Many people know Fiat, Chrysler, and Ferrari, but John Elkann may not be well-known. Elkann has made a name for himself as an executive with drive and vision, even though he comes from many business people who started the Fiat name. Read more about John Elkann’s childhood, schooling, work history, and other hobbies.
Early Years and School
John Elkann is from the wealthy Agnelli family, which ran the Italian car company Fiat. In 1976, he was born in New York City. He lived in many countries as a child and moved a lot. He lived in the U.K., Brazil, France, and Italy. Because of this, he learned to speak Italian, English, Spanish, and Portuguese very well. Elkann said, “My life was always about being in a situation where I had to adapt.”
He went to the Lycée Victor Duruy in Paris to study science. In 2001, he got his engineering degree from the Politecnico di Torino in Turin, Italy. Several internships gave him the chance to learn how the car business works.
He saw how the company worked in the workplace, in marketing, and in sales. He had worked for a company that made headlamps in the U.K., a factory in Poland, and a car shop in France. That year, Elkann was already writing his undergraduate thesis on e-auctions as part of General Electric’s business projects group. That same year, he got a job on Fiat’s board.
Important Achievements
Elkann is the head of business for Stellantis and Ferrari. Exor is a holding business that owns both automakers. He is on the board, chairs the board, and is the CEO of Exor. Forbes’ list of billionaires put him at number 1,445th, with a net worth of $2.1 billion as of May 18, 2022.
His grandfather, Gianni Agnelli, taught him how to work in the family business as he grew up. Because of this, he joined Fiat’s board in 1997 because his grandfather wanted him to after his cousin Giovanni Alberto Agnelli died.
Elkann became vice chair of Fiat in 2004, one year after his grandfather died. The company was having a hard time because its cars didn’t have a good image for being reliable. There was a lot of work between Elkann and the managers to turn the company around. When Luca Cordero di Montezemolo quit as chair of the company in 2010, he was 36.
Stellantis owns many well-known car names, such as Citroen, Fiat, Chrysler, Dodge, Jeep, Peugeot, Maserati, and Alfa Romeo.
Elkann managed the purchase of Chrysler in 2009 while he was in charge of the company. He also played a significant role in the merger of Fiat Chrysler and Peugeot in 2021, which created a new company called Stellantis. The new business has an industrial base in around 30 countries and does business in around 130 areas.
Elkann has a lot of other jobs besides his business interests in making cars. Exor has a stake in Juventus Football Club, which means Elkann has a stake in the team. Since 1897, the league has been in Turin, and the Agnelli family owns it.
Who owns the Ferrari?
This is because Ferrari is a public company, which means that shareholders own most of it. However, the Agnelli family owns 22.9% of Ferrari through its parent business, Exor.
How much does John Elkann make?
John Elkann had a net worth of $2.1 billion as of May 18, 2022. His family has a lot of money, and they started the car company Fiat. Elkann is also the CEO and chair of Exor and Stellantis.
What well-known family owns Juventus?
The Agnelli family owns Juventus F.C. through its parent business, Exor.
In Short
According to John Elkann, the Agnelli family is famous for starting the car company Fiat and having a hand in many other car names, like Ferrari. Elkann is the chairman of Fiat and Ferrari and the chair and CEO of Exor, a company that handles his family’s investments. He also has essential jobs at well-known companies.
Conclusion
- Exor is a holding company with shares in Fiat and Ferrari. John Elkann is the chair and CEO of Exor.
- Elkann was born in New York and has lived in England, Brazil, France, and Italy.
- He comes from the Agnelli family, which started the Fiat car company.
- Since 1997, Elkann has been on the board of Fiat. In 2010, he became chair.
- As CEO, he was in charge when Fiat bought Chrysler and when Fiat Chrysler and Peugeot merged, making a new company called Stellantis.
