[8] After Dino's death, Enzo made Piero one of his principal heirs, giving him a 10% stake in the Ferrari company.

[9] Enzo had met Lina Lardi in the late 1930s, when she was working at Carrozzerie Orlandi, a coachbuilder company in Modena.

The two began a romantic affair soon after; their son, Piero, was born on 22 May 1945;[1] and Enzo and Lina continued their relationship until Ferrari's death in 1988.

[10] As divorce was illegal in Italy until 1975, Piero could not be acknowledged as a Ferrari family member until the death of Enzo's estranged wife, Laura, on 27 February 1978.

[14] In 1964, he obtained a high school diploma with the mechanics course of the Fermo Corni Technical Institute in Modena, an istituto tecnico industriale.

In the early 1970s he was officially hired as technical supervisor, with the task of listing, describing and archiving defective or ineffective car components.

One of his early jobs was taking the drawings and parts of the 196 Dino to the GT department, acting as a bridge between the road car and racing division.

[16] In 1974 he was moved to the Formula One team, where he worked as a co-organiser, assisting sporting directors Luca Cordero di Montezemolo and Daniele Audetto.

[19] Ferrari is also the chairman of HPE COXA, a company he founded in 1998 with the aim of providing high end engineering services in the mechanical field.

[3] Also in 2019, he acquired the first mega yacht built by Riva—the 50m "RACE"—that launched the new superyacht division of the Ferretti Group.