Luca Cordero di Montezemolo Net Worth

How much is Luca Worth?

Luca di Montezemolo Net Worth and salary: Luca di Montezemolo is an Italian businessman who is the former Chairman of Ferrari with a net worth of $400 million. Luca di Montezemolo was born August 31, 1947 in Bologna, Italy. Montezemolo’s sporting career began at the wheel of a Giannini Fiat 500 which he raced. Later, Montezemolo briefly drove for the famous privately owned Lancia rally team known as HF Squadra Corse. He joined the auto manufacturing conglomerate FIAT S.p.A., headquartered in Torino, Italy, and in 1973 was moved to Ferrari, where he became Enzo Ferrari’s assistant and, in 1974, manager of the Scuderia. During his involvement with the team, Ferrari won the Formula One World Championship with Niki Lauda in 1975 and 1977. In 1976 Montezemolo was promoted to become head of all FIAT racing activities, and in 1977 he advanced to become a senior manager of FIAT. Throughout the 1980s, Montezemolo occupied a number of positions in the FIAT empire. In 1982, he managed America’s Cup challenge of Team Azzurra, the first Italian yacht club to enter the event. In 1985, he became manager of the Organizing Committee for 1990 World Cup Italia. In November 1991, FIAT Chairman Gianni Agnelli appointed Montezemolo president of Ferrari, which had been struggling since Enzo Ferrari’s death. Montezemolo made it his personal goal to win the Formula One World Constructors’ Championship once again. During the 1990s he resurrected the Ferrari road car business from heavy debts into solid profit. He also took on the presidency of Maserati when Ferrari acquired it in 1997, until 2005. In September of 2014, Montezemolo resigned as Ferrari’s president and chairman, reportedly due to tension between himself and Sergio 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.