Piero Ferrari

Piero Lardi Ferrari (born 22 May 1945) is an Italian billionaire businessman, the second and only living son of Enzo Ferrari, and a 10% owner of the Ferrari automotive company of which he is the vice chairman. He also owns 13.2% of shares of the Ferretti Group.

Piero Lardi Ferrari
Born22 May 1945 (age 74)
NationalityItalian
OccupationVice chairman of Ferrari
Chairman of HPE COXA
Known forFerrari
Net worthUS$3.1 billion (May 2019)[1]
Board member ofFerrari
Ferretti Group
Spouse(s)Floriana Ferrari
ChildrenAntonella Ferrari

Early life

His mother was Enzo's mistress, Lina Lardi.[2] As divorce was illegal in Italy until 1975, he could not be acknowledged as a Ferrari family member until the death of Enzo's wife, Laura, in 1978.[3] His legitimate half-brother, Dino, died in 1956 of muscular dystrophy.

Career

Piero Ferrari obtained a degree in engineering at the University of Modena and Reggio Emilia. In the mid-1970s he started working for Ferrari, first as an English translator for his father, and then as supervisor of the production of road cars and co-organiser of the racing department. In 1988, when Enzo Ferrari died, as he was the sole heir of the Ferrari family, he was nominated vice chairman.

In 1998 he was nominated president of Piaggio Aero Engineering. He sold the final 1.95% of the Piaggio Aero stock to Mubadala Development Company in 2015.

Ferrari is the chairman of HPE COXA, a company he founded in 1998 with the aim of providing high end engineering services in the mechanical field. In 2009 HPE acquired COXA, a manufacturing firm founded in 1985 and specialized in the high precision manufacturing of niche volumes and prototypes.

Ferrari was awarded the title of Cavaliere del Lavoro in 2004.[4]

Following Ferrari's IPO on 21 October 2015, his 10% stake was valued at US$1.1 billion.[5]

On 28 April 2016 he entered into the Ferretti Group with 13.2% of shares.[6]

In May 2017 he was ranked by Forbes at number 1151 in the world's billionaires list with a net worth of $1.95 billion.

In March 2018 he was ranked by Forbes at number 887 in the world's billionaires list with a net worth of $2.7 billion.

In May 2019 he was ranked by Forbes at number 838 in the world's billionaires list with a net worth of $3.1 billion.

Personal life

He is married to Floriana Nalin and has a daughter and two grandchildren. He lives in Modena in his father's old residence.

References

  1. ^ "Piero Ferrari". Forbes. Retrieved 10 May 2017.
  2. ^ "Enzo Ferrari - Biography on Bio". thebiographychannel.co.uk. Archived from the original on 18 January 2015.
  3. ^ Allievi Pino. "Si è spenta a 95 anni Lina Lardi il grande amore di Enzo Ferrari". gazzetta.it (in Italian).
  4. ^ "Piero FERRARI" (in Italian). Federazione Nazionale Cavalieri del Lavoro. Archived from the original on 13 May 2006. Retrieved 17 January 2016.
  5. ^ Neate, Rupert (21 October 2015). "Ferrari IPO gets off to racing start on Wall Street". The Guardian. Retrieved 22 October 2015.
  6. ^ "Ferrari family invests in Ferretti Group". SuperYacht Times. 29 April 2016. Retrieved 19 January 2017.
  • Pritchard, Anthony (2009). Ferrari: Men from Maranello. Haynes Publishing. p. 100. ISBN 978-1-84425-414-9.

External links

Awards and achievements
Preceded by
Bruno Senna
Lorenzo Bandini Trophy
2013
Succeeded by
Daniel Ricciardo
1991 Canadian Grand Prix

The 1991 Canadian Grand Prix was a Formula One motor race held at Circuit Gilles Villeneuve on 2 June 1991. It was the fifth race of the 1991 FIA Formula One World Championship.

The 69-lap race was won by Nelson Piquet, driving a Benetton-Ford. Piquet took the 23rd and final win of his F1 career after old rival Nigel Mansell, driving a Williams-Renault, suddenly stopped halfway round the last lap while leading by almost a minute. Stefano Modena took second in a Tyrrell-Honda, while Mansell's team-mate Riccardo Patrese was third, having started from pole position.

