There is a simple answer to who owns Ferrari? but the story behind that answer is not quite as simple.
Ferrari N.V. is a publicly traded company. It is not owned outright by Fiat, Stellantis, the Agnelli family, or Piero Ferrari. Instead, its shares are held by several groups, with Exor N.V. holding the largest stake and Piero Ferrari remaining one of the company’s most important shareholders.
The details matter because Ferrari’s shareholding and voting rights are not the same thing. As of February 4, 2026, Exor held 21.33% of Ferrari’s outstanding common shares but had 32.32% of the voting power. Trust Piero Ferrari held 10.67% of the common shares, while Piero Ferrari held about 16.17% of the voting power.
That is why a quick answer can be misleading. To understand who owns Ferrari today, you need to look at the shareholders, voting structure, the Ferrari family, Exor, and Ferrari’s history with Fiat.
AI Overview: Who Owns Ferrari?
Ferrari N.V. is an independent publicly traded company, not a subsidiary of Fiat or Stellantis. Exor N.V. is Ferrari’s largest shareholder, holding about 21.33% of outstanding common shares and 32.32% of voting power as of February 4, 2026.
Trust Piero Ferrari held about 10.67% of the common shares, while Piero Ferrari had voting rights representing approximately 16.17% of Ferrari’s voting power.
Exor and Piero Ferrari also renewed their shareholder agreement in January 2026, with the new agreement running until January 4, 2029 unless terminated under its terms.
Key Takeaways
- Ferrari N.V. is a publicly traded company.
- Exor N.V. is Ferrari’s largest shareholder.
- Exor held 21.33% of Ferrari’s outstanding common shares as of February 4, 2026.
- Exor’s voting power was approximately 32.32% because of Ferrari’s loyalty-voting mechanism.
- Trust Piero Ferrari held 10.67% of common shares, with Piero Ferrari holding approximately 16.17% voting power.
- BlackRock held 3.80% of Ferrari’s common shares and 3.38% of voting rights at that date.
- Exor and the Ferrari family renewed their shareholder agreement through January 4, 2029.
Featured Snippet: Who Owns Ferrari?
Ferrari is owned by public shareholders because Ferrari N.V. is a publicly traded company. Exor N.V. is its largest shareholder, with 21.33% of outstanding common shares and about 32.32% of voting power as of February 4, 2026. Trust Piero Ferrari held 10.67% of common shares, while Piero Ferrari held about 16.17% of voting power.
Who Owns Ferrari Today?
Ferrari is owned by the shareholders of Ferrari N.V., the company behind the Ferrari brand.
Because Ferrari is publicly traded, there is no single private owner who owns the entire company. Exor N.V. is the largest shareholder, while Piero Ferrari and other institutional and public investors own the remaining shares.
Ferrari’s 2025 Form 20-F provides the clearest snapshot of the company’s ownership structure. The figures were reported as of February 4, 2026.
| Shareholder | Common-share ownership | Voting power |
|---|---|---|
| Exor N.V. | 21.33% | 32.32% |
| Trust Piero Ferrari / Piero Ferrari | 10.67% | 16.17% |
| BlackRock | 3.80% | 3.38% |
| Other public shareholders | 64.20% | 48.13% |
So, if someone asks you to name Ferrari’s owner, the most accurate answer is not one person or one company. Ferrari is publicly owned, with Exor as its largest shareholder.
The percentages above are tied to Ferrari’s February 4, 2026 disclosure. They should not be treated as permanent figures because public-company ownership can change.
Who Is Ferrari’s Largest Shareholder?
Exor N.V. is Ferrari’s largest shareholder.
As of February 4, 2026, Exor owned 21.33% of Ferrari’s outstanding common shares. Its voting power was higher, at approximately 32.32%.
Exor is an investment company associated with the Agnelli family. The company has a long connection with the Italian industrial group that historically owned Fiat.
