Complex sentence: Luca Cordero di Montezemolo (born August 31,1947) is an Italian businessman with an estimated net worth of 400 million dollars, president of Ferrari and chairman of FIAT; he was also president of Italian Confindustria from 2004 to 2008 and of FIEG.
Split into simpler sentences: Luca Cordero di Montezemolo (born August 31,1947) is an Italian businessman and Chairman of Ferrari and Fiat. He was also president of Italian Confindustria from 2004 to 2008 and of FIEG.