Bloomberg Billionaires Index

The Bloomberg Billionaires Index is a daily ranking of the world's richest people. The index debuted in March 2012 and tracks the net worth of the 500 wealthiest people on the planet. It draws information from "action in the stock market, economic indicators and news reports," features a profile of each billionaire, and includes a tool that allows users to compare the fortunes of multiple billionaires. The index is updated every day at the close of trading in New York.

Colotti Trasmissioni

Colotti Trasmissioni (Colotti Transmission) is an Italian mechanical engineering firm located in Modena, Italy. It specializes in gears, limited-slip differentials and transmission systems for racing cars.

Daniel Ricciardo

Daniel Joseph Ricciardo ( "Ricardo"; born 1 July 1989) is an Australian racing driver who is currently competing in Formula One for the Renault F1 Team. He entered Formula One as a test driver for Scuderia Toro Rosso and made his debut at the 2011 British Grand Prix with the HRT team as part of a deal with Red Bull. He then raced for Toro Rosso for the 2012 and 2013 seasons. After Mark Webber announced his retirement from Formula One, Ricciardo was confirmed as his replacement at Red Bull Racing for 2014. In his first season with Red Bull, Ricciardo finished third in the championship with his first three Formula One wins, in Canada, Hungary, and Belgium. After two years without victory, Ricciardo won the 2016 Malaysian Grand Prix, eventually sealing third in the championship for the second time in three years at the 2016 Mexican Grand Prix. Ricciardo won the Azerbaijan Grand Prix in 2017 and the Chinese and Monaco Grands Prix in 2018. On 3 August 2018 it was announced that he would be joining Renault on a 2-year contract for the 2019 and 2020 F1 seasons.

Enzo Ferrari

Enzo Anselmo Giuseppe Maria Ferrari, Cavaliere di Gran Croce OMRI (Italian: [ˈɛntso anˈsɛlmo ferˈraːri]; 20 February 1898 – 14 August 1988) was an Italian motor racing driver and entrepreneur, the founder of the Scuderia Ferrari Grand Prix motor racing team, and subsequently of the Ferrari automobile marque. He was widely known as "il Commendatore" or "il Drake". In his final years he was often referred to as "l'Ingegnere" (the Engineer) or "il Grande Vecchio (the Great Old Man)".

Ferrari

Ferrari (; Italian: [ferˈraːri]) is an Italian luxury sports car manufacturer based in Maranello. Founded by Enzo Ferrari in 1939 out of Alfa Romeo's race division as Auto Avio Costruzioni, the company built its first car in 1940. However, the company's inception as an auto manufacturer is usually recognized in 1947, when the first Ferrari-badged car was completed.

In 2014 Ferrari was rated the world's most powerful brand by Brand Finance. In June 2018, the 1964 250 GTO became the most expensive car in history, setting an all-time record selling price of $70 million.Fiat S.p.A. acquired 50% of Ferrari in 1969 and expanded its stake to 90% in 1988. In October 2014 Fiat Chrysler Automobiles N.V. (FCA) announced its intentions to separate Ferrari S.p.A. from FCA; as of the announcement FCA owned 90% of Ferrari.

The separation began in October 2015 with a restructuring that established Ferrari N.V. (a company incorporated in the Netherlands) as the new holding company of the Ferrari group and the subsequent sale by FCA of 10% of the shares in an IPO and concurrent listing of common shares on the New York Stock Exchange. Through the remaining steps of the separation, FCA's interest in Ferrari's business was distributed to shareholders of FCA, with 10% continuing to be owned by Piero Ferrari. The spin-off was completed on 3 January 2016.Throughout its history, the company has been noted for its continued participation in racing, especially in Formula One, where it is the oldest and most successful racing team, holding the most constructors championships (16) and having produced the highest number of drivers' championship wins (15). Ferrari road cars are generally seen as a symbol of speed, luxury and wealth.

