Ferrari Chairman to Serve Community Hours Over Tax Dispute

Tue Oct 21 2025 01:31:17 GMT+0300 (Eastern European Summer Time)

John Elkann, the chairman of Ferrari and Stellantis, is set to engage in community service and pay a hefty sum to resolve an inheritance tax case in Italy involving his family.

John Elkann, alongside his siblings, has agreed to a settlement involving €183 million to the Italian tax authorities while also committing to one year of community service. The case stems from inheritance tax disputes related to their grandmother's estate. No admission of wrongdoing was made by Elkann in this settlement.

John Elkann, chairman of Ferrari and Stellantis, has agreed to perform a year of community service and pay €183 million (£159 million) to resolve a tax dispute linked to his family.

The issue involves inheritance tax following the death of Elkann's grandmother, Marella Caracciolo, in 2019. Elkann's attorney stated that the settlement would allow for a quick resolution without admitting any wrongdoing.

This case marked a challenging time for Elkann, a prominent figure in Italy, as he is the grandson of Gianni Agnelli, the legendary Fiat boss. The family’s lawyer indicated that potential community service activities could include support at elderly care centers or facilities aiding drug addiction.

Despite facing allegations of failing to declare around €1 billion in assets, the recent agreement prompts prosecutors to drop charges against Elkann's siblings, enhancing the possibility of ending this legal chapter for the family.

Ongoing family disputes within the Elkann lineage reflect broader tensions, with Elkann’s mother seeking to redirect her late husband’s estate toward her younger children. This controversy adds layers to one of Italy's most notable business dynasties.