A Florida Billionaire Pays $40 Million for Ferrari EV Everyone Mocked
Philanthropist Herbert Wertheim paid a record price at auction for a Ferrari Luce sports car in the name of charity.
Dr. Herbert Wertheim, a billionaire philanthropist who started his career as an optometrist, has spent a staggering $40 million on a Ferrari Luce at a Sotheby's charity auction. The electric vehicle, unveiled in May and met with ridicule from some Ferrari fans due to its glass-roof design, will not be Herbie's personal vehicle, as he plans to use it mainly for charitable purposes, such as lending it to worthy organizations.
Wertheim, who has an estimated net worth of $5 billion to $7 billion, said that the proceeds from the sale will go to the Ferrari Foundation to support education programs. The Ferrari Luce is the first fully electric car produced by the Italian luxury car maker, and the first five-seater vehicle from Ferrari. It is also the first mass-produced car from the Italian company to sell for more than $600,000.
Despite its record-breaking purchase price, Wertheim's purchase of the Luce did not bother him, as he is known for his generous donations to numerous charitable organizations and his distinct fashion sense. The octogenarian, who gained special permission to wear his signature red fedora indoors at Mar-a-Lago, the private club owned by his friend Donald Trump, has several other expensive purchases to his name, including a $65 million Florida home.
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