its first fully electric production model, at its Capital Markets Day event in Maranello.
Ferrari stock fell sharply after that same event because the company also lowered its 2030 electric vehicle sales targets, disappointing some investors who expected faster electrification.
Despite the stock reaction, Ferrari raised its broader long term financial guidance during the same presentation, reflecting confidence in combustion and hybrid model demand alongside electric models.
Ferrari has also embraced newer payment methods, accepting cryptocurrency for United States vehicle purchases starting in October 2023.
Ferrari’s Motorsport Success Under Current Ownership
Ferrari has enjoyed a strong resurgence in endurance racing during Exor’s ownership era, even while its Formula One results have been more mixed.
Ferrari won back to back victories at the 24 Hours of Le Mans in 2023 and 2024, its first consecutive wins at the event since 1965.
The brand continued that momentum by securing both the Manufacturers and Drivers titles in the 2025 FIA World Endurance Championship.
These results have reinforced Ferrari’s brand positioning even as the company navigates its most significant technological shift since the introduction of turbocharged engines decades ago.
Is Ferrari Really Worth the Investment?
Ferrari ownership delivers exceptional performance and exclusivity, though buyers should expect long waiting lists and premium service costs typical of low volume exotic manufacturers.
Owner satisfaction surveys and enthusiast press consistently rank Ferrari highly for driving experience, build quality, and dealer relationship management compared with other exotic brands.
Resale values on most Ferrari models remain strong or even appreciate over time, a rare trait among production sports cars, largely due to Ferrari’s deliberately limited annual output.
- Strong resale and even appreciation on many limited production models
- Exceptional performance and motorsport derived engineering
- High exclusivity due to deliberately limited annual production
- Well regarded dealer relationship and ownership experience programs
- High purchase price and significant annual maintenance costs
- Long waiting lists for newly announced limited edition models
- Insurance and parts costs run well above mainstream luxury brands
- Allocation for special models is often reserved for existing loyal buyers
How Ferrari Compares to Other Italian Automakers
Ferrari shares its Italian heritage with several other performance brands that also passed through Fiat family ownership at various points.
Maserati remains part of Stellantis rather than Exor directly, taking a different corporate path than Ferrari after the 2021 Fiat Chrysler and PSA merger.
Alfa Romeo, the brand Enzo Ferrari once raced for before founding his own company, is also owned by Stellantis today.
Ferrari’s decision to separate from Fiat entirely in 2016 sets it apart as the only major Italian performance brand still operating as a fully independent public company.
Where to Verify the Ferrari Ownership Story
These sources provide additional detail on Ferrari’s ownership structure, its Fiat separation, and current financial performance.
Wikipedia’s Ferrari entry documents the company’s founding, its Fiat ownership era, and its 2015 stock market listing.
CNBC’s coverage of Ferrari’s electric vehicle reveal details the October 2025 Capital Markets Day and the market reaction that followed.
Ferrari publishes its executive leadership, financial reports, and current model lineup on its official corporate website.
Frequently Asked Questions About Ferrari
Is Ferrari owned by Fiat?
No. Ferrari became fully independent of Fiat Chrysler Automobiles in January 2016 and has operated as its own publicly traded company ever since.
Who is the largest shareholder of Ferrari?
Exor N.V., the Agnelli family’s holding company, is Ferrari’s largest shareholder, with roughly 24.65 percent of equity and 36.48 percent of voting rights.
Who is Ferrari’s current CEO?
Benedetto Vigna has served as Ferrari’s Chief Executive Officer since September 2021, having previously led STMicroelectronics’ sensor division.
Does Piero Ferrari still own part of the company?
Yes. Piero Ferrari, the son of founder Enzo Ferrari, holds approximately 10.48 percent of equity and 15.51 percent of voting rights.
I am Jack Neel, a mechanical engineer, researcher, and writer. I created this website to share my knowledge about different brands and products with you. I research the manufacturers behind the brands and provide you with the information you need to make smart buying decisions.