Enzo Ferrari’s net worth
Enzo Ferrari’s net worth is difficult to pin down, despite founding the company with a market cap of $83.61 billion at the time of publishing. Celebrity Net Worth estimates his fortune was around $50 million at the time of his death, but states that Enzo was never “rich” during his lifetime, with the business always operating at a loss to fund his beloved racing team. “I’ve been involved in racing since 1919, and to go on living a human being must always have new ambitions. At Ferrari the most beautiful victory is always the next one,” he told Autosport in 1986. “
Things got so dire financially that, in 1969, he told 50 percent of the company to Fiat, which was controlled by the Agnelli family, for $11 million. The remaining 10 percent share was inherited by his only surviving son, Piero, who was born to Enzo’s mistress, Lina Lardi, in 1945. In 2015, Ferrari went public and Piero’s stake was valued at around $2 billion. In 2023, he’s estimated to be worth around $7.2 billion.
“The size of the company now is very different, it would be difficult for him to imagine, but the DNA of Ferrari from my father’s time is still there, every employee is proud to work for Ferrari,” Piero told The Guardian in 2020. “I hope there will be another 1,000 to come. I will not be there to see it but I hope my grandchildren will. There has never been the question of do we race next year or not? Never. We are competing in F1 we have always been there. It is not a question. It is a fact. We are in F1 and we will continue.”
Enzo Ferrari: The Man, the Cars, the Races, the Machine by Brock Yates
Enzo Ferrari by Brock Yates
As the book that inspired the film, Enzo Ferrar i is the impressively researched, fully detailed biography of one of the most powerful men of the twentieth century. Brock Yates penetrated Ferrari’s inner circle and reveals everything, from his early days in the town of Modena to his bizarre relationship with his illegitimate son; from his fanatic passion for speed to his brilliant marketing of the famous Ferrari image; from his manipulative but enormously effective management tactics to his own frustrated dreams. Fast, fun, and scandalous, Enzo Ferrari more than lives up to its remarkable subject.
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