That connection explains why Ferrari is sometimes described as an “Agnelli-owned” company. However, that description leaves out an important detail: Exor is a major shareholder of Ferrari, but Ferrari itself remains a separate publicly traded company.
Why Does Exor Have More Voting Power Than Shares?
Ferrari has a loyalty-voting structure.
Under this system, qualifying long-term shareholders can receive additional voting rights. As a result, the percentage of votes a shareholder controls can be higher than its percentage of ordinary shares.
That is exactly what happens with Exor.
Its 21.33% economic ownership translated into approximately 32.32% voting power as of February 4, 2026.
That difference is one of the most important details in Ferrari’s ownership structure.
Does Piero Ferrari Still Own Ferrari?
Yes.
Piero Ferrari, Enzo Ferrari’s son, remains an important shareholder in Ferrari.
Ferrari’s 2025 Form 20-F reported that Trust Piero Ferrari held 10.67% of Ferrari’s outstanding common shares as of February 4, 2026. Piero Ferrari held the voting rights connected with those shares, representing approximately 16.17% of Ferrari’s voting power.
So, Piero Ferrari does own part of Ferrari, but he does not own the entire company.
His position is significant for another reason, too. He is the son of Enzo Ferrari, which means the Ferrari family still has a direct connection to the company its founder created.
Piero Ferrari also remains involved in Ferrari’s governance. Ferrari’s governance information identifies him as vice chairman and a non-executive director.
Does the Agnelli Family Own Ferrari?
This is where Ferrari’s ownership story often gets simplified too much.
The Agnelli family is connected to Ferrari through Exor, the investment company associated with the family.
Exor is Ferrari’s largest shareholder. However, that does not mean the Agnelli family personally owns 100% of Ferrari.
Ferrari remains a separate public company, and its shares are also held by Piero Ferrari, institutional investors and other public shareholders.
A more accurate statement is:
The Agnelli family has an important ownership interest in Ferrari through Exor, which is Ferrari’s largest shareholder.
That wording tells you who has the major stake without incorrectly suggesting that Ferrari is a private Agnelli company.
Who Actually Controls Ferrari?
This question is slightly different from asking who owns Ferrari.
A company’s ownership, voting power and day-to-day management can involve different people and groups.
In Ferrari’s case, Exor and Piero Ferrari are particularly important because of their voting positions and their shareholder agreement.
Exor and Piero Ferrari Have Nearly Half the Voting Power
Exor had approximately 32.32% of Ferrari’s voting power as of February 4, 2026.
Piero Ferrari’s interests represented approximately 16.17%.
Together, that comes to about 48.49% of Ferrari’s voting power.
That does not mean they individually own half of Ferrari. Their economic ownership is considerably lower.
It means their combined voting position gives them considerable influence over shareholder matters.
The 2026 Shareholder Agreement
The relationship between Exor and the Ferrari family became even more important in January 2026.
On January 3, 2026, Exor and Piero Ferrari, together with Trust Piero Ferrari, announced the renewal of their shareholder agreement.
The agreement runs until January 4, 2029, subject to its terms and automatic-renewal provisions.
The agreement includes consultation between the parties on matters submitted to Ferrari shareholders. It also provides reciprocal rights of first offer if either side wants to transfer Ferrari shares to a third party.
In practical terms, the agreement helps coordinate the positions of two of Ferrari’s most important shareholder groups.
It does not make Exor the sole owner of Ferrari.
Who Runs Ferrari?
The people who run Ferrari are not necessarily the people who own the largest number of shares.
- Benedetto Vigna is Ferrari’s chief executive officer.
- John Elkann is Ferrari’s executive chairman.
- Piero Ferrari is vice chairman and a non-executive director.
These are governance and management positions. None of them means that the person personally owns all of Ferrari.
This distinction is easy to miss when reading headlines about Ferrari’s leadership.
The CEO runs the company’s operations. The chairman has a major role in corporate governance. Shareholders own shares and exercise voting rights according to Ferrari’s corporate structure.
