Early Life
Piero Ferrari was born Piero Lardi on May 22, 1945, in Castelvetro di Modena, Italy. He is the son of Enzo Ferrari, the founder of Ferrari S.p.A., and Lina Lardi. Due to Italy's divorce laws at the time, he was not officially recognized as part of the Ferrari family until after the death of Enzo's wife, Laura, in 1978.
Rise to Success
Piero inherited a 10% stake in Ferrari after his father's death in 1988 and became the vice chairman of the company. His wealth significantly increased after Ferrari's IPO in October 2015, when his shares were valued at $1.1 billion. He has since expanded his investments, including a 13.2% stake in the Ferretti Group.
Key Business Strategies
Piero Ferrari's key role is as Vice Chairman and a major shareholder of Ferrari. Under his leadership, Ferrari has maintained its position as one of the world's most prestigious and successful automotive brands. He has also been involved in other business ventures, including Piaggio Aero Engineering and HPE COXA.
Philanthropy
Piero Ferrari actively supports the Centro Dino Ferrari, a research center for neurodegenerative and muscular diseases at the University of Milan, established in memory of his half-brother, Dino Ferrari.