Enzo Ferrari’s Net Worth: Who Inherited His Fortune After He Died
He’s one of the biggest names in motorsports and luxury vehicles, but Enzo Ferrari’s net worth suffered because he invested so much of his money to fund his racing team. Born on February 20, 1898, in Modena, Italy; he started his racing career as a driver for CMN (Costruzioni Meccaniche Nazionali) in 1919.
His story serves as the basis for the biopic Ferrari, starring Adam Driver as the brand’s eponymous entrepreneur. “During the summer of 1957, bankruptcy looms over the company that Enzo Ferrari and his wife built 10 years earlier. He decides to roll the dice and wager it all on the iconic Mille Miglia, a treacherous 1,000-mile race across Italy,” as the synopsis of the film goes.
More from StyleCaster
Enzo Ferrari's Net Worth: Who Inherited His Fortune After He Died
Kylie to Tyga: Don't Worry About That Repossessed Ferrari-Here's a Bentley!
Should Justin Bieber Be Allowed Behind the Wheel of $230,000 Ferrari After Latest Hit and Run?
“The decision I made that Adam should be Enzo came from having drinks at Chateau Marmont in Sunset Boulevard,” Mann tells the Inside Total Film podcast. “There was something about how he’s lived life. He has a raw ambition, an artistic ambition, and real ferocity behind that drive to really do this work, do it really well, and really get it. You see it all over, it’s a transformational performance in how he moves, how he walks, the weight, how he breathes.”
He added: “The way he captured all the cultural gestures, it’s all intentional, there is no, ‘I’ll just show up and be spontaneous.’ This is all preparation, and it’s all work. I think I sensed that ferocity is based on real-life, real-world experience, and I thought this guy is Enzo Ferrari on the inside. The outside, you fix with craftwork – it’s what’s on the inside.”
With all that said, here’s what we know about Enzo Ferrari’s net worth and who inherited his fortune upon his death on August 14, 1988, at the age of 90.
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
$24.99
As the book that inspired the film, Enzo Ferrari 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.
Our mission at STYLECASTER is to bring style to the people, and we only feature products we think you’ll love as much as we do. Please note that if you purchase something by clicking on a link within this story, we may receive a small commission of the sale.
Best of StyleCaster
