Celebrity Cars | American Billionaire Networths https://www.americanbillionaire.org/category/articles/celebrity-cars/ Richest Rappers, Celebrity Houses and Salary Wed, 26 Nov 2025 22:58:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 FBI Seizes Ultra-Rare $13 Million Mercedes From Fugitive Olympic Snowboarder Who Is Allegedly One Of The World's Biggest Drug Kingpins https://www.americanbillionaire.org/articles/celebrity-cars/fbi-seizes-ultra-rare-13-million-mercedes-from-fugitive-olympic-snowboarder-ryan-wedding/ Wed, 26 Nov 2025 22:56:46 +0000 https://www.americanbillionaire.org/?p=394622 While most former Olympic athletes pursue media careers or become highly-paid instructors, Canadian snowboarder allegedly became one of the biggest drug kingpins in the world.

Read more: FBI Seizes Ultra-Rare $13 Million Mercedes From Fugitive Olympic Snowboarder Who Is Allegedly One Of The World's Biggest Drug Kingpins

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The life of a former Olympian can be pretty sweet. Even if you never medal, simply making it to the Games is often enough to secure a comfortable post-athletic career. You can move anywhere in the world, charge premium rates to train the next generation of competitors, or make a living coaching wealthy amateurs who just want to brag that they learned from an Olympian. Plenty of former athletes parlay their moment on the world stage into decades of steady work.

Take Jonny Moseley, for example. Jonny actually grew up in the same town as me, though he is a few years older. After bringing home gold from Nagano, he proceeded to carve out a successful career as an MTV host, a video game narrator, a radio personality, and a durable media figure nearly 30 years after his Olympic run.

Here's another fun fact about Jonny: My friend worked at a pizza parlor Jonny frequented right around the time of his Olympic win. Without fail, whenever he came in to eat, some patron would ask to see his gold medal. They probably assumed he did not have the medal on him, because who would months later… but guess what? Jonny would proceed to produce the gold medal from his pocket. Why? Jonny carried the medal in his pocket for well over a year after he won because people were constantly asking to see it and… why the hell not provide them with a thrill? Pretty rad move. But I digress.

Canadian former Olympian Ryan Wedding has enjoyed a slightly different trajectory in the years since he competed at the 2002 Winter Games in Salt Lake City. Instead of picking up endorsements or transitioning into broadcasting, U.S. federal prosecutors allege he reinvented himself as one of the most prolific cocaine traffickers on Earth.

How prolific?

Investigators have compared the scale of his operation to the empires once run by El Chapo and Pablo Escobar, claiming Wedding oversaw a billion-dollar narcotics pipeline that moved staggering quantities of cocaine from Colombia through Mexico and into the U.S. and Canada.

And this week, federal agents made a particularly eye-popping move: they seized an ultra-rare 2002 Mercedes-Benz CLK-GTR Roadster worth an estimated $13 million:

The car seized by federal agents is a 2002 Mercedes-Benz CLK-GTR Roadster, a model so rare many collectors will go their entire lives without seeing one in person. Mercedes originally built the CLK-GTR to satisfy FIA homologation rules for GT1 racing, which required a tiny number of road-legal versions to be produced. The company made 20 coupes and an even smaller batch of Roadsters. Only six were ever built, making the Roadster one of the scarcest production supercars in modern automotive history. When one of these cars does come to market, bidding typically begins in eight figures.

According to investigators, the CLK-GTR Roadster seized this week was purchased using illicit proceeds tied to Wedding's alleged drug empire. Authorities say the vehicle was part of a broader pattern in which Wedding and his associates converted narcotics profits into high-value assets that could be hidden, transferred, or traded outside of traditional banking systems. As the investigation expanded, the car's ownership trail helped prosecutors connect multiple shell companies, money-handling intermediaries, and individuals who allegedly helped Wedding move cocaine profits across borders.

The vehicle is now in federal custody, and unless the courts determine it was unlawfully seized or unconnected to criminal activity, it will likely be forfeited and eventually auctioned by the government. If that happens, it could become one of the most expensive cars ever sold through a law-enforcement forfeiture process.

From Olympian To Kingpin

Ryan Wedding grew up in Thunder Bay, Ontario, in a wealthy family with deep roots in winter sports. His grandparents owned the Mount Baldy ski resort overlooking Lake Superior, and it was there that he first learned to snowboard. By his late teens he had become one of Canada's top young riders, specializing in the parallel giant slalom, a discipline that requires technical precision and exact timing. His results on the World Cup circuit earned him a spot on Canada's Olympic team, and in 2002 he represented the country at the Winter Games in Salt Lake City.

Wedding competed in the men's parallel giant slalom and placed 24th. The finish didn't bring fame or sponsorships, and after the Games he continued competing for a short period before quietly retiring from professional snowboarding. What followed was a period federal investigators would later describe as the turning point in his life. According to court records, Wedding's first major brush with criminal activity came in 2008, when he and two associates traveled to San Diego to purchase cocaine. The seller turned out to be working with the FBI. Wedding was arrested, convicted in 2009, and sentenced in 2010. During his sentencing hearing, he apologized to the court and said the pursuit of "easy money" had lured him into making "stupid and irresponsible decisions," adding, "I guess I lost my way." Believing he showed genuine remorse, the judge imposed a lighter sentence. With credit for time served, Wedding was released from federal prison in December 2011.

Prosecutors say his regret was short-lived. After his release, investigators allege Wedding began building a large-scale narcotics enterprise operating between British Columbia, Southern California, and Mexico. Federal indictments describe him as the architect of a drug pipeline that used long-haul semitrucks, stash houses in Los Angeles, maritime routes from Colombia, and distribution hubs across western Canada. The organization allegedly laundered its proceeds through shell companies, crypto channels, couriers, and luxury assets. According to officials, Wedding's role grew to the point where he earned the nicknames "El Jefe," "Public Enemy," and "Giant," with investigators comparing the scale of his operation to the empires once run by El Chapo and Pablo Escobar.

