Luca di Montezemolo Net Worth and wage: Luca di Montezemolo is an Italian businessman who’s the previous Chairman of Ferrari with a net worth of $400 million. Luca di Montezemolo was born August 31, 1947 in Bologna, Italy. Montezemolo’s sporting profession started on the wheel of a Giannini Fiat 500 which he raced. Later, Montezemolo briefly drove for the well-known privately owned Lancia rally group often called HF Squadra Corse. He joined the auto manufacturing conglomerate FIAT S.p.A., headquartered in Torino, Italy, and in 1973 was moved to Ferrari, the place he grew to become Enzo Ferrari’s assistant and, in 1974, supervisor of the Scuderia. During his involvement with the group, Ferrari received the Formula One World Championship with Niki Lauda in 1975 and 1977. In 1976 Montezemolo was promoted to change into head of all FIAT racing actions, and in 1977 he superior to change into a senior supervisor of FIAT. Throughout the 1980s, Montezemolo occupied quite a lot of positions within the FIAT empire. In 1982, he managed America’s Cup problem of Team Azzurra, the primary Italian yacht membership to enter the occasion. In 1985, he grew to become supervisor 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 demise. Montezemolo made it his private purpose to win the Formula One World Constructors’ Championship as soon as once more. During the 1990s he resurrected the Ferrari highway automobile enterprise from heavy money owed into strong revenue. He additionally took on the presidency of Maserati when Ferrari acquired it in 1997, till 2005. In September of 2014, Montezemolo resigned as Ferrari’s president and chairman, reportedly attributable to pressure between himself and Sergio Marchionne, his meant successor and the CEO of FIAT Chrysler. Less than a yr later, in the summertime of 2015, his lengthy profession within the area of motorsports was ceremoniously rewarded by the use of an induction into the International Motorsports Hall of Fame.