Ferrari (film)

Ferrari is a 2003 biopic based on the book by Enzo Biagi. It depicts Enzo Ferrari's rise from a successful race driver to one of the most famous entrepreneurs of all time. Being interviewed by a fictitious, intrusive young journalist he recalls his setbacks and personal losses. He also expresses his regrets about race drivers who met with an accident. The film finishes with a dedication by Piero Ferrari: "In loving memory of my father and of my brother Dino". Due to its success the original TV miniseries was edited for cinema.

Ferrari Ascari

The Ferrari Ascari is a Ferrari concept car that won the "Ferrari: New Concepts for the Myth" car design competition in 2005. The car was designed by Manuele Amprimo, Werner Gruber, and Yu Jae-Cheul from Istituto Europeo di Design (IED; English: "European Institute of Design"), Turin, Italy. The judges of the competition included Luca Cordero di Montezemolo, the second and only living son of Enzo Ferrari, Piero Ferrari, Jean Todt, Amedeo Felisa, Massimo Fumarola, Pininfarina, and more than 22,000 users of FerrariWorld's online website. A scale model was made for the competition. As a result of this competition, the Ferrari Ascari, has a larger chance of evolving from concept car to reality.

Ferrari Portofino

The Ferrari Portofino (Type F164) is a grand touring sports car produced by the Italian automotive manufacturer Ferrari. It is a two-door 2+2 hard top convertible. The car is named after the Italian Portofino village and also succeeds the company's previous V8 grand tourer, the California T. The car was unveiled at the 2017 Frankfurt Motor Show.

Ferretti Group

Ferretti S.p.A. (trading as Ferretti Group) is an Italian multinational shipbuilding company headquartered in Forlì which specialises in the design, construction and sale of luxury motor yachts. Its products are sold under the brands Ferretti Yachts, Custom Line, Pershing, Itama, Riva, Mochi Craft and CRN.

Ferretti was founded in 1968 by Alessandro and Norberto Ferretti as a manufacturer of small boats and produced its first motor sailer in 1971. Ferretti expanded through making numerous acquisitions, including of Cantieri Navali dell’Adriatico – CNA S.r.l. in 1998, CRN S.p.A., in 1999, Riva S.p.A in 2000, Cantiere Navale Mario Morini and in 2002, Itama in 2004 and Allied Marine in 2008. Ferretti was acquired by the Chinese multinational heavy machinery and automotive manufacturing company Weichai Group in 2012.

Ferretti has manufacturing operations in Italy and the United States. It has subsidiary companies in the United States (Ferretti Group North America), Brazil (Ferretti Group Brazil, based in São Paulo,and soon one based in Foz do Iguaçu ) and representative branches in Hong Kong and Shanghai (Ferretti Group Asia Pacific).

HPE COXA

HPE COXA is a provider of engineering services and precision manufacturing for automotive, motorsport, automation solution, aerospace and defense sectors.

Its headquarter is located in Modena, core of the Italian Motor Valley.

History of Ferrari

Ferrari is an Italian company which has produced sports cars since 1947, but traces its roots back to 1929 when Enzo Ferrari formed the Scuderia Ferrari racing team.

Unlike many similar yet independent companies, Fiat Group-owned Ferrari continued to thrive after the death of its charismatic founder and is today one of the most successful sports car companies in the world. In January 2016, Ferrari officially split off from its former parent company Fiat Chrysler Automobiles.

Lorenzo Bandini Trophy

The Lorenzo Bandini Trophy (Trofeo Lorenzo Bandini in Italian) is a prize awarded in memory of Italian racecar driver Lorenzo Bandini.

It was established in 1992 by Bandini's hometown of Brisighella, to be awarded each year for a commendable performance in motorsport.In 2015 the award was given to the Mercedes AMG Petronas F1 team representing the first time a constructor has won the award instead of a person. The award was in recognition of Mercedes's highly commendable performances in Formula 1 following the 2014 regulation change which introduced hybrid technology coupled with V6 engines.