At a recent press conference announcing new charges, former Florida Attorney General Pam Bondi said Wedding's network was responsible for importing roughly 60 metric tons of cocaine per year into Los Angeles alone, generating more than $1 billion in annual revenue. Prosecutors further allege that Wedding maintained his control through violence and intimidation, ordering hits on rival traffickers and putting a multimillion-dollar bounty on a federal witness who was preparing to testify against him. That witness was later murdered in Medellín, Colombia. Additional indictments accuse Wedding of directing a Canadian-based assassin crew, orchestrating multiple retaliatory killings, and using a now-defunct Canadian website to help locate his targets.

Authorities say several close associates helped enable his rise. His wife, Miryam Andrea Castillo Moreno, is accused of laundering money and assisting with acts of violence. His alleged security chief, Edgar Aaron Vazquez Alvarado — known as "The General" — is believed to be a former Mexican law enforcement officer who provides protection and intelligence. And a Canadian attorney, Deepak Balwant Paradkar, is accused of facilitating bribery, connecting Wedding to traffickers, and even advising on murder plots. Paradkar was arrested this week.

By the time U.S. and Canadian agencies unraveled the full structure of the operation, investigators described Wedding as one of the most prolific and violent cocaine distributors in the world. Those findings ultimately placed him on the FBI's Ten Most Wanted list, triggered sweeping sanctions, and set off the multinational crackdown that led to the seizure of his $13 million Mercedes.

The Manhunt Continues

Despite the sweeping arrests and the seizure of high-value assets like the $13 million Mercedes, Ryan Wedding remains at large. Federal officials believe he is hiding somewhere in Mexico, protected by cartel affiliates and shielded by a close-knit network of loyal intermediaries. The State Department has posted a $15 million reward for information leading to his capture — one of the largest fugitive rewards ever offered in North America. Investigators say Wedding frequently changes locations, uses intermediaries to communicate, and may alter his appearance, but they remain confident the walls around him are closing in.

Read more: FBI Seizes Ultra-Rare $13 Million Mercedes From Fugitive Olympic Snowboarder Who Is Allegedly One Of The World's Biggest Drug Kingpins

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YouTuber Who Destroyed $400,000 Ferrari for Views Arrested for Tax Evasion Tied to the Car's Montana Registration (Which Was Revealed On The Video) https://www.americanbillionaire.org/articles/celebrity-cars/youtuber-ferrari-tax-evasion/ Mon, 17 Nov 2025 00:20:53 +0000 https://www.americanbillionaire.org/?p=394172 A YouTuber who built a career out of destroying supercars just got arrested on a charges of... tax evasion??? And he may have inadvertently just set the Montana license plate loophole on fire for everyone in the US.

Read more: YouTuber Who Destroyed $400,000 Ferrari for Views Arrested for Tax Evasion Tied to the Car's Montana Registration (Which Was Revealed On The Video)

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If you love supercars and don't have $500,000 to buy one of your own, the best way to see them in the wild is to show up early on a weekend morning at a "Cars and Coffee" meetup. As a resident of Los Angeles, whenever I feel a hankering to gawk at some insane supercars, I drive up the PCH to the Malibu Country Mart on a weekend morning.

On Saturday and Sunday mornings, dozens of the most incredible supercars gather at the Malibu Country Mart for what has to be the best Cars and Coffee meetup on earth. You're pretty much guaranteed to see dozens of Ferraris, Porsches, Lamborghinis, McLarens, and the occasional hypercar that would otherwise only be seen at an ultra-high-end car show in places like Pebble Beach or Monte Carlo.

And because this is Malibu, the crowd often includes people like Jerry Seinfeld or Jay Leno casually sipping coffee next to several million dollars in metal. You might even catch the infamous Ferrari collector David Lee. David earned his fortune thanks to a jewelry empire in SoCal's inland empire. He has used his fortune to buy what might be the most insane Ferrari collection outside of Modena. You know the Ferrari F40? He owns two. The F50? He owns two of those as well. He also owns a LaFerrari Aperta, which will set you back $7-10 million if you can find one that's actually for sale. David is believed to be the only person known to own Ferrari's five flagship supercars, also known as the "Big Five":

  • 288 GTO
  • F40
  • F50
  • Enzo,
  • LaFerrari

Oh, and he owns all five in BOTH RED AND YELLOW.

Anyhoo. Every time I've been to the Malibu Cars and Coffee, and very frequently whenever I've spotted an exotic supercar in the wild, something always puzzled me. A huge percentage of extreme high-end cars have Montana license plates. These people could not all be Montana visitors in LA for the weekend. I never understood what was going on. Until now. And I can thank a YouTuber named Cody Detwiler for the education.

Cody Detwiler is a YouTuber who operates a channel called WhistlinDiesel. He has around 10 million followers. The description of his channel reads:

"Are you tired of clicking on a deceivingly clickbaited video only for it to be someone doing the same boring crap you saw last week? Yeah me too. Thats why i never waste time uploading a stupid boring video. OK maybe they are stupid lol. Enjoy"

His most popular videos have titles like:

  • Cybertruck Durability Test #1 – 35 million views
  • Monstermax Drives in the Ocean – 27 million views
  • Hellcat on Horse & Buggy Wheels goes to town and does burnouts – 23 million views
  • Buying a Firetruck and destroying it in one day – 20 million views

And from two years ago:

  • I bought a $400,000 Ferrari just to destroy it – 21 million views

I vividly remember that last video because, as someone who famously loves Ferraris, several friends texted me the link when it first came out. Here it is if you're curious:

Even though it breaks my heart to watch, it's undeniably fascinating to see someone take a brand-new Ferrari and intentionally try to run it into the ground. But — spoiler alert — he doesn't actually destroy the car in that first video. He destroys it in a follow-up video titled:

The Fastest Way to Lose Half a Million Dollars

In that follow-up, which is embedded below, Cody races a 2020 Ferrari F8 Tributo through a dry farm field. As he barrels across the field, the low-cut vegetation appears to get sucked into the wheels and engine bay. The debris ignites, and the Ferrari is consumed in a massive fire. So is the rental minivan that was following alongside to film everything.

