RACE · Maranello, Italy

Ferrari

A furious founder built road cars strictly to fund his true racing obsession, creating the immortal corporate soul of Formula One.

Founded 1929

By Enzo Ferrari

Live Price

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Today

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Symbol

RACE

1929

Enzo Ferrari's monomaniacal racing obsession

Scuderia Ferrari was founded by Enzo Ferrari in 1929 as a specialized racing garage to prepare amateur drivers operating Alfa Romeo cars. Enzo had zero interest in manufacturing commercial road cars; his entire psychological life was dedicated exclusively to the pursuit of racing victory. When he eventually began building his own proprietary Ferrari-badged sports cars post-World War II, it was strictly a commercial vehicle to fund the mounting expenses of his beloved racing team.

1996

The Jean Todt restructuring and the Michael Schumacher dynasty

By the early 1990s, Ferrari had degenerated into a highly political, disorganized Italian corporate mess, failing to win a drivers' title for over a decade. The turnaround came when they hired French tactical mastermind Jean Todt, who systematically insulated the race team from Maranello corporate politics. Todt signed double champion Michael Schumacher and tech director Ross Brawn, engineering the most ruthlessly dominant dynasty in F1 history with five consecutive titles from 2000 to 2004.

2015

The structural corporate spin-off and independent market listing

Under the guidance of late CEO Sergio Marchionne, parent company Fiat Chrysler executed a brilliant strategic spin-off of Ferrari N.V., listing the luxury car manufacturer independently on the New York Stock Exchange under the ticker RACE. The historic listing officially separated the premium luxury brand from mass-market auto manufacturers, instantly valuing Scuderia Ferrari's underlying heritage as an irreplaceable marketing engine that drives multi-billion dollar vehicle margins.

2024

The blockbuster Lewis Hamilton corporate poaching coup

In February 2024, Ferrari sent an absolute shockwave through the global sporting universe by announcing they had successfully poached seven-time World Champion Lewis Hamilton away from Mercedes for the 2025 season. Orchestrated by team boss Frédéric Vasseur and Ferrari Chairman John Elkann, the blockbusting corporate coup caused Ferrari's public stock price to skyrocket, adding over $6 billion in market value in a single day before Hamilton even sat in the car.

2026

The 2026 regulations reset and luxury brand synergy

By mid-2026, Scuderia Ferrari operated at the absolute center of the Formula One ecosystem, capitalizing heavily on the sport's massive 2026 engine and chassis regulation reset. Fully integrated with Maranello's high-margin luxury road car divisions, the historic racing unit benefited from an unmatched, exclusive legacy financial bonus payout from the FIA. With team valuation tracking past $3.9 billion, Scuderia Ferrari remained the commercial and emotional anchor of global motorsport.

The Numbers

market cap $84B (July 2026)

revenue $7.1B (FY2025)

net income $1.5B (FY2025)

employees 5,200

ipo year 2015

ipo price $52

current ceo Benedetto Vigna

revenue forecast $7.8B (2026 analyst consensus)

Who Owns Ferrari

Exor N.V. (Agnelli family)

Holds ~36% of voting rights

~24.4%

Piero Ferrari

Holds ~15% of voting rights

~10.0%

T. Rowe Price Associates

Institutional investor

~4.5%

Public float

Remaining shares publicly traded

~61.1%

Frequently Asked Questions

Who founded Ferrari?

Ferrari was founded by Enzo Ferrari.

When was Ferrari founded?

Ferrari was founded in 1929.

Where was Ferrari founded?

Ferrari was headquartered in Maranello, Italy.

Why was Ferrari created?

What does Ferrari do?

A furious founder built road cars strictly to fund his true racing obsession, creating the immortal corporate soul of Formula One. Scuderia Ferrari was built by Enzo Ferrari strictly to fund his racing obsession, evolving into the multi-billion dollar soul of F1. Read the Ferrari story.

How did Ferrari grow?

Who owns Ferrari?

Exor N.V. (Agnelli family) owns ~24.4%. Piero Ferrari owns ~10.0%. T. Rowe Price Associates owns ~4.5%. Public float owns ~61.1% (Holds ~36% of voting rights)

How much of Ferrari does Exor N.V. (Agnelli family) own?

Exor N.V. (Agnelli family) owns ~24.4% (Holds ~36% of voting rights)

When did Ferrari go public?

Ferrari had its IPO in 2015, with an initial share price of $52.

How many employees does Ferrari have?

Ferrari has approximately 5,200 employees.

What is Ferrari's revenue?

Ferrari generated $7.1B (FY2025) in revenue. Analysts forecast $7.8B (2026 analyst consensus).

What is Ferrari's market cap?

Ferrari has a market capitalisation of $84B (July 2026).

Who is the CEO of Ferrari?

The current CEO of Ferrari is Benedetto Vigna.

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