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Luca Cordero di Montezemolo

Luca Cordero di Montezemolo

Born 1947 · Age 78

Italian businessman and motorsport executive; long-time chairman of Ferrari and Fiat, founder/co-founder of several businesses and think tanks, motorsport manager and industry figure.

Total Events
45
Career Span
78 years
Peak Net Worth
$380,000,000

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Life & Career Timeline

1947Age 0

Birth in Bologna, Italy

Born Luca Cordero di Montezemolo into an aristocratic Piedmontese family.

8/31/1947Source
Confidence
99%
1971Age 24

Graduated in law from La Sapienza University

Completed a law degree at La Sapienza University (University of Rome).

1/1/1971Net Worth: $5,000Source
Confidence
95%
1972Age 25

Studied international commercial law at Columbia University

Attended Columbia University in New York for master's studies in international commercial law and worked at a New York law firm.

1/1/1972Net Worth: $8,000Source
Confidence
90%
1973Age 26

Joined Fiat / Became Enzo Ferrari's assistant

Hired into the FIAT group and invited by Enzo Ferrari to be his personal assistant at Ferrari.

1/1/1973Net Worth: $20,000Source
Confidence
95%
1974Age 27

Appointed Sporting Director of Scuderia Ferrari

Named sporting director (manager) of Scuderia Ferrari's racing team.

1/1/1974Net Worth: $50,000Source
Confidence
95%
1975Age 28

Ferrari wins F1 World Championship (Niki Lauda)

During Montezemolo's early management involvement Ferrari won the Formula One World Drivers' Championship with Niki Lauda.

1/1/1975Net Worth: $100,000Source
Confidence
95%
1976Age 29

Promoted to head of all FIAT racing activities

Elevated to lead all of FIAT's racing operations.

1/1/1976Net Worth: $150,000Source
Confidence
90%
1977Age 30

Ferrari wins F1 World Championship (Niki Lauda); promoted at FIAT

Ferrari won another World Championship with Niki Lauda; Montezemolo advanced to a senior management position at FIAT.

1/1/1977Net Worth: $200,000Source
Confidence
95%
1980Age 33

Held senior roles across the FIAT group

During the 1980s Montezemolo served in multiple positions across FIAT, including managing director of Cinzano and director of Itedi (publishing).

1/1/1980Net Worth: $400,000Source
Confidence
80%
1982Age 35

Managed Team Azzurra's America's Cup challenge

Managed the first Italian yacht club entry into the America's Cup (Team Azzurra).

1/1/1982Net Worth: $300,000Source
Confidence
90%
1985Age 38

Manager of the Organizing Committee for 1990 World Cup Italia

Led the Organizing Committee that successfully brought the 1990 FIFA World Cup to Italy.

1/1/1985Net Worth: $450,000Source
Confidence
90%
1991Age 44

Joined Formula One board as non‑executive member

Held a non‑executive seat on the Formula One board starting in 1991 (noted as 1991–2014, then again from 2014 onward).

1/1/1991Net Worth: $2,000,000Source
Confidence
90%
1991Age 44

Appointed President of Ferrari

In November 1991 FIAT Chairman Gianni Agnelli appointed Montezemolo president of Ferrari to revive the company after Enzo Ferrari's death.

11/1/1991Net Worth: $2,000,000Source
Confidence
98%
1996Age 49

Instrumental in signing Michael Schumacher to Ferrari

Played a key role in recruiting Michael Schumacher to Ferrari, a move that helped catalyze the team's late-1990s/2000s success.

1/1/1996Net Worth: $10,000,000Source
Confidence
85%
1997Age 50

Received Lorenzo Bandini Trophy

Awarded the Lorenzo Bandini Trophy in recognition of contribution to motorsport (1997).

1/1/1997Net Worth: $52,000,000Source
Confidence
90%
1997Age 50

Became President of Maserati after acquisition

When Ferrari acquired Maserati in 1997, Montezemolo took on Maserati's presidency (held until 2005).

1/1/1997Net Worth: $50,000,000Source
Confidence
90%
1997Age 50

NTV / Italo (co‑founder) — company profile noted

Montezemolo is cited as one of the founders and a former president of NTV (Nuovo Trasporto Viaggiatori), Europe's first private open access operator of 300 km/h high‑speed trains. (Founding year not explicit in text; included as significant role.)

1/1/1997Net Worth: $50,000,000Source
Confidence
55%
1999Age 52

Ferrari wins Formula One Constructors' Championship

Under Montezemolo and Jean Todt Ferrari won the Constructors' Championship for the first time since 1983.

1/1/1999Net Worth: $80,000,000Source
Confidence
95%
2000Age 53

Marriage to Ludovica Andreoni

Montezemolo married Ludovica Andreoni (marriage recorded as 2000; later separated in 2018).

1/1/2000Net Worth: $125,000,000Source
Confidence
90%
2000Age 53

Ferrari wins Drivers' World Championship (Michael Schumacher)

Ferrari, under Montezemolo's leadership, won the Drivers' Championship in 2000 — the marque's first since 1979.

1/1/2000Net Worth: $120,000,000Source
Confidence
95%
2004Age 56

Elected Chairman of Fiat S.p.A. (late May 2004)

Following the death of Umberto Agnelli (28 May 2004), Montezemolo was elected chairman of Fiat S.p.A., Ferrari's parent company (elected in late May 2004).

5/1/2004Net Worth: $220,000,000Source
Confidence
90%
2004Age 56

Elected President of Confindustria

On 27 May 2004 Montezemolo became president of the Italian employers' federation Confindustria.