At the 1-minute mark of the above video, eagle-eyed viewers may have noticed Cody's license plate is from… Montana:

Cody Just Got Arrested

Unfortunately for Cody, that Ferrari not only cost him $400k, but it also just cost him his freedom. Last week, Cody was arrested in Williamson County, Tennessee, and charged with two felony counts of tax evasion tied directly to that very same Ferrari F8 Tributo. According to the indictment, prosecutors allege that Detwiler "unlawfully and willfully" attempted to evade more than $500 in taxes owed to the State of Tennessee on the January 2023 purchase of the car. That $500 figure is simply the minimum threshold for a felony. In reality, the tax liability on a $400,000 supercar purchased by a Tennessee resident would likely fall somewhere between $28,000 and $40,000 once state and local sales taxes are factored in.

Detwiler was booked into the Williamson County Jail, had his mugshot taken, and was released later that afternoon after posting a $20,000 bond.

Williamson County Sheriff's Office

The charges were filed not only against him personally but also against his business entity, WhistlinDiesel LLC. His first hearing is set for November 19. Detwiler immediately addressed the arrest on Instagram, posting photos and video footage of himself being escorted in handcuffs, along with the caption, "Won so big they thought I was cheating. (100% real not AI)." In a follow-up post, he claimed he had "ALWAYS paid ALL of my taxes" and insisted he had received no notice of any issue prior to six officers showing up at his door.

The indictment doesn't mention YouTube, the farm field, or the fiery videos that made the Ferrari infamous. It focuses purely on taxes. But prosecutors didn't need to explain the backstory. The car was publicly documented, its use was documented, its destruction was documented, and its Montana plates were documented. In other words, the entire chain of events that normally requires investigators, subpoenas, and months of legwork was already laid out in high-definition video for tens of millions of viewers to see. And that brings us to the part of the story that explains why I always saw Montana plates at Malibu Cars and Coffee — and why those plates can trigger criminal charges like these.

The Montana Tax Evasion Scheme

As it turns out, Montana allows anyone — including non-residents — to form an LLC with almost no friction. Once the LLC exists, that LLC can "own" a vehicle. And if a Montana LLC owns a vehicle, that vehicle can legally be registered in Montana, even if the real owner has never set foot in the state. For exotic-car owners, that creates a buffet of financial incentives. The most obvious perk is tax savings. Because Montana has no sales tax, a buyer, like Cody (allegedly), can avoid paying their home state's massive levy. Instead of handing over $30,000 to $40,000 in taxes on a $400,000 Ferrari, they pay a Montana LLC service a few hundred dollars a year and stick Montana plates on the car. The taxes on a $7 million LaFerrari Aperta would run between $500,000 and $700,000, depending on the state.

But tax savings are only part of the appeal. States like California impose strict emissions requirements, biannual smog testing, and significant penalties if your car can't pass. Older Ferraris, Lamborghinis, Porsches, and imported supercars often fail California's CARB rules or require expensive modifications to comply.

Take a Ferrari F40, for example. An F40 was never built to meet California's modern emissions standards, and many cars that were imported decades ago only passed with temporary exemptions. Today, an F40 that fails a smog test might need catalytic converter retrofits, updated oxygen sensors, evaporative system repairs, or a full aftermarket emissions package. That kind of work can easily run tens of thousands of dollars… or more. And actually, that's the best-case scenario. With some cars, there's simply no guaranteed path to compliance at all. A Montana registration conveniently sidesteps all of that. Montana doesn't require smog checks, and it doesn't care where the car is physically located.

Here's the crucial detail most people either misunderstand or deliberately ignore: you are legally required to register your car in the state where you live and the state where the car is primarily kept. If you live in Tennessee or California, or Florida, and your Ferrari spends its life in your home garage, that car must be registered in that state.

For years, this loophole flew mostly under the radar because exotic cars were a niche hobby and social media didn't exist. But now every supercar, every plate, every VIN, and every garage location is documented online. Many of these cars have their own social media accounts tracking their every move.

The moment a car appears in a YouTube video, an Instagram reel, a TikTok clip, or a drone shot from a Cars and Coffee event, it creates a trail of evidence. Tax authorities no longer need investigators. They need Google, social media posts, and a cup of coffee. And in Cody Detwiler's case, they needed exactly one piece of content: a video showing a Tennessee resident driving a Montana-registered Ferrari through a corn field before it burst into flames.

On paper, the charges against Cody are serious. Each count of felony tax evasion carries a potential sentence of one to six years in prison, along with fines, civil penalties, and full repayment of any taxes the state determines were intentionally avoided. In reality, though, Cody is far more likely to face a financial reckoning than an actual prison term. Because this is a non-violent, first-time financial offense, and because he has the means to repay the tax bill immediately, Tennessee will almost certainly push for a plea agreement rather than incarceration. That would probably involve paying the full tax amount, covering interest and penalties that could double the total, and agreeing to a period of supervised probation.

But the bigger consequence may be what his case triggers next. Cody may have inadvertently just set the Montana license plate loophole on fire for everyone in the US. And for that, I bet he will not be welcomed at any Cars and Coffee meetups anytime soon.

Read more: YouTuber Who Destroyed $400,000 Ferrari for Views Arrested for Tax Evasion Tied to the Car's Montana Registration (Which Was Revealed On The Video)

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Forget Ferraris And Bugattis… The Most Expensive Car Ever Is Literally Out Of This World https://www.americanbillionaire.org/articles/celebrity-cars/the-lunar-roving-vehicle-the-most-expensive-car-in-the-universe/ https://www.americanbillionaire.org/articles/celebrity-cars/the-lunar-roving-vehicle-the-most-expensive-car-in-the-universe/#respond Wed, 09 Apr 2025 11:15:11 +0000 http://www.americanbillionaire.org/?p=180237 Think the world's most expensive car is a diamond-encrusted Bugatti or a $70 million Ferrari? Think again — the real record-holder is still parked on the Moon.

Read more: Forget Ferraris And Bugattis… The Most Expensive Car Ever Is Literally Out Of This World

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When you think of the most expensive car in the world, what comes to mind?

Maybe it's the Bugatti La Voiture Noire, which sold for a jaw-dropping $18.7 million. Or perhaps it's the Pagani Zonda HP Barchetta, with a sticker price of $17.5 million. Ferrari fans might point to the 1963 Ferrari 250 GTO, one of which sold at a private auction in 2018 for over $70 million, making it the most expensive car ever sold.

Lamborghini lovers might think of the Veneno Roadster at $8.3 million, or the Sian FKP 37, which blends hybrid power with outrageous styling. And then, of course, there's Floyd Mayweather's Koenigsegg CCXR Trevita, a diamond-coated hypercar that set him back $4.8 million.

