To say that Ferrari is a successful company is an understatement. The most successful people in the world own these cars so other people know how successful they are. But how successful was Enzo himself? And how successful has his family been since his death?

Jerry

took a deep dive through the sticky web of the internet to find out more.

Enzo Ferrari and his company: a short history

Enzo Ferrari was born in Modena, Italy, in 1898 and grew up in a home his father used as a metalworking shop. After being inspired to become a

racecar driver

at age 10, he landed his first job in the sport after WWI, debuting as a test driver in 1919.

The following year, he began racing for Alfa Romeo and continued competing until 1932, when he began managing a racing team for the company. His partnership with Alfa Romeo lasted until 1939, just before WWII broke out.

After the war, Enzo relocated back to Modena and founded Ferrari in 1947, and the company’s team quickly became the one to beat in

Formula One

and Le Mans. That same year, consumer sports cars were reluctantly introduced to fund the racing program.

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Enzo Ferrari’s fortune

The question of Enzo Ferrari’s finances is not as straightforward as you’d imagine. Online sources claim that at his death, his net worth was $100 million. But they also say that the man was chronically in debt because of how much his racing team cost to run.

In fact, in 1969, to keep Ferrari afloat, Enzo sold 50% of the family that owned Fiat at the time, the Agnellis. When he died in 1988,

Celebrity Net Worth

says the Agnellis bought another 40% of Ferrari, with Enzo’s son Piero inheriting the remaining 10%.

Today, Piero still owns his 10% stake in his father’s company and actually increased it by 0.23% in 2020. Based on the company’s current value, his shares are worth over $5 billion.

The cost of owning a Ferrari

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Get this: financially, Ferrari is the 12th largest car manufacturer in the world, even though they only sell about 10,000 cars every year. How is this possible? Well, you can’t get your hands on a new one with anything less than $200,000. That’s how.

Sometimes, hearing the price of a new Ferrari can fail to shock. We know they’re expensive. But seeing the impact of those starting prices on a larger scale might renew that sense of awe.

If you need another way of looking at it, remember that the initial cost for a Ferrari is just the beginning of what you’ll pay to own one. You’ll want to pay for agreed-value collector

car insurance

to protect your investment, which will cost you roughly $10,000 every year.

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