Ferrari N.V. (NYSE: RACE) is publicly owned, with Exor N.V. — the Agnelli family’s holding company — holding the largest stake at around 24.65% of equity. Piero Ferrari, Enzo’s son, controls approximately 10% via Trust Piero Ferrari, while the public float accounts for roughly 58–60% of common shares. Ferrari reported net revenues of €7.146 billion in 2025.
- Exor N.V. controlled 36.48% of Ferrari’s total voting rights as of February 2026, despite holding around 24.65% of common equity.
- Ferrari reported 2025 net revenues of €7,146 million, up 7% from €6,677 million in 2024.
- Ferrari’s market cap was approximately $60 billion on the NYSE as of early April 2026, trading at around $340 per share.
- Ferrari delivered 13,752 cars globally in 2024, with production reported as fully booked through 2026.
- BlackRock, Inc. disclosed a stake of approximately 2.62% of Ferrari’s common shares to the AFM in January 2026.
Who Owns Ferrari N.V.?
Ferrari N.V. is incorporated in the Netherlands and listed on the New York Stock Exchange under the ticker symbol RACE. No single entity holds an outright majority of common shares, but Exor N.V. — the Amsterdam-based holding company of Italy’s Agnelli family — carries the largest individual equity position at around 24.65%.
Voting power diverges sharply from share ownership. Ferrari runs a loyalty voting program that assigns special voting shares to long-term holders. As of February 2026, Exor N.V. held 37,768,613 special voting shares, giving it 36.48% of total voting rights. Trust Piero Ferrari held 18,892,160 special voting shares, representing 15.51% of votes — more than the family’s roughly 10% equity stake would otherwise imply.
Origins, Founders and Early Years
Enzo Ferrari founded Scuderia Ferrari in Modena in 1929, initially as a racing division preparing Alfa Romeo cars for private drivers. After a stint as head of Alfa Corse, he left in 1939 to establish Auto Avio Costruzioni out of the old Scuderia buildings.
The first car to officially carry the Ferrari badge, the 125 S, came out of the Maranello factory in 1947. Its 1.5-liter naturally aspirated V12 went on to win six of Ferrari’s first thirteen races. Fiat acquired a 50% stake in 1969, beginning a long partnership with the company that would evolve through Fiat Chrysler Automobiles — which later merged with Groupe PSA to form Stellantis in January 2021.
Ferrari listed on the NYSE in October 2015 at $52 per common share, spinning off from FCA as an independent public company. More detail on the company’s full corporate history is available at Ferrari’s company history page.
Largest Shareholders of Ferrari
Exor N.V.
- Equity stake: ~24.65% of common shares
- Voting rights: ~36.48% of total votes
- Controlled by the Italian Agnelli family
- Holds 37,768,613 special voting shares (Feb 2026)
- Headquarters: Amsterdam, Netherlands
- Party to a shareholders’ agreement with Trust Piero Ferrari
Trust Piero Ferrari
- Equity stake: ~10% of common shares
- Voting rights: ~15.51% of total votes
- Piero is Enzo Ferrari’s only surviving son
- Holds 18,892,160 special voting shares (Feb 2026)
- Piero also serves as Vice Chairman of the board
BlackRock, Inc.
- Common shares: ~2.62% (passive stake)
- Holds 6,734,854 common shares
- Disclosed to the AFM on January 15, 2026
- One of several institutional investors in Ferrari’s float
Public Float
- Combined public ownership: ~58–60% of shares
- Trades on NYSE as ticker RACE
- Lower voting influence vs. loyalty-share holders
- Includes institutional funds and retail investors worldwide
Who Is on the Board of Directors for Ferrari?
Executive Directors
John Elkann — Executive Chairman
Heads the Agnelli family’s Exor holding company. Also chairs the Agnelli Foundation and holds board seats at Meta and the JP Morgan International Council. Grandson of Gianni Agnelli.
Benedetto Vigna — Chief Executive Officer
Joined Ferrari in September 2021. Previously President of STMicroelectronics’ Analog, MEMS and Sensors Group. Overseeing Ferrari’s e-building program in Maranello and its decarbonization roadmap to 2030.
Piero Ferrari — Vice Chairman
Son of founder Enzo Ferrari. Holds approximately 10% of Ferrari’s common shares through Trust Piero Ferrari and has been involved in the company’s leadership for decades.
Technology & Innovation Directors
Eduardo H. (Eddy) Cue — Non-Executive Director
Senior Vice President at Apple, where he oversees services, software platforms, and content partnerships. Brings consumer technology expertise to the board.
Tommaso Ghidini — Non-Executive Director
Head of Materials Technology and Processes at the European Space Agency. Brings aerospace engineering and advanced materials expertise.
Mike Volpi (Michelangelo Volpi) — Non-Executive Director
Co-founder of Index Ventures, one of Europe’s prominent venture capital firms. Adds technology investment and startup ecosystem experience to the board.
Finance & Governance Directors
Sergio Duca — Non-Executive Director
Certified chartered accountant and auditor with extensive experience at PricewaterhouseCoopers auditing major Italian listed companies. Obtained sustainability reporting certification in January 2026.
Maria Patrizia Grieco — Non-Executive Director
Former Chair of Olivetti. Carries broad experience in corporate governance across major Italian industrial companies.
