Ferrari Heir Races Onto World’s Richest List With 400% Stock Boom
Piero Ferrari has seen his wealth soar to $5.6 billion as shares of the supercar manufacturer his late father founded trade near record highs.
A Ferrari Purosangue crossover.
Photographer: Francesca Volpi/BloombergThis article is for subscribers only.
Piero Ferrari put in place a succession plan last year to sustain the wealth his family has accumulated over the past seven decades building supercars emblazoned with the logo of a prancing black horse.
And now, as he prepares to pass on his billions, his fortune is picking up speed.