Ferrari Heir Sets Up Succession Plan for His Supercar Billions
Piero Ferrari is transferring his 10% stake in the Italian automaker to a trust benefitting his daughter and grandsons.
Ferrari’s prancing horse logo.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Piero Ferrari, the son of the supercar-maker’s founder, is designing a succession plan that involves his most iconic asset: Ferrari NV shares.
Piero, 77, the company's vice chairman, set up a family trust this month to oversee the roughly 10% stake he inherited from his father Enzo Ferrari, according to a US regulatory filing late Monday. The trust’s beneficiaries are Piero’s daughter Antonella and grandsons Enzo Mattioli Ferrari and Piero Galassi Ferrari, though he will retain voting control over the shares during his lifetime.