Adam Keswick — Non-Executive Director
Connected to the Jardine Matheson Group, the Hong Kong-based conglomerate with operations across Asia. Brings international business and corporate governance perspective.
Luxury & Brand Directors
Delphine Arnault — Non-Executive Director
Chair and CEO of Christian Dior Couture and daughter of LVMH chairman Bernard Arnault. Adds premium brand management and global luxury retail experience to the board.
Francesca Bellettini — Non-Executive Director
President and CEO of Yves Saint Laurent. Deep background in luxury fashion brand positioning and international market development.
John Galantic — Non-Executive Director
CEO of the Tod’s Group. Former COO of Chanel Inc. until 2023, with previous experience at Procter & Gamble, GlaxoSmithKline, and Coty. Also sits on the board of Bacardi Ltd.
Ferrari’s Mission Statement
Ferrari’s stated purpose centers on building cars that sit at the intersection of performance, craftsmanship, and exclusivity. The company describes its philosophy as “We build dreams” — though in practice, the approach is more restrained than the phrase suggests.
CEO Benedetto Vigna has consistently described Ferrari’s operating principle as “quality of revenues over quantity.” The company deliberately caps production volume to preserve scarcity. In 2024, Ferrari delivered 13,752 cars globally, a figure that management has kept tightly controlled despite strong demand. Production is booked through 2026.
Racing runs through every part of the mission. Scuderia Ferrari’s Formula 1 program isn’t treated as a marketing exercise — it feeds directly into the engineering and technology found in road cars. Ferrari’s NYSE ticker, RACE, reflects this intentionally.
How Did Ferrari Get Its Name?
Ferrari is named after its founder, Enzo Ferrari, born in Modena on February 18, 1898. He spent years racing for Alfa Romeo in the 1920s, founded Scuderia Ferrari in 1929, and ultimately built the first car to carry his surname in 1947.
The Prancing Horse logo has a separate origin. World War I fighter ace Francesco Baracca — Italy’s leading air ace — painted a prancing horse on his aircraft. After Baracca died in combat in 1918, his mother suggested Enzo Ferrari adopt the symbol as a good-luck emblem. Enzo added a yellow background, the color of Modena, and the icon has appeared on every Ferrari since.
The NYSE ticker RACE wasn’t chosen by accident. Ferrari selected it to reinforce the racing identity that Enzo built into the company from the start — the same reason it competes in Formula 1 while rivals like Lamborghini have taken a different path.
Ferrari Products and Services
Sports Cars & Supercars
- Standard lineup: 12 Cilindri, 296 GTB/GTS, Purosangue SUV, Roma Spider, Amalfi
- Special Series: SF90 XX Stradale, 296 Speciale, 812 Competizione
- Icona collection: Daytona SP3, Monza SP1 and SP2
- F80 supercar: 1,200 hp hybrid flagship with 217 mph top speed
Electrification
- E-building completed in Maranello in June 2024 for next-generation car production
- Ferrari Elettrica: first all-electric model, set to debut in 2026
- Multiple plug-in hybrid models already in production: 296 GTB, SF90 XX, 849 Testarossa
Formula 1 & Racing
- Scuderia Ferrari competes in the FIA Formula 1 World Championship
- 16 constructors’ titles since 1961
- Lewis Hamilton joined the team in 2025
- Racing development feeds into road car technology programs
Financial Services
- Ferrari Financial Services provides financing to buyers and dealers
- Supports new car sales and pre-owned vehicle transactions
- Operates across key markets in Europe, the Americas, and Asia-Pacific
Lifestyle & Brand
- Brand licensed to select luxury goods producers and retailers
- 18 Ferrari-owned stores and 18 franchised retail locations worldwide
- Ferrari museums in Modena and Maranello
- Theme parks operating in Abu Dhabi and Spain
- Sponsorship and lifestyle revenues reached over €800 million in 2025
FAQ
Who owns Ferrari?
Exor N.V. — the Agnelli family’s holding company — owns approximately 24.65% of Ferrari’s equity and controls 36.48% of voting rights. Trust Piero Ferrari holds around 10%. The remaining 58–60% trades publicly on the NYSE under the ticker RACE.
When was Ferrari founded?
Enzo Ferrari founded Scuderia Ferrari in Modena in 1929 as a racing team. The first car to officially carry the Ferrari name — the 125 S — rolled out of the Maranello factory in 1947. Ferrari listed on the NYSE in October 2015.
What is the net worth of Ferrari?
Ferrari reported 2025 net revenues of €7,146 million and a net profit of €1.6 billion. Its market capitalization on the NYSE was approximately $60 billion in early April 2026, based on a share price of around $340.
What is Ferrari’s market cap in 2026?
Ferrari’s market cap stood at approximately $60 billion as of April 2026. This is down from a peak of around $88 billion in 2025, reflecting broader pressure on luxury stocks and currency headwinds affecting Ferrari’s USD-reported revenues.
Is Ferrari still operational?
Yes. Ferrari continues to manufacture cars in Maranello and Modena, Italy, delivering 13,752 vehicles in 2024. Production is fully booked through 2026. The company is also preparing to launch its first all-electric model, the Elettrica, in 2026.
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