Meet the Ferrari heir who is about to become a billionaire
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REUTERS/Fadi Al-Assaad
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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 $10 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.
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