Meet the Ferrari heir who is about to become a billionaire

REUTERS/Fadi Al-Assaad

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.