Is Ferrari Owned by Fiat?
No.
Fiat played a major role in Ferrari’s history, but it is not Ferrari’s current parent company.
The relationship goes back to 1969, when Fiat purchased a 50% interest in Ferrari from Enzo Ferrari.
Following Enzo Ferrari’s death in 1988, Fiat increased its ownership to approximately 90%, while Piero Ferrari retained the remaining interest.
That arrangement lasted for many years and is one reason people still associate Ferrari with Fiat.
However, Ferrari eventually left that corporate structure.
When Did Ferrari Separate From Fiat?
Ferrari was separated from Fiat Chrysler Automobiles during 2015 and 2016.
Ferrari’s shares began trading on the New York Stock Exchange in 2015 under the ticker RACE. The separation was completed in January 2016, leaving Ferrari as a standalone publicly traded company.
That change is crucial when answering the ownership question.
Fiat’s historical ownership is a fact. But saying Fiat owns Ferrari today is not.
Today, Ferrari N.V. stands as its own publicly traded company.
Is Ferrari Part of Stellantis?
No.
Ferrari is not a Stellantis subsidiary.
The timeline explains why.
Ferrari had already been separated from Fiat Chrysler Automobiles before FCA and PSA Group combined to create Stellantis in 2021.
So Ferrari did not become part of Stellantis when Stellantis was formed.
Ferrari remains a separate publicly traded company.
How Ferrari’s Ownership Changed Over Time
Ferrari’s current structure makes more sense when you know how the company got here.
Enzo Ferrari Founded Scuderia Ferrari
Enzo Ferrari established Scuderia Ferrari in 1929.
The organization began as a racing operation. Ferrari’s automobile business developed later, with the 125 S introduced in 1947 and generally recognized as the first Ferrari-badged road car.
That distinction is worth keeping clear.
Scuderia Ferrari began in 1929, while Ferrari’s own road-car production came later.
Fiat Bought Into Ferrari
In 1969, Enzo Ferrari sold a 50% interest in Ferrari to Fiat.
The deal gave Ferrari access to Fiat’s industrial and financial resources while allowing Enzo Ferrari to remain closely connected with the racing side of the business.
After Enzo Ferrari died in 1988, Fiat increased its stake to approximately 90%.
Piero Ferrari retained the remaining interest.
Ferrari Became Independent
The next major change came decades later.
Ferrari was separated from Fiat Chrysler Automobiles through a corporate spin-off and public listing in 2015 and 2016.
The company became Ferrari N.V., with shares trading publicly under the ticker RACE.
That is the foundation of Ferrari’s current ownership structure.
How Does Ferrari’s Voting System Work?
Ferrari’s ownership becomes easier to understand once you separate economic ownership from voting power.
Economic ownership tells you how much of the company’s ordinary share capital a shareholder holds.
Voting power tells you how much influence those shares provide when shareholders vote.
Because Ferrari has special voting arrangements for qualifying long-term shareholders, those percentages do not always match.
For example, Exor’s 21.33% economic stake corresponded to 32.32% voting power.
Likewise, Trust Piero Ferrari’s 10.67% common-share interest corresponded to approximately 16.17% voting power held by Piero Ferrari.
That is why simply looking at the percentage of shares can give you an incomplete picture.
What Does the Ferrari Ownership Structure Mean?
There are three useful points to take from Ferrari’s structure.
First, Exor is the largest individual shareholder.
Second, Piero Ferrari remains a major shareholder and a direct link to Enzo Ferrari’s family.
Third, most of Ferrari’s common shares are held outside those two major shareholder groups.
Ferrari’s February 2026 figures showed 64.20% of outstanding common shares under other public shareholders.
BlackRock was also a disclosed shareholder, with approximately 3.80% of common shares and 3.38% of voting rights at that time.
The public-company structure therefore remains an important part of Ferrari’s identity.
