As one of the most talked-about figures, Luca di Montezemolo has built a significant fortune. Our team analyzed the latest data to provide a clear picture of their income.
What Is Luca di Montezemolo's Net Worth and Salary?
Luca Cordero di Montezemolo was born on August 31, 1947, in Bologna, Italy. He is the youngest son of Massimo, a Piedmontese aristocrat, and Clotilde, niece of renowned surgeon Vincenzo Neri. Both his grandfather and great-grandfather served as generals in the Italian Army, while his uncle was a commander in World War II. For his higher education, Montezemolo went to the Sapienza University of Rome, where he earned a law degree. He then moved to the United States to attend Columbia University in New York City, from which he obtained a master's degree in international commercial law.
As president, he made it his aim to once again win the Formula One World Championship. In hopes of accomplishing this feat, Montezemolo appointed Formula One champion Lauda as a consultant and promoted Claudio Lombardi to team manager. His work paid off, as Ferrari's team won the Constructors' Championship in 1999 and the World Drivers' Championship in 2000.
In the '80s, Montezemolo held a variety of roles at subsidiaries of Fiat; among them, he served as the managing director of vermouth brand Cinzano and the director of the publishing company Itedi. Additionally, he managed the yacht racing team Azzurra, the first Italian yacht club to enter the America's Cup competition, and became the manager of the organizing committee for the 1990 FIFA World Cup. In the early '90s, Luca was named the president of Ferrari, which had been floundering since Enzo's passing in 1988.
Luca went on to become the chairman of Fiat in 2004, a position he held until 2010. In 2014, he resigned as president and chairman of Ferrari.
WithMichael Schumacherat Ferrari's wheel, between 2000 and 2004, the team won five consecutive F1 championships.
As Chairman and CEO of Ferrari racing, Luca oversaw 19 world drivers' and constructors' championships. He also oversaw Ferrari's rise from an exotic luxury car company to a world-dominating lifestyle brand.
In September 2014, Montezemolo resigned as Ferrari's president and chairman, reportedly due to tension between himself andSergio Marchionne, his intended successor and the CEO of FIAT Chrysler. Less than a year later, in the summer of 2015, his long career in the field of motorsports was ceremoniously rewarded by way of an induction into the International Motorsports Hall of Fame.
Montezemolo started his career racing with his friend Cristiano Rattazzi in a Giannini Fiat 500. He later drove for the Lancia rally team HF Squadra Corse. Luca went on to join the automotive manufacturing conglomerate Fiat, based in Torino, Italy. Subsequently, in 1973, he joined luxury auto manufacturer Ferrari, where he served as an assistant to racer and entrepreneurEnzo Ferrari. The next year, Montezemolo became the manager of Ferrari's racing division, Scuderia. During his time in that position, Scuderia won the Formula One World Drivers' Championship in both 1975 and 1977, both times with driverNiki Lauda. Luca was eventually promoted to the head of Fiat's racing activities and then to the position of Fiat's senior manager.
Luca di Montezemolo is an Italian businessman and former Chairman of Ferrari who has a net worth of $350 million. Hailing from an aristocratic Piedmontese family, Luca di Montezemolo previously chaired the automotive manufacturing conglomerate Fiat and its luxury sports car brand Ferrari. Among his myriad other activities, Montezemolo served as the president of the Italian employers' federation Confindustria and is the president of the high-speed train operating company NTV, which he also co-founded.
Ultimately, Luca di Montezemolo's financial journey is a testament to their success.
Disclaimer: All net worth figures are estimates based on public data.
