Ferrucio Lamborghini Net Worth at Death – Salary, Income, Earnings

Ferrucio Lamborghini Net Worth

Ferrucio Lamborghini had an estimated net worth of $111 million at death. Ferruccio Lamborghini was an Italian industrialist who is best recognized as the founder of the high-end sports cars company Automobili Lamborghini in Sant’Agata Bolognese, northern Italy.  He earned most of his income from his automobile business. 

He grew up as the son of grape farmers, tinkering with machinery and studying mechanics in college before serving as a vehicle maintenance supervisor during WWII. He later established a garage, which grew into the tractor manufacturing company Lamborghini Trattori. In addition to these two vehicle companies, he founded Lamborghini Bruciatori, an oil heater factory that later became Lamborghini Calor, which also manufactured air conditioners, and Lamborghini Oleodinamica, a hydraulic valves, and equipment manufacturing company.

While he is best known for his involvement in the luxury car industry, it is said that he was inspired to become a car manufacturer after being insulted by racer and businessman Enzo Ferrari, founder of the Ferrari car brand, when he approached the latter with complaints about Ferrari’s after-sales service.

To calculate the net worth of Ferrucio Lamborghini, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Ferrucio Lamborghini
Net Worth: $111 million
Monthly Salary: $700 Thousand+
Annual Income: $10 Million
Source of Wealth: Entrepreneur, Engineer, Designer

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Early Life

Ferruccio Lamborghini was born in Renazzo di Cento, Province of Ferrara, Emilia-Romagna, Northern Italy, on April 28, 1916. Ferruccio Lamborghini’s parents, Antonio and Evelina Lamborghini, were viticulturists, but he was more interested in farming machinery and studied mechanics at the Fratelli Taddia technical institute near Bologna.

During WWII, he joined the Italian Royal Air Force and was assigned as the supervisor of the vehicle maintenance unit at the Italian garrison on the Greek island of Rhodes. When the Germans surrendered to the British at the end of the war in 1945, Rhodes was taken prisoner and forced to work on allied vehicles until the following year.

Career

Ferruccio Lamborghini returned to Italy and opened a garage in Pieve di Cento, where he modified his old Fiat ‘Topolino’ 500 by replacing its saloon body with an open-top two-seater frame. He also created a special overhead-valve head for its engine and competed in the 1948 Mille Miglia with his custom-built 750-cc car, though his run was cut short when he crashed into a local restaurant in Fiano, Turin.

On his father’s request, he built a tractor with a six-cylinder Morris engine, a General Motors transmission, and a Ford differential for power transmission in 1947, using parts from military vehicle engines. The model, the first of his ‘Carioca’ tractors, included a fuel atomizer he designed, allowing the vehicle to start on petrol and then switch to diesel to save money on the expensive fuel.

The tractor became very popular with his father’s friends in post-war Italy, which was focused on rebuilding agriculture, and Ferruccio Lamborghini noticed the demand and established his tractor manufacturing company, Lamborghini Trattori, in his garage. In the years that followed, the company grew to become one of Italy’s largest manufacturers of agricultural equipment.

He quickly moved on to other ventures, including the oil heater factory Lamborghini Bruciatori, which he founded in 1959. Later, the company expanded into the production of air conditioning equipment and relocated to a larger facility, Lamborghini Calor, which had increased production capacity for air conditioners, boilers, and burners.

As Ferruccio Lamborghini’s fortune grew, he refocused his attention on fast cars, purchasing vehicles from a variety of manufacturers and frequently analyzing and customizing them to his liking. After Enzo Ferrari, the Ferrari car manufacturer, dismissed his concerns about a Ferrari 250 GT he had purchased, he remodeled it to outperform the stock model and decided to launch his own automobile line.

In 1963, he established Automobili Lamborghini and began producing refined grand touring car models known for their power and comfort. Following the 1966 launch of the Miura sports coupé, which standardized the rear mid-engine, rear-wheel-drive layout for high-performance cars, the company gained widespread recognition.

After a decade of rapid growth, his companies began to face financial difficulties in the early 1970s, particularly Lamborghini Trattori, which experienced large order cancellations.

In 1972, he sold his entire stake in the tractor company to rival SAME, and then 51 percent of Automobili Lamborghini to friend and Swiss businessman Georges-Henri Rossetti.

He gradually distanced himself from the company’s affairs after giving up a controlling share, and after the 1973 worldwide stock-market crash and oil crisis, he sold the remaining shares. He did, however, continue to run Lamborghini Calor, a heating and air conditioning company, as well as Lamborghini Oleodinamica, a hydraulic valves and equipment manufacturer.

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Family & Personal Life

Ferruccio Lamborghini married for the first time shortly after returning from World War II in 1946. His wife, Clelia Monti, died the following year while giving birth to their first child, a boy named Tonino, who later moved to Japan and started his clothing and accessory business.

In 1974, he purchased ‘La Fiorita,’ an estate on the shores of Lake Trasimeno in Castiglione del Lago, Umbria, in the province of Perugia. He enjoyed hunting, golfing, making wine, and even designing his own golf course.

After his second marriage to Anna Borgatti ended in divorce, he married Maria Theresa Cane and had Patrizia at the age of 58. On his Umbrian estate, his daughter now runs the Lamborghini winery.

Lamborghini, 76, died on February 20, 1993, at Silvestrini Hospital in Perugia, two weeks after suffering a heart attack, and was buried in Renazzo Cemetery. His son, who created the electric microcar ‘Town Life,’ established a museum in his father’s honor in 1995, which was later relocated to Argelato, Bologna, and is now known as the Ferruccio Lamborghini Museum.

Ferrucio Lamborghini Quotes

“Mechanics was in my blood.”

 

“It’s very simple. In the past, I have bought some of the most famous Gran Turismo cars and in each of these magnificent machines I have found some faults. Too hot. Or uncomfortable. Or not sufficiently fast. Or not perfectly finished. Now I want to make a GT car without faults. Not a technical bomb. Very normal. Very conventional. But a perfect car.”

 

“Ferrari never spoke to me again. He was a great man, I admit, but it was so very easy to upset him.” 

 

 “A normal chap, a man who likes creating things. A good worker in the morning, and a man who likes enjoying himself in the afternoon.”

 

“I’m not interested in ending up like my colleagues, with heart problems!”

 

“I wanted a compact, elegant car with twelve cylinders of high cubic capacity, four carburetors and large valves. A sturdy machine, with dry sump lubrication.”

 

“The publicity alone is worth more to me than I’m getting for the car. Every one I build [will be] like winning a Grand Prix, and people will talk about it for long after they have forgotten who won the race.”

View our larger collection of Ferrucio Lamborghini quotes.

Further Reading

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