These are machines built to turn heads, make noise, and dominate both racetracks and Instagram feeds.

But none of them — none — come close to the most expensive car ever built.
A car that wasn't designed for speed or style, but for surviving in an environment with no air, no roads, and no margin for error.

The most expensive car in history is one you can't buy, can't drive, and can't even see — unless you're an astronaut.

NASA/Central Press/Getty Images

NASA/Central Press/Getty Images

Meet the Moon's Hottest Ride

Developed by NASA for the final three Apollo missions (15, 16, and 17), the Lunar Roving Vehicle (LRV) was a four-wheel-drive, electric off-roader purpose-built for one thing: exploring the Moon. Just four were ever made, and only three made the trip into space. The fourth was kept for spare parts.

Top speed? A modest 8 mph, though astronaut Eugene Cernan managed to hit 11 mph, setting the unofficial lunar land speed record. That may sound slow, but try hitting a bump with one-sixth of Earth's gravity and no atmosphere. It's a miracle this thing didn't flip.

Function Over Flash

Unlike Earth's luxury hypercars, the LRV was all about utility. It didn't have a steering wheel — just a joystick-style hand controller. Each of its four wheels had its own electric motor, powered by two non-rechargeable 36-volt batteries. It could travel up to 56 miles, more than enough for the lunar missions.

The whole vehicle weighed just 460 pounds (without astronauts), thanks to an ultra-light design co-developed with Boeing. It could carry more than twice its own weight and came loaded with advanced tech for the time, including:

  • Front and rear cameras
  • Satellite communications
  • A navigation gyroscope
  • A remote-controlled TV camera operated by Mission Control in Houston

All that, and it still had room for two astronauts in spacesuits.

The Price Tag? Astronomical.

The Lunar Roving Vehicle took 17 months to design and develop, at a cost of $38 million in 1971–72 dollars. Adjusted for inflation, that's around $281 million in 2025.

Yes — nearly $300 million for what amounts to a battery-powered dune buggy. But it worked. The LRV allowed astronauts to explore terrain they never could've reached on foot, dramatically expanding the scope of lunar science.

So… Where Are They Now?

The three LRVs that made it to the Moon? They're still there. NASA didn't have a return policy. So those billion-dollar buggies are sitting in the lunar dust, silent and untouched since the early '70s.

So, the next time someone tries to flex with their million-dollar Bugatti or McLaren, ask them if their ride can survive the Moon's 500-degree temperature swings and drive through craters with no roads or air.

Because the most expensive car ever made isn't parked in a billionaire's garage. It's parked on the Moon.

Read more: Forget Ferraris And Bugattis… The Most Expensive Car Ever Is Literally Out Of This World

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Palace-Storming Syrian Rebels Discover Garage Full Of Luxury Cars Including Rare Ferrari F50 https://www.americanbillionaire.org/articles/celebrity-cars/palace-storming-syrian-rebels-discover-garage-full-of-luxury-cars-including-rare-ferrari-f50/ Mon, 09 Dec 2024 21:49:02 +0000 https://www.americanbillionaire.org/?p=376828 Syrian rebels stormed Bashar al-Assad's palace over the weekend. One of the most stunning discovers was the former dictator's luxury car collection.

Read more: Palace-Storming Syrian Rebels Discover Garage Full Of Luxury Cars Including Rare Ferrari F50

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After more than two decades in power, brutal Syrian dictator Bashar al-Assad was ousted in a dramatic coup over the weekend. In the middle of the coup, Bashar, his wife, and their three adult children fled to Moscow, where they were granted asylum.

At some point during the chaotic weekend, rebels stormed Assad's palace in Damascus. Lo and behold, the rebels discovered an ostentatious collection of luxury automobiles hidden away in a fortified underground garage.

The vehicles, collectively worth tens of millions of dollars, stood in stark contrast to the devastated country over which Assad had presided. Among the gleaming machines, a rare Ferrari F50 – one of only 349 ever produced – took pride of place alongside a fleet of Rolls Royce Ghosts, Lamborghinis, and other exotic vehicles. The Ferrari F50 on its own is likely worth $5 million.

The luxury collection offered a jarring glimpse into the extravagant lifestyle of the deposed dictator, who used his estimated $2 billion net worth to amass an automotive treasure trove while his country descended into poverty and chaos.

In one video posted to social media (which we've embedded below), a rebel appears to be driving around Assad's former garage. As he does a loop, his camera films Ferraris, Lamborghinis, Audis, Rolls Royces, Mercedes Benzes, and more. In total, there appear to be dozens of exotic cars in the garage.

Road & Track gave a more detailed account of each of the cars spotted in the above video. Per their observations:

"At the very start of the garage tour, you can spot a couple luxury sedans and SUVs — a couple of 7 Series BMWs, a Lexus LX. Nothing too surprising so far. But things quickly get a lot more interesting: next to the Lexus sits a red Lamborghini LM002. Only about 300 of these super SUVs were ever made. With a V12 making 444 horsepower, massive 345/60VR-17 tires, and a nearly 7,000-lb curb weight, the LM002 remains one of the most extreme SUVs ever made. Today, they can be worth close to a half a million dollars.

We then see a couple of Toyota FJ Cruisers. Cool rides, but not exceptionally valuable — unlike the Ferrari F50 we then see, parked between an Aston Martin and a Ferrari F430.

There's more of the expected Mercedes-Benz S-Class sedans and Cadillac Escalades, then a white Audi R8 appears, parked at the end of the row. Nearby sits a Mercedes-Benz SLS AMG – spotted thanks to the open gullwing doors —parked next to a Bentley Continental GT. The next row features a Rolls-Royce Ghost, and then an Audi S8 and a new Land Rover Defender."

Read more: Palace-Storming Syrian Rebels Discover Garage Full Of Luxury Cars Including Rare Ferrari F50

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The Ferrari 250 GTO Is The Mona Lisa Of Cars. There Are 36 Left In The World. Here's A Definitive List Of All The Lucky Owners https://www.americanbillionaire.org/articles/celebrity-cars/33-lucky-people-ferrari-250-gto-howd-acquire-valuable-ferrari-ever/ https://www.americanbillionaire.org/articles/celebrity-cars/33-lucky-people-ferrari-250-gto-howd-acquire-valuable-ferrari-ever/#respond Tue, 05 Nov 2024 17:59:30 +0000 https://www.americanbillionaire.org/?p=122382 The Ferrari 250 GTO is the most expensive and beloved car of all time. Only 36 were ever produced. Here's who the lucky owners are today and how they came to be so lucky.