Three Common Mistakes About Ferrari Ownership
“Fiat owns Ferrari.”
This is outdated.
Fiat historically owned a controlling stake, but Ferrari was separated from FCA in 2015–2016 and became an independent public company.
“Exor owns Ferrari.”
That statement is incomplete.
Exor is Ferrari’s largest shareholder, but it owns about 21.33% of the common shares based on the February 4, 2026 disclosure, not the entire company.
“Piero Ferrari owns Ferrari.”
Piero Ferrari owns a significant interest, but not the whole company.
His interests represented approximately 10.67% of common shares and 16.17% of voting power as of February 4, 2026.
Ferrari Ownership Compared With Other Automakers
Ferrari’s structure looks unusual when compared with companies that operate inside larger automotive groups.
| Company | Current ownership model | Main difference |
|---|---|---|
| Ferrari | Publicly traded standalone company | Exor is the largest shareholder |
| Lamborghini | Part of Volkswagen Group | Operates within a larger automotive group |
| Maserati | Part of Stellantis | Not a separately listed automaker |
| Porsche AG | Publicly traded | Part of the wider Volkswagen/Porsche corporate structure |
| Aston Martin | Publicly traded | Ownership is distributed among shareholders |
The important point is not which company has the most valuable brand.
It is the corporate structure. Ferrari operates as a separate listed luxury automaker rather than as a brand sitting inside Stellantis, Volkswagen Group, or another mass-market automotive parent.
What Should You Check Before Quoting Ferrari’s Ownership?
If you are researching Ferrari ownership for an article, investment research or general interest, do not rely on an old percentage copied from another website.
Start with Ferrari’s latest annual report or regulatory filing.
Then check the date attached to the ownership figures. Ferrari’s 21.33% figure for Exor, for example, is specifically associated with February 4, 2026.
After that, look separately at common-share ownership and voting rights.
Finally, check Ferrari or Exor announcements for shareholder agreements or other major ownership changes.
This approach prevents one of the most common mistakes in corporate ownership research: presenting an old percentage as if it were today’s number.
Recent Ferrari Ownership Developments in 2026
The biggest ownership-related development in 2026 was the renewal of the Exor and Ferrari family shareholder agreement.
The announcement came on January 3, 2026, and extended the agreement through January 4, 2029, subject to its contractual terms.
Ferrari also released its 2025 financial results in February 2026.
The company reported approximately €7.146 billion in revenue and approximately €1.600 billion in net profit for 2025.
Those figures describe Ferrari’s financial performance, not a change in who owns the company.
That distinction matters. A company’s earnings, share price and ownership structure are related, but they are not the same thing.
What Could Change in Ferrari’s Ownership?
There is no responsible way to state that Ferrari will be sold, taken private or acquired in the future unless the company or its shareholders announce such a transaction.
What is confirmed is that the Exor-Ferrari family agreement runs through January 4, 2029, subject to its terms.
Ferrari’s loyalty-voting structure can also affect the relationship between economic ownership and voting power as shareholder positions change.
So, if you see a claim that another company is about to buy Ferrari, check for an official announcement or regulatory filing before treating it as fact.
Practical Answer: How to Tell Who Owns Ferrari
If you want the answer without getting lost in corporate terminology, use this simple framework:
- Look at Ferrari N.V.’s latest filing.
- Find the date of the shareholder information.
- Identify the largest shareholders.
- Check both ordinary shares and voting rights.
- Look for current shareholder agreements.
- Separate ownership from management roles.
- Ignore old references to Fiat unless the article is discussing Ferrari’s history.
This method gives you a much more reliable answer than simply searching for the name of Ferrari’s “owner.”
Who Should Use This Information?
This ownership breakdown is useful if you want to understand Ferrari’s corporate structure, research its shareholders, follow its governance or simply settle the common question of whether Fiat or the Agnelli family still owns Ferrari.
It is also useful when reading Ferrari business news because ownership, voting power and management can involve different people.