5/27/2004Net Worth: $200,000,000Source
Confidence
98%
2004Age 57

Appointed President of LUISS University

On 20 December 2004 Montezemolo became president of LUISS (Libera Università Internazionale degli Studi Sociali Guido Carli).

12/20/2004Net Worth: $225,000,000Source
Confidence
95%
2005Age 58

Ended presidency of Maserati (1997–2005)

Concluded his role as president of Maserati, which he had held since Ferrari acquired the marque in 1997.

1/1/2005Net Worth: $240,000,000Source
Confidence
90%
2008Age 61

FOTA presidency (2008–2010)

Served as president of the Formula One Teams Association; led committee meetings to discuss improvements to F1.

1/1/2008Net Worth: $255,000,000Source
Confidence
95%
2008Age 61

Founded Formula One Teams Association (FOTA)

On 29 July 2008 Montezemolo founded FOTA to coordinate team positions on improving Formula One; he presided over it from 2008 to 2010.

7/29/2008Net Worth: $250,000,000Source
Confidence
98%
2009Age 62

Founded 'Future Italy' (Italia Futura) think tank

Created the free-market think tank Future Italy (Italia Futura), later involved in Civic Choice's 2013 election campaign.

1/1/2009Net Worth: $260,000,000Source
Confidence
95%
2010Age 63

Stepped down as FOTA president; replaced by Martin Whitmarsh

Around 2010 Montezemolo was replaced as FOTA president by McLaren CEO Martin Whitmarsh.

1/1/2010Net Worth: $275,000,000Source
Confidence
90%
2010Age 62

Noted as best‑paid executive in Fiat Group (2010)

In 2010 Montezemolo's salary was reported as more than twice that of Fiat CEO Sergio Marchionne — making him the best-paid executive in the group at the time.

1/1/2010Net Worth: $270,000,000Source
Confidence
85%
2010Age 62

Replaced as Chairman of Fiat by John Elkann

In April 2010 John Elkann replaced Montezemolo as chairman of Fiat S.p.A.

4/1/2010Net Worth: $265,000,000Source
Confidence
96%
2012Age 65

Reported resignation/exit from NTV board

Cited as having left the board/role at Nuovo Trasporto Viaggiatori (NTV) around 2012 (sources report he quit as chairman in Oct 2012).

1/1/2012Net Worth: $305,000,000Source
Confidence
90%
2012Age 64

Issued a suspended one-year sentence (Anacapri case)

In May 2012 a Naples court issued Montezemolo a suspended sentence of one year for unauthorized construction of his residence in Anacapri.

5/7/2012Net Worth: $300,000,000Source
Confidence
95%
2012Age 65

Quit as chairman of NTV (Italo)

Reportedly stepped down/quit as chairman of Nuovo Trasporto Viaggiatori (NTV) in October 2012.

10/24/2012Net Worth: $305,000,000Source
Confidence
90%
2013Age 66

Future Italy joined Civic Choice for 2013 election

The think tank Future Italy (founded by Montezemolo) joined the Civic Choice alignment in the 2013 Italian parliamentary election.

1/1/2013Net Worth: $310,000,000Source
Confidence
90%
2014Age 67

Appointed Non‑Executive Chairman of Alitalia

Took the role of Non‑Executive Chairman of the board of Alitalia (tenure cited as 2014–2017).

1/1/2014Net Worth: $320,000,000Source
Confidence
90%
2014Age 67

FOTA formally dissolved (association lifecycle)

Formula One Teams Association (FOTA), which Montezemolo founded in 2008 and presided until 2010, was formally dissolved in 2014.

1/1/2014Net Worth: $320,000,000Source
Confidence
85%
2014Age 67

Resigned as President and Chairman of Ferrari

On 10 September 2014 Montezemolo resigned as president and chairman of Ferrari and was replaced by Sergio Marchionne.

9/10/2014Net Worth: $320,000,000Source
Confidence
97%
2014Age 67

Returned to Formula One board

Reported by Reuters on 18 December 2014 that Montezemolo returned to the Formula One board as a non‑executive member.

12/18/2014Net Worth: $323,000,000Source
Confidence
95%
2015Age 67

Became committee president for Rome 2024 Olympic bid

In February 2015 appointed committee president of Rome's bid for the 2024 Summer Olympics.

2/1/2015Net Worth: $340,000,000Source
Confidence
90%
2015Age 67

Inducted into the Automotive Hall of Fame

In July 2015 Montezemolo was inducted into the Automotive Hall of Fame in recognition of his impact on the auto industry and motorsport.

7/1/2015Net Worth: $350,000,000Source
Confidence
98%
2016Age 69

Named in Panama Papers

Montezemolo's name was mentioned in the Panama Papers financial document leaks in April 2016.

4/1/2016Net Worth: $338,000,000Source
Confidence
90%
2017Age 70

Received the America Award (Italy‑USA Foundation)

Awarded the America Award by the Italy‑USA Foundation in 2017.

1/1/2017Net Worth: $360,000,000Source
Confidence
90%
2017Age 69

Stepped down from UniCredit board (Vice Chairman)

Reportedly stepped down from the UniCredit Board of Directors (he had been an independent board member from 2012–2017).

4/20/2017Net Worth: $360,000,000Source
Confidence
95%
2018Age 71

Separated from Ludovica Andreoni

Marriage recorded as separated in September 2018 (married in 2000; separated 2018).

9/1/2018Net Worth: $360,000,000Source
Confidence
90%
2025Age 77

Appointed Director of McLaren Group Holdings Ltd

Reported on 28 June 2025 that Montezemolo was appointed a director of McLaren Group Holdings Ltd.

6/28/2025Net Worth: $380,000,000Source
Confidence
88%