Read more: The Ferrari 250 GTO Is The Mona Lisa Of Cars. There Are 36 Left In The World. Here's A Definitive List Of All The Lucky Owners

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The Ferrari 250 GTO is widely considered the most beautiful car of all time. It is without question the most expensive car that has ever been sold at auction. On the rare occasion that a 250 GTO goes up for sale, they almost always SMASH the record for the most expensive car sold. For example, in 2018, David MacNeil, the founder of WeatherTech, paid $70 million for a GTO. The GTO is basically like the Mona Lisa of cars.

Between 1962 and 1964, Ferrari produced a grand total of thirty-six 250 GTOs. They were originally built to compete at the 24-Hour Le Mans and other high-profile European races. Subsequent models were sold to consumers with a base price of $18,500. That's the equivalent of $145,000 today. Over the next several decades, GTO prices fluctuated from an all-time low of $2500 in 1969 to $48k in 1975, $180k in 1980, $300k in 1983, $500k in 1984, and to $650k in 1985. One year later, a GTO broke $1 million for the first time. In 1989, a GTO sale broke $10 million for the first time.

Prices dipped a bit in the early 90s. Some sold for as little as $3 million before prices soared back in the early 2000s. Barring some catastrophic economic disaster much worse than 2008 or the great depression, you will probably never see a 250 GTO sell for less than $40 million again. It's more likely that within the next decade, a 250 GTO will sell for $100 million.

Series I vs. Series II – 330 GTO vs 250 GTO

In our first version of this article, we stated that Ferrari originally produced 39 250 GTOs and that only 33 are remaining. After doing some additional research and reaching out to a friend who is an expert on these matters, it turns out we were wrong. But when you hear the explanation, you'll understand how we got confused.

First off, between 1962 and 1964, Ferrari produced 36 250 GTOs. We initially stated that Ferrari produced 33. The confusion lies in the distinction between Series I and Series II 250 GTOs. Ferrari produced 33 Series I and three Series II. The three Series II 250 GTOs were produced in 1964 and came with a different design, plus an upgraded chassis and engine. The three Series II GTOs that are missing from the list below have the Chassis numbers 5571GT, 5573GT, and 5575GT.

Interestingly, #5571GT is currently owned by Bruce McCaw, who is Craig McCaw's brother (owner of car #6 on the list below). Chassis #5575GT is owned by Rob Walton (owner of car #9 on the list below). Series II Chassis #5573GT was owned for many years by a French entrepreneur and world-class Ferrari collector named Pierre Bardinon. During his life, Pierre owned THREE GTOs. He owned #3607GT from 1966 to 1968. He sold #5575GT in 1996 to Rob Walton. After he died in 2012, one of his sons sold #5573GT to a Taiwanese collector based in New York for $48 million.

To make this even more confusing, at some point in 1964, three of the original Series I 250 GTOs were taken back to the factory and re-bodied as Series II models. Those three are Chassis #s #3413 (car number 3 on this list), #4091 (car number 22 on this list), and #4399 (car number 14 on this list).

And to make matters even more confusing, in 1964, Ferrari also produced a car called the 330 GTO that had the same exact body and chassis as the 250 GTO but a different engine. A total of three 330 GTOs were produced, but the first 330 was scrapped by the factory to build the second one, so there are technically only two 330 GTOs left in the world. I so far have not been able to figure out who owns these two extremely rare vehicles. Please let me know if you have any tips! In fact, please let me know if you have any tips at all on the article below! My email is brian@americanbillionaire.org

Bottom Line

If you add it all up, 39 cars were made that would look nearly identical to what we all think of as a Ferrari 250 GTO. Since one of the 330s was taken apart by the factory, only 38 remained. Those 38 today consist of:

  • 30 Series I cars
  • 3 Series II cars
  • 3 Series I cars that were re-bodied as Series II
  • 2 330 GTOs

So, who are the 33 lucky people who own the original Series I Ferrari 250 GTOs today? And how'd they get rich enough to afford the most valuable car in the world? Below is a detailed list of everything that is known about these incredibly lucky and wealthy current Ferrari 250 GTO owners—some other fun facts: 18 of the 33 cars are located in the United States. Four are located in California alone. Four are also located in England. A scant three are located in their home country of Italy. One incredibly lucky collector owns TWO 250 GTOs, so technically, there are 32 individual owners of the 33 cars.

1. Chassis#: 3223GT

Owner: Joseph M. Barone and Vanessa Wong, Honesdale, Pennsylvania
Not much is known about the owners of 250 GTO chassis #3223GT. We know their names and that they paid $10.6 million for the car in November 2004. Historically, this car's most famous accomplishment was winning the 1966 Daytona 24-Hour race. Joseph Barone meticulously restored the car for several years after he bought it in 2004. The car won several awards at the 2011 Pebble Beach Concours d'Elegance, including the prize for "Most Elegant Sportscar."

2. Chassis#: 3387GT

Owner: Bernard Carl, Washington, DC
Bernard J. Carl started out as a real estate attorney. In the late 80s, he made a name for himself in finance after becoming one of the leading experts on mortgage-backed securities on Wall Street. He worked for Solomon Brothers before being hired away by billionaire Texas investor Robert M. Bass. Today, Carl is the co-founder of his own firm, Brazos Europe Inc. Over the last decade, Brazos has invested in everything from Canadian oil to natural gas in Chile to a French luxury linens maker. In 2006, Brazos set up a $300 million fund to specifically acquire family-owned luxury businesses in France.

Bernard Carl purchased his GTO in September 1997 for an undisclosed price. It is known that the previous owner, Dr. Ron Finger of Florida, turned down $3.75 million at some point in the late 90s and specifically wanted a minimum of $4 million.

