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Fiat has owned part of Ferrari since 1969 when it bought a 50% stake in the carmaker. Fiat has been Chrysler's parent since right after Chrysler's bankruptcy and government bailout in 2009. Fiat officially took over Chrysler last year as the two companies merged into FCA. Â© 2017 Time Inc.
The current owner or the Chairman of Ferrari is Luca Cordero di Montezemolo. He was born on 31 August 1947 in Bologna and is basically an Italian businessman. Besides Ferrari, he was also Chairman of Fiat S.p.A from 2004 to 2010 and President of Confindustria from 2004 to 2008 and FIEG. From the family background, he is from an upper-class family from the region of Piedmont in Italy with his net worth estimated to be around $400 million.