Piaggio

Piaggio & C. SpA (Piaggio [ˈpjaddʒo]) is an Italian motor vehicle manufacturer, which produces a range of two-wheeled motor vehicles and compact commercial vehicles under seven brands: Piaggio, Vespa, Gilera, Aprilia, Moto Guzzi, Derbi, and Scarabeo. Its corporate headquarters are located in Pontedera, Italy. The company was founded by Rinaldo Piaggio in 1884, initially producing locomotives and railway carriages.

Piaggio's subsidiaries employ a total of 7,053 employees and produced a total of 519,700 vehicles in 2014. The manufacturer has six research-and-development centers and operates in over 50 countries.

Piaggio Aerospace

Piaggio Aerospace, formerly Piaggio Aero Industries, is a multinational aerospace manufacturing company headquartered in Villanova d'Albenga, Italy. It shares its ancestry with motor vehicle manufacturer Piaggio and is one of the world's oldest aircraft manufacturers.

Piaggio Aerospace designs, develops, manufactures and maintains aircraft, aero-engines and aircraft structural components. It has a subsidiary in the United States, Piaggio America, located at West Palm Beach, Florida.

On December 3, 2018, Piaggio Aerospace was admitted to go under receivership after declaring itself insolvent as its restructuring plan failed, less than a year after its owner, Mubadala, injected €255 million ($308 million) and repurchased its bank debt, as the P.180 Avanti deliveries fell to four in 2018 from 30 in 2008.

Piaggio P.180 Avanti

The Piaggio P.180 Avanti is an Italian executive transport aircraft with twin turboprop engines mounted in pusher configuration. It seats up to nine people in a pressurized cabin, and may be flown by one or two pilots. The design is of three-surface configuration, having both a small forward wing and a conventional tailplane as well as its main wing, with the main wing spars passing behind the passenger cabin area.

Piero

Piero is an Italian given name. Notable people with the name include:

Piero Angela (born 1928), an Italian television host

Piero Barucci (born 1933), Italian academic and politician

Piero del Pollaiolo (c. 1443–1496), an Italian painter

Piero della Francesca (c1415–1492), an Italian artist of the Early Renaissance

Piero De Benedictis (born 1945), an Italian-born Argentine and Colombian folk singer

Piero Ciampi (1934–1980), an Italian singer

Piero di Cosimo (1462-1522), also known as Piero di Lorenzo, an Italian Renaissance painter

Piero di Cosimo de' Medici (1416–1469), de facto ruler of Florence from 1464 to 1469

Piero Ferrari (born 1945), an Italian businessman

Piero Focaccia (born 1944), an Italian pop signer

Piero Fornasetti (1913–1988), Italian painter

Piero Golia (born 1974), an Italian conceptual artist

Piero Gros (born 1954), an Italian alpine skier

Piero the Unfortunate (1472–1503), Gran maestro of Florence

Piero Mingoia (born 1991), English footballer

Piero Manzoni (1933–1963), an Italian artist

Piero Pelù (born 1962), an Italian singer

Piero Sraffa (1898–1983), an Italian economist

Piero Scaruffi (born 1955), an Italian-American freelance software consultant and university lecturer

Piero Soderini (1450–1522), an Italian statesman

Maestro Piero (c. 1300–c. 1350), known as Piero, an Italian medieval composer

Piero Umiliani (1926–2001), an Italian composer

Reggio Audace F.C.

Reggio Audace Football Club, commonly referred to as Reggio Audace, is an Italian football club based in Reggio Emilia, Emilia-Romagna. The club is the heir of Associazione Calcio Reggiana 1919, who was excluded from the Italian football league system in 2018 and declared bankrupt by the Tribunal of Reggio Emilia on 5 December 2018. The club currently competes in Serie C, after having been admitted by repecheage due to vacancies left by bankrupt clubs in the third tier of Italian football.

Terra Modena

Terra Modena is an Italian supermoto/dual-sport motorcycle manufacturer that is responsible for creating the "most exotic and expensive supermoto ever built – the Terra Modena 198." The design and production of the bikes are outsourced to other firms, such as engine design done by Peiro Ferrai's HPE and the gearbox being made by 2000 Engineering.

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