3. Chassis#: 3413GT

Owner: Unknown.
The former owner is Greg Whitten. Whitten sold his 250 GTO in 2018 for $48 million to a buyer whose identity has not yet been revealed. Whitten bought the GTO in 2000 for $7 million from the Chairman and CEO of L'Oreal, Sir Lindsay Owen-Jones. This 250 GTO is one of the three Series I's that went back to the factory in 1964 to be re-bodied as a Series II. That's why this 250 GTO looks slightly different.

Care to guess how Greg Whittem, of Medina, Washington, earned his fortune? After graduating from the University of Virginia undergrad, Greg got a Ph.D. in applied mathematics from Harvard. He then got a job at a software company called Compucolor. At Compucolor, Whitten managed to pirate a copy of a rival programming language called Microsoft BASIC. His pirated version was so perfect that instead of filing infringement charges against Compucolor, Bill Gates offered to forgive their transgression on the condition that Whitten come work for Microsoft. Whitten went on to work at Microsoft from 1979 to 1998. He eventually rose to the position of Chief Software Architect. Whitten's most important early contribution at Microsoft was the development of the revolutionary programming language "GW-BASIC" for Compaq and IBM in 1983. There is some debate today as to whether the "GW" in the code's name stood for "Greg Whitten," "Gates-Whitten," or even "Gee-Wizz." After earning hundreds of millions of dollars thanks to Microsoft's enormous success, Greg Whitten became a noted vintage car collector. He reportedly owns dozens of cars, including a Ferrari F40, F50, Enzo, 275, and more. H

4. Chassis#: 3445GT

Owner: Christopher Cox, Chapel Hill, North Carolina
Chris Cox is a private investor and philanthropist who lives in Chapel Hill, North Carolina, with his wife Ann. He acquired his 250 GTO in June 2005 for an undisclosed price. The car was originally red but was repainted blue and yellow as an homage to a Swedish driver who raced the car in the 70s. On July 6, 2012, Christopher was driving the car as part of a convoy in France on the way to Le Mans to celebrate the 50th anniversary of the GTO. Other members of the Ferrari convoy included fellow GTO owners Pink Floyd drummer Nick Mason and businessman Sir Anthony Bamford. At some point on the way to Le Mans, one of the other GTOs allegedly rear-ended Chris Cox, which pushed his car into an oncoming Hyundai minivan. Christopher's GTO was widely reported as being "totaled," which would have made it the most expensive car crash of all time. Those reports have since been downplayed, but the car was definitely badly damaged.

5. Chassis#: 3451GT

Owner: Lawrence Stroll, Montreal, Canada
Lawrence Stroll is a Canadian fashion mogul who is currently worth $2.4 billion. Early in his career, Stroll struck deals with companies like Pierre Cardin and Ralph Lauren/Polo to license those brands in Canada and Europe. In 1989, he teamed up with a Hong Kong businessman named Silas Chou. Silas and Lawrence developed the Tommy Hilfiger brand from a relatively unknown clothing line to one of the most successful brands of the last 20 years. The duo continues to work together, investing in companies like Karl Lagerfeld, Pepe Jeans, and Michael Kors.

Lawrence is arguably one of the most prominent Ferrari collectors in the world today. At one point, when he was interviewed in 2012, his car collection included 25 Ferraris. In addition to his 250 GTO, he owns a 330 P4, a 1985 288 GTO, an F40, an F50, an Enzo, and more. He acquired his 250 GTO in November 1996 for an undisclosed price.

JACK GUEZ/AFP/Getty Images

6. Chassis#: 3505GT

Owner: Craig McCaw, Santa Barbara, California
Craig McCaw is an extremely forward-thinking businessperson. After graduating from Stanford, he entered the family broadcasting/cable business. He eventually turned the company into the 20th largest cable carrier in the US by the early 1980s. Simultaneously, he began investing in the then-brand-new cellular industry. In 1994, he sold McCaw Cellular to AT&T for $11.5 billion. The sale personally netted Craig $2 billion. Three years later, when he divorced his wife of many years, Wendy McCaw, Craig paid out a $460 million settlement. It was the largest divorce in American history at the time.

In March 2013, McCaw bought an especially rare 1962 250 GTO for a then-record-setting $35 million. This particular GTO was originally made for British Formula 1 racing legend Stirling Moss. The GTO went on to have an impressive racing career that included the 1962 24 Hours of Le Mans and a few major circuit victories. After being retired from racing, the car became a hotly desired collector's item thanks to its color and extreme rarity. It's the only 250 GTO that was painted lime green.

7. Chassis#: 3527GT

Owner: Irvine Laidlaw, Manchester, England
Baron Irvine Laidlaw is a Scottish businessman who has a net worth of $1.3 billion. The son of a mill owner, in the early 70s, Irvine bought a small US publishing company and single-handedly turned it into the world's largest conference organizer. He sold his company, the Institute for International Research (IIR), for $1.2 billion in 2005. Since then, he is probably more famous for being an alleged "Monaco-based UK tax exile". He has also donated large sums of money to the UK's conservative political party and a variety of charities.

His car collection includes a Porsche 904GTS, a Maserati 250S, a Maserati 6CM, and a Bugatti Veyron. He acquired his 250 GTO in January 2005 for an undisclosed price.

8. Chassis#: 3589GT

Owner: Engelbert Stieger, Teufen, Switzerland
Engelbert Stieger is a Swiss textile magnate. He founded a company in 1962, which today is known for producing high-quality curtains and decor materials. Apparently, there is a lot of money in the textile business because Engelbert has been able to acquire a very impressive car collection over the years. He purchased his 250 GTO in July 1988 for $4.2 million (roughly $8 million today). It's one of only two GTOs that were painted black by the factory.

9. Chassis#: 3607GT

Owner: Robson S. Walton, Bentonville, Arkansas
Rob Walton is the eldest son of Helen Walton and Walmart founder Sam Walton. Walton's $70 billion net worth makes him the wealthiest 250 GTO owner on the planet. He owns approximately 12.6% of Walmart and, as such, is entitled to roughly $800 million a year in cash dividend payments.

His car collection includes a 1965 Shelby Cobra, a 1964 Ferrari 250 LM, a 1960 Maserati T60, a 1961 Ferrari 250 GT SWB, a 1957 Ferrari 250 Testa Rossa, and, of course, a 250 GTO. He acquired his 250 GTO in 1996 for an undisclosed price. The seller was French entrepreneur Pierre Bardinon, whom we mentioned at the top of this article.

