Ferrari is a renowned Italian company which is involved in producing sports cars since the year 1947 though it has its root from the years 1929 in which it was formed by Enzo Ferrari in which he formed the Scuderia Ferrari racing team. It is one of the most expensive car makers in which the word Ferrari means luxury and speed. Though this company was formed in the year 1939, it got much of its recognition in the year 1947 as an auto manufacturer in the year 1947. This company has been involved actively in the Formula One racing since it commenced producing the sports cars. As a result, it produced some of the most winning drivers as well as Constructors’ Championships. Now lets’ have a close look on the net worth of Ferrari in 2019.
Inception & History
During its commencement, the idea of producing sports cars was not initially in the thought of Enzo Ferrari while he formed Scuderia Ferrari in the year 1929 as his goal was just to produce road cars. He got associated with Alfa Romeo which had withdrawn from its in-house racing team. As a result of this, Ferrari produced as well as took over several popular drivers for the Alfa’s Gran Prix Cars.
He was made the manager of the racing department in the year 1938 after Alfa bought its in-house operation. Enzo however left in which he promised that he would not use the name Ferrari on racing cars for not less than four years. He built the first sports car in the year 1940. However, the first Ferrari-badged car was then produced in the year 1947. This company uses a logo which is a black prancing horse which was in a way a gift to its founder known as Enzo Ferrari. He had met Countess Paolina who was the mother of the hero of the World War I after he had won a race. Her son used to paint this horse inside of the plane, and it was suggested to Enzo as it would bring good luck. The horse is also surrounded by a yellow shield.
Achievements, Awards & Nominations
Ferrari produced its first racing car which was 125 S model. It then built the mid-engined cars which were mid-engined cars in the 1980s and 1990s known as Berlinetta Boxer which was their first introduction. After this, they have produced different models each year. Some of the models include; the Ferrari Mythos which were concept cars.
They do an in-house personalization service in which they do design as well as self-engineering themselves. They, however, collaborate with other external design companies such as Pininfarina and Fioravanti. They realize Ferrari SP1 in 2008 which was under a special program. Some of its current models include; the 488 GTB, California T, Ferrari 488 Spider, F12tdf, F12berlinetta, LaFerrari, GTC4Lusso, and LaFerrari Aperta. They have been awarded several times for their achievements.
Net Worth & Earnings
Ferrari has an estimated net worth of somewhere around $10 billion. This is from the fortunes this company makes through selling its expensive car brands. It emerged as the most expensive car brand in the year 1962 when Ferrari 250 GTO got sold at $38.1 million. It has a revenue of more than 2.85 billion Euros having produced more than 7664 units.
Ferrari has had much success through which they have developed their stores in major countries. In addition to this, they have maintained the quality to ensure that they meet the customer’s expectations.