Who Should Avoid Using Old Ownership Figures?
Anyone researching Ferrari today should be careful with articles that give ownership percentages without a reporting date.
Publicly traded companies can have changes in shareholdings over time.
For Ferrari, the safest approach is to attach the date to every ownership percentage rather than treating one filing as a permanent snapshot.
Who Owns Ferrari? Final Answer
So, who owns Ferrari?
Ferrari N.V. is a publicly traded company owned by its shareholders. Exor N.V. is the largest shareholder, while Piero Ferrari remains a major shareholder through the Trust Piero Ferrari structure.
As of February 4, 2026, Exor held 21.33% of Ferrari’s common shares and approximately 32.32% of its voting power. Piero Ferrari’s interests represented 10.67% of common shares and approximately 16.17% of voting power.
The Fiat connection belongs to Ferrari’s history, not its current ownership. Ferrari became a separate public company after its separation from Fiat Chrysler Automobiles in 2015–2016.
The interesting part is that Ferrari managed to become independent without losing either its public-market identity or the presence of its founder’s family among its major shareholders.
Frequently Asked Questions
Who owns Ferrari now?
Ferrari is owned by the shareholders of Ferrari N.V., because it is a publicly traded company. Exor N.V. is the largest shareholder, while Piero Ferrari and other institutional and public investors also hold shares. Ferrari’s latest ownership figures in the supplied data are dated February 4, 2026.
Who is Ferrari’s largest shareholder?
Exor N.V. is Ferrari’s largest shareholder. As of February 4, 2026, Exor held 21.33% of Ferrari’s outstanding common shares and approximately 32.32% of its voting power. The difference comes from Ferrari’s loyalty-voting structure.
Does Fiat still own Ferrari?
No, Fiat does not currently own Ferrari as its parent company. Fiat historically held a controlling stake, but Ferrari was separated from Fiat Chrysler Automobiles during 2015 and 2016. Ferrari is now a separate publicly traded company.
Does the Agnelli family own Ferrari?
The Agnelli family is connected to Ferrari through Exor, its investment company. Exor is Ferrari’s largest shareholder, but Ferrari is not wholly owned by the Agnelli family because other shareholders also own the company.
Does Piero Ferrari own Ferrari?
Yes, Piero Ferrari remains a major shareholder, but he does not own the entire company. Trust Piero Ferrari held approximately 10.67% of Ferrari’s common shares as of February 4, 2026, while Piero Ferrari held approximately 16.17% of voting power.
Is Ferrari publicly traded?
Yes. Ferrari N.V. is a publicly traded company, and its shares trade under the ticker RACE. Ferrari became an independent publicly traded company following its separation from Fiat Chrysler Automobiles in 2015–2016.
Is Ferrari part of Stellantis?
No. Ferrari is not owned by Stellantis and does not operate as a Stellantis subsidiary. Ferrari had already separated from Fiat Chrysler Automobiles before FCA and PSA Group merged to form Stellantis.
Why does Exor have more voting power than shares?
Ferrari has a loyalty-voting structure that can give qualifying long-term shareholders additional voting rights. That is why Exor’s 21.33% economic ownership corresponded to approximately 32.32% voting power as of February 4, 2026.
Who is Ferrari’s CEO?
Benedetto Vigna is Ferrari’s chief executive officer. John Elkann is the executive chairman, while Piero Ferrari is vice chairman and a non-executive director. These management and governance roles should not be confused with ownership of the company.
Who is Ferrari’s chairman?
John Elkann is Ferrari’s executive chairman. He is also closely connected with Exor, but being Ferrari’s chairman does not mean that he personally owns Ferrari.
Has Ferrari been sold recently?
The supplied 2026 information does not show a confirmed sale of Ferrari. Instead, the major ownership development was the renewal of the Exor and Ferrari family shareholder agreement on January 3, 2026, extending it through January 4, 2029 under its stated terms.
