Meet the Ferrari heir who is about to become a billionaire

This month, Fiat Chrysler will spin off its most valuable asset — legendary Italian supercar maker Ferrari — in an IPO that values the company at nearly $US10 billion. One of the biggest beneficiaries of the deal will be Piero Ferrari whose 10% stake in the company will make him a billionaire, according to Bloomberg’s Billionaires Index.

Ferrari, who is currently a vice chairman of the company, has been involved with the family business for three decades. Unlike many heirs of high-profile companies, he has remained low key — preferring to work in the background as opposed to hunt for the spotlight.

The Ferrari IPO is expected to boost Piero Ferrari's net worth to an estimated $1.3 billion, according to the Bloomberg Billionaires Index. This includes a 10% stake in the family business that could be worth as much as $982 million.

Ferrari

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