10. Chassis#: 3647GT

Owner: James McNeil Jr., Staten Island, New York
Not much is known about James McNeil Sr of Staten Island other than the fact that he owns a 250 GTO. He purchased his 250 GTO in 1967, which easily makes him the longest consecutive owner of a 250 alive today. The price he paid is not known but is likely less than $10,000. Four years before taking ownership, his car crashed at a race in Nurburgring and was badly damaged.

11. Chassis#: 3705GT

Owner: Ed and Leslie Davies, Coral Gables, Florida
Ed and Leslie Davies are another pair of slightly mysterious GTO owners. They are frequently seen at car events dressed very casually, as if they just came from the beach. At a Florida car rally, a reporter managed to track Ed down for a very brief interview. When asked what he did for a living, Ed replied, "Not much of anything." Their collection includes a 1957 Ferrari Testa Rossa, a 290 MM, a black Enzo, an F50, and many more. The Davies acquired their 250 GTO in 1994 for an unknown price.

12. Chassis#: 3729GT

Owner: John Shirley, Medina, Washington
Take a wild guess how John Shirley of Medina, Washington, earned his massive fortune. After attending MIT, Shirley worked for the Tandy Corporation from 1968 to 1983, at which point he was hired by Microsoft. He worked at MSFT until 1990 and served as a director until 2008. At his peak, he was the President, COO, and Director of Microsoft. In 2001, a Seattle newspaper estimated Shirley's net worth at $582 million; today, he is worth close to $700 million.

An avid collector, his high-tech, climate-controlled garage houses more than 100 cars of significant historic value. His 250 GTO was purchased for $6 million in 1998. It had been previously painted white but is now back to its original red.

13. Chassis#: 3757GT

Owner: Nick Mason, London, England
Outside of being a Ferrari enthusiast, Nick Mason is probably best known for being the drummer of Pink Floyd. Mason has the distinction of being the only member of the hugely successful rock group to remain a member throughout the band's entire history. His net worth is $100 million. In theory, he might be able to double that net worth in the next 10 years if he chose to put his prized 250 GTO on the auction block. Nick purchased his 250 for $54,000 in 1973 ($288,000 today). And despite the fact that he once turned down $35 million for his car, he still periodically decides to park it on the streets of London:

14. Chassis#: 3767GT

Owner: Anthony Bamford, Oakamoor, England
Sir Anthony Bamford is a British businessman who controls the multi-national conglomerate JCB. JCB is the world's third-largest construction equipment maker, specializing in building machines for agriculture, demolition, digging, excavating, and more. Anthony Bamford's net worth is $4.2 billion.

Bamford is a well-known collector of cars who has a special passion for vintage Ferraris. He is also the only individual in the world who owns TWO 250 GTOs. He acquired his first 250 (Chassis #4399GT) in 1969 and the second one (Chassis #3767GT) in 1974. The final sales prices for both cars are not known. Can you imagine owning TWO Ferrari 250 GTOs??!! This guy must wake up laughing. His second 250 GTO (Chassis #4399GT) is one of the three that were re-bodied from Series I to Series II in 1964. Here is Chassis# 3767GT:

15. Chassis#: 3769GT

Owner: Anthony Wang, Long Island, New York
Anthony "Tony" Wang is the former president of Computer Associates International Inc., also known as CA Technologies. CA Technologies was founded by Anthony's brother Charles Wang in 1976. Today, it is one of the largest independent software companies in the world, with annual revenue of $4.5 billion. CA Tech was the first software company in the world to achieve $1 billion in annual sales. The company is publicly traded on the NASDAQ and currently has a market cap of $13.7 billion. The Wangs were both born in Shanghai in the early 1940s at a time when the city was under Japanese occupation. The family moved to Queens, New York, and eventually out to Long Island. Charles Wang co-founded CA Technologies when he was just 31 years old. Today, he owns the New York Islanders hockey team.

Tony Wang and his wife, Lulu, are avid Ferrari collectors. Beginning in the early 1980s, Tony started buying vintage Ferraris, Alfa Romeos, and Maseratis. And he wasn't just storing them in a garage, he was racing them all over the world.

At some point in 1986, Lulu Wang decided she was sick of being a passenger during Tony's races. So she went out and did what any reasonable person would do. She bought herself a Ferrari 250 GTO. Not the one listed above. Lulu bought Chassis#4713GT, which is listed here at #30.

Apparently, Tony wasn't satisfied borrowing his wife's car when he wanted to drive a 250 GTO, so in 1996, he bought himself Chassis#3769GT. Husband and wife matching 250 GTOs, why not!!?? Neither purchase price is known. There were also unsubstantiated rumors floating around the Ferrari world a few years back that the Wangs actually owned THREE GTOs. Those rumors may have started because the person who owns car #25 below is named Brandon Wang. In reality, Brandon is not related to Tony and Lulu.

Mike Hewitt /Allsport

16. Chassis#: 3809GT

Owner: Hartmut Ibing, Duesseldorf, Germany
Not much is known about Hartmut Ibing other than he lives in Duesseldorf and that he bought his 250 GTO in 1976 for "tens of thousands of dollars."

17. Chassis#: 3851GT

Owner: Carlos Monteverde, Roma, Italy
Remember in the opening paragraph how we mentioned that the Ferrari 250 GTO is the most expensive car ever sold at auction? Chassis#: 3851GT sold on August 14, 2014, for $38,115,000. This specific 250 GTO was originally built to compete in the 1962 3-liter FIA GT World Championship series. Unfortunately, months before that event took place, the car crashed during a different race. The driver was killed, and the car was badly damaged.

The seller, Fabrizio Violati, had owned the car since 1965. The new owner, Carlos Monteverde, is the son of billionaire philanthropist Lily Safra. Lily Safra earned her $1.2 billion fortune by marrying very well four times. Her most lucrative marriage was to world-famous banker Edmond Safra. Carlos' birth father, Alfredo "Freddy" Monteverde, was the owner of an extremely successful Brazilian appliance company. Freddy committed suicide in 1969 and left his entire estate to Lily with the stipulation that the assets be managed by… Edmond Safra. Lily and Edmond dated for a number of years. In 1972, she married a man named Samual Bendahan, only to separate after two months. She married Edmond Safra in 1976. Edmond was killed in a fire in 1999 that was started by his bodyguard. Edmond left 50% of his fortune to charity and approximately $800 million to Lily.

