Luca di Montezemolo

Or Bernie Eccleston's fix was in.

Real quick before that, though, it's worth highlighting.

So the Agnelli family ends up getting the 40 percent.

Piero ends up getting the 10 percent.

But an interesting thing to note, the valuation is extremely different this time around.

Yeah, you found detail on this.

I couldn't find it.

So a good friend of the show, Arvind Navaratnam from Worldly Partners, scoured all of the old annual reports that he could find.

And in the 1988 annual report, it reports the amount of lira to acquire the remaining 40% of...

Oh, I'm so curious.

What was it?

If you do the exchange rate at that time, it is $77 million, which valued the company at $192 million in 1988.

Much different than the, what was it?

Or that they acquired 90% of it for, what, $72 million.

Or that as recently as 1988, it was worth only $192 million.

I mean, this is a company today that's worth recently over $90 billion, but today $55 billion.

Yes.

In 1988, $192 million.

No, it is not.

And another crazy frame on that, if you look at the production of total Ferrari cars, not just one model, but total cars, in 1982, it was 2,200.