/ Industry, Motorsport, News / Brakes make Brembo’s chairman a billionaire

Brakes make Brembo’s chairman a billionaire

Linked In Share
Brakes make Brembo’s chairman a billionaire

The Bergamo-based company established its foothold in the racing world 40 years ago. Since then, Brembo has expanded its customer base by supplying braking systems for car manufacturers such as Ferrari SpA and Porsche SE, a business that has made the company’s chairman, Alberto Bombassei, a billionaire.

Demand for the high performance vehicles it equipps has helped Brembo’s share price double in the last year. Revenue increased 11 % to 1.4 billion euros ($1.8 billion) in 2012. Bombassei controls 53.5 percent of Brembo and has a net worth of $1.2 billion.

“One of Brembo’s greatest fortunes has been the opportunity to enter the world of racing in 1975, when the company started to supply Ferrari in Formula One,” Bombassei said in an interview. “This has enabled Brembo over the years to test on the track new technological solutions, which over time have been transferred to road cars and bikes.”

The billionaire’s stake in the brake manufacturer is controlled through the family’s holding company, Nuova Fourb Srl, whose shares are held in equal proportion under the names of Bombassei’s two children, according to Italian newspaper Corriere della Sera.

The stake is credited to Bombassei because the 73-year-old and his wife still receive the income from 80 % of the shares. As patriarch and chairman, the billionaire also retains effective control of the family business.

Brembo was founded by Bombassei’s father, Emilio, and Italo Breda in 1961, when the partners established a workshop making spare parts for vehicles. Their breakthrough came in 1975, when Enzo Ferrari asked the company to equip his F1 racing cars.

Via Bloomberg

by Aurel Niculescu (my Google+) - Thursday, January 23rd, 2014 - filed under Industry, Motorsport, News. Image credit: .
Linked In Share
Related Articles
brakes brembo owner


Discuss: Brakes make Brembo’s chairman a billionaire

Leave a Reply
















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Ferrari 375-Plus sells for more than 10m GBP at Goodwood
Ferrari 375-Plus sells for more than 10m GBP at GoodwoodA classic Ferrari 375-Plus has managed to find itself a new owner at the 2014 Goodwood Festival of Speed, who has paid no less ...
Hyundai Veloster might not get a second generation
Hyundai Veloster might not get a second generationHyundai is planning to pull the plug on the Veloster as the model in question has seen weak sales. When it was first unveiled a ...
Hyundai i40 facelift gets spied
Hyundai i40 facelift gets spiedOur spy photographers have managed to capture the facelifted version of the Hyundai i40 while it was being tested out in ...
Next-gen BMW 7-Series LWB spied
Next-gen BMW 7-Series LWB spiedThe next generation of the BMW 7-Series will give birth to a new body style of the flagship sedan, the long ...
US June’s model sales winners
US June’s model sales winnersWhile so far in recent months pickup trucks and SUVs have been driving up the sales in the US new car market, June brought in ...
Dan Bilzerian orders Brabus G63 AMG 6×6
Dan Bilzerian orders Brabus G63 AMG 6×6Famous professional poker player Dan Bilzerian has just ordered himself a brand new toy, the Brabus G63 AMG 6x6. Dan Bilzerian ...
[VIDEO] Koenigsegg One:1 does burnouts and donuts at Goodwood
[VIDEO] Koenigsegg One:1 does burnouts and donuts at GoodwoodA Koenigsegg One:1 hypercar has been spotted recently at the Goodwood Festival of Speed while doing some donuts and burnouts in ...
US recovery encourages road travel
US recovery encourages road travelFive years ago, when the recession was still in full swing, many were forced to make do without simple pleasures – like taking ...
Ferrari F355 gets ruined in Croatia
Ferrari F355 gets ruined in CroatiaThe driver of a Ferrari F355 has managed to total his ride in Croatia recently after losing control of the wheel and smashing ...
[VIDEO] David Coulthard drives the Renault Twin’Run Concept on the track
[VIDEO] David Coulthard drives the Renault Twin’Run Concept on the trackEx Formula 1 driver David Coulthard has recently taken the Renault Twin’Run Concept for a quick spin on the track. Planete GT ...
GM has almost recalled all its models
GM has almost recalled all its modelsThe US automaker’s recall frenzy was started with the 2.6 million older cars called back for a defective ignition switch. From ...
Volkswagen XL1 goes on sale in the United Kingdom
Volkswagen XL1 goes on sale in the United KingdomVolkswagen has introduced the XL1 in the UK where the 30 units of the car available for this country have been priced from 98,515 ...
Mitsubishi Mirage Sedan gets launched in Australia
Mitsubishi Mirage Sedan gets launched in AustraliaMitsubishi has introduced the Mirage Sedan in Australia where the model in question is now available for order from 14,490 ...
[VIDEO] Jaguar F-Type RS Coupe and Roadster spied on the Ring
[VIDEO] Jaguar F-Type RS Coupe and Roadster spied on the RingThe top of the line versions of the Jaguar F-Type, the RS, in the Coupe and Roadster body styles, have been recently spied while ...
Citroen unveils DS 6WR’s interior
Citroen unveils DS 6WR’s interiorThe interior design with the luxury SUV signed by Citroen, the DS 6WR, has been officially unveiled in the first images which ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Spy-Shots of Cars
Spy-Shots of Cars
ferrari f355 crash croatia 1
Citroen DS 6WR 1
Ferrari FXX Evo 1
Hyundai i10 Sport 1
BMW 4-Series Coupe, Convertible and Gran Coupe get updated by JMS 1
lamborghini-murcielago crash stuttgart flames 1
Spy-Shots of Cars
Dacia_picnic
Spy-Shots of Cars
toyota fcv colorado 1

More automotive from inautonews
A classic Ferrari 375-Plus has managed to find itself a new owner at the 2014 Goodwood Festival of Speed, who has paid no less than 10.7 million GBP for the supercar. Coming in with a distinguished racing pedigree, competing in the Mille Miglia in 1954 and at the 24 Hours of Le Mans, in the same ...
read more
Inautonews Editors Section
F1: 2014 Austrian GP review
F1: 2014 Austrian GP reviewNico Rosberg's victory was a cold shower for many, despite the fact that Mercedes needed to work harder than at any other race this year. Some fans ...
Car investment – which are the next classics?
Car investment – which are the next classics?Some prefer the stock exchange, others buy gold and some invest in properties, but there is a small group of people who prefer to try their luck with ...
Where brand new cars go to die
Where brand new cars go to dieHundreds of millions of brand new cars are left to rust in huge parking lots all over the globe after no one wants to buy them. The 2014 world ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety GM has almost recalled all its modelsThe US automaker’s recall frenzy was started with the 2.6 million older cars called back for a ... Recall roundup: Chrysler Town & Country, Dodge Grand Caravan and JourneyThe North American based automaker Chrysler is currently recalling the Chrysler Town & Country, ...
Safety Section