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Luca di Montezemolo Biography, Career And Net Worth

Luca di Montezemolo is a well-known Italian businessman and former Chairman of Ferrari. Luca di Montezemolo’s net worth is $350 million. He comes from an aristocratic Piedmontese family. Luca previously led the automotive corporation Fiat and its luxury sports car brand Ferrari. Montezemolo is the president of the Italian employers’ union Confindustria, as well as the president of the high-speed train operating business NTV, which he also co-founded.

As Chairman and CEO of Ferrari Racing, Luca was in charge of 19 global driver & constructors championships. Luca also managed Ferrari’s transformation from an exotic luxury automobile manufacturer to a world-dominating lifestyle brand.

Montezemolo quit as Ferrari’s president and chairman in September 2014, apparently owing to disagreements with Sergio Marchionne, his designated successor and CEO of FIAT Chrysler. Less than a year later, in the summer of 2015, his extensive career in motorsports was formally recognised with induction into the International Motorsports Hall of Fame.

Luca di Montezemolo Age: 75 years

Luca di Montezemolo Height: 178 cm

Luca di Montezemolo Net Worth: $350 million

Luca di Montezemolo Wife: Ludovica Andreoni (m. 2000)

Luca di Montezemolo Kids: Clementina Montezemolo, Matteo di Montezemolo, MORE

Luca di Montezemolo Fiat and Ferrari

Montezemolo began his career in a Giannini Fiat 500 with his pal Cristiano Rattazzi. Later in his career, he drove for the Lancia rally squad HF Squadra Corse. Montezemolo then joined the automobile corporation Fiat, headquartered in Torino, Italy. Following that, in 1973, he joined the premium automaker Ferrari as an assistant to racer and entrepreneur Enzo Ferrari. The next year, Montezemolo was named manager of Ferrari’s racing branch, Scuderia. Scuderia won the Formula One World Drivers’ Championship with racer Niki Lauda in both 1975 and 1977 when he was in that position. Montezemolo was later appointed to head of Fiat’s racing operations, and subsequently to Fiat’s senior management.

In the 1980s, Montezemolo held a number of positions at Fiat companies, including managing director of the Cinzano vermouth brand and director of the Itedi publishing firm. He also oversaw the yacht racing team Azzurra, the first Italian sailing club to compete in the America’s Cup, and was the manager of the FIFA World Cup organising committee in 1990. Montezemolo was appointed president of Ferrari in the early 1990s, after the company had struggled since Enzo’s death in 1988.

As president, he declared it his goal to win the Formula One World Championship once more. Montezemolo hired Formula One winner Lauda as a consultant and elevated Claudio Lombardi to team manager in the hopes of completing this accomplishment. His efforts were rewarded when Ferrari won the Constructors’ Championship in 1999 and the World Drivers’ Championship in 2000.

Between 2000 and 2004, Ferrari won five straight Formula One championships with Michael Schumacher at the wheel.

Luca di Montezemolo earned 2.75 million Euros per year during his final years at Ferrari. That was around $3.5 million USD per year at the time. Luca received a $35 million severance package when he left Ferrari. He was also given a $17 million lump sum payout to be paid 20 years later, in 2034.

Luca di Montezemolo Formula One Teams Association

Montezemolo created the Formula One Teams Association in 2008 to provide Formula One teams a unified voice in discussions with the FIA. The goal was to specifically negotiate the parameters of a new commercial deal regulating the tournament. Montezemolo was the association’s president until its formal dissolution in 2014.

Luca di Montezemolo Other Ventures

Outside of motor racing, Montezemolo has been involved in a variety of different projects. Luca was the president of Confindustria, or the General Confederation of Italian Industry, from 2004 until 2008. The Italian employers’ organisation and national chamber of commerce, has over 113,000 member firms and over four million members. Meanwhile, Montezemolo served as president of the famous LUISS University in Rome from 2004 until 2010.

Montezemolo co-founded and became the chairperson of Nuovo Trasporto Viaggiatori, an Italian open-access high-speed train firm, in 2006. NTV, Europe’s first privately-owned, open-access high-speed rail operator, began operations in 2012. Montezemolo founded the liberal-centrist think group Future Italy in 2009, among other things. In 2013, he utilised the think tank to back incumbent Prime Minister Mario Monti in the general election. Future Italy played a key role in the formation of Monti’s Civic Choice party. Montezemolo was appointed non-executive chairman of Alitalia in 2014 and committee president of Rome’s bid for the 2024 Summer Olympics the following year.

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