18. Chassis#: 3869GT

Owner: Giorgio Perfetti, Lainate, Italy
Giorgio Perfetti and his brother Augusto are Italian candy tycoons who have a combined net worth of $7.5 billion. Their father and uncle founded the company "Perfetti" in 1946. It was the first company to introduce chewing gum to Italians. In 2001, Perfetti acquired the Dutch maker of brands Mentos and Airheads for $900 million. As of today, the confectionery and gum maker employs 17,000 people via 30 subsidiary companies and distributes its products in over 130 countries. The press-shy siblings, who are Swiss residents, are no longer involved in any business operations. Giorgio acquired his 250 GTO in 1989 for an undisclosed price.

19. Chassis#: 3909GT

Owner: John Mozart, Palo Alto, California
John Mozart is a self-made entrepreneur who sold his first company, Eurasian Automotive Products, in 1979 to a company called SKF, which at the time was the world's largest ball bearings manufacturer. After selling Eurasian Automotive Products, John launched a real estate business. Mr. Mozart is a passionate collector who bought his first notable car, a Duesenberg, in 1981. He built his collection very slowly, and today houses 100+ significant classic cars in a private museum located right next door to the Silicon Valley Computer Museum. He acquired his GTO in 1998 for an undisclosed price.

20. Chassis#: 3943GT

Owner: Charles E. Nearburg, Dallas, Texas
Charlie Nearburg earned his fortune as the founder of a Dallas-based oil and gas exploration firm that he appropriately called Nearburg Exploration. But oil and gas were just a means to an end. Charlie's dream from a very young age was to become a racecar driver. So when he finally had the means, that's exactly what he became. Charlie raced for many years in a variety of competitions and leagues. He drove the 24 Hours of Le Mans in 1997 in a Ferrari 333 SP. He retired from professional racing in 2004 after a respectable career. Charlie acquired his 250 GTO from California car dealership mogul Tom Price (who now owns car #31 on this list) for $26 million in 2010.

Mike Hewitt /Allsport

21. Chassis#: 3987GT

Owner: Ralph Lauren, Long Island, New York
Fashion mogul Ralph Lauren (current net worth $8.2 billion) has one of the most famous car collections in the world. His collection of 200+ cars includes pretty much every desirable vintage and contemporary car you could ever dream of. He literally owns dozens of Ferraris, with a special emphasis on those from the 60s, 70s, and 90s. He owns a 1996 McLaren F1, a 1955 Mercedes-Benz 300SL Gull-Wing Coupe, a 1964 Ferrari 250 LM, a 1960 Ferrari 250 GT SWB Berlinetta Scaglietti, a 1955 Porsche 550 Spyder, a 1958 Ferrari 250 Testa Rossa… and many more. Way too many to list here properly. Ralph acquired his 250 GTO in 1985 for $650,000. That's roughly $1.5 million today.

22. Chassis#: 4091GT

Owner: Peter G. Sachs, Stamford, Connecticut
Peter Sachs's grandfather, Samuel Sachs, is the "Sachs" in "Goldman Sachs." After attending Harvard undergrad and NYU for business school, Peter somehow landed a job a Goldman Sachs. No idea how he pulled that off. He spent 37 years at the company before retiring as a director. At some point along the way, he began collecting and racing cars. Peter acquired his 250 GTO in 1981 through a trade. He traded his 275 GTB Speciale for the GTO, which was owned by a Chicago company called Joe Marchetti's International Auto Ltd. Peter Sachs' 250 GTO is one of the three Series I models that was re-bodied as a Series II in 1964.

23. Chassis#: 4115GT

Owner: Paul Vestey, Alresford, Hants, England
Sir Paul Edmund Vestey is the third Baronet of England's Vestey Baronetcies. A Baron is a hereditary title of honor bestowed by a European King or Queen. The Vestey Baronetcy was created in 1921 for Sir Edmond Vestey (Paul's grandfather). Edmond was the founder of Blue Star Line, a British passenger and cargo shipping conglomerate. Edmond's great-great-grandson (Paul's second cousin) is Thor actor Tom Hiddleston. Paul acquired his 250 GTO in 1981 for an undisclosed price.

24. Chassis#: 4153GT

Owner: David MacNeil
David MacNeil earned his fortune as the owner of the automobile accessory company WeatherTech. David paid $70 million for his 250 GTO in June 2018, setting the record for the most expensive car ever sold. The seller was German entrepreneur Christian Gläsel. Gläsel is the Chairman of a private German company called Weidmueller, which manufactures machines and production lines that are used by companies to build everything from cars to refrigerators to tablets. Weidmueller generated $800 million in revenue in 2013 and currently employs over 4,600 people. The company was founded by Christian's great-grandfather in 1850. Christian competed in the 24 Hours of Le Mans in 1999 and 2000 (he crashed in 2000). He acquired his 250 GTO in 2003 for an undisclosed price.

25. Chassis#: 4219GT

Owner: Brandon Wang, London
Not much is known about the source of Brandon Wang's fortune. What is known is that he has used his wealth over the years to acquire a highly admirable car collection. He bought his 250 GTO for $3.5 million in 1993. In 2011, he purchased a 250 TR for $25 million. Here's a video of his black 250 GTO:

26. Chassis#: 4293GT

Owner: William E. 'Chip' Connor, Incline Village, Nevada
Chip Connor's father founded "William E. Connor & Associates," a company that manufactures everything from garments and home textiles to furniture, toys, and stationery. William Jr (Chip) took over the company in the early 1980s and soon moved the entire operation to Hong Kong. Today, he is worth $1.1 billion.

Chip acquired his 250 GTO in 2002 for a rumored $9 million. In 2000, a Ferrari historian called this particular Chassis "the very best Ferrari 250 GTO in the world with the most significant history. Additionally, despite being a pure race car, this GTO has never been seriously crashed or modified."

27. Chassis#: 4399GT

Owner: Anthony Bamford, Oakamoor, UK

28. Chassis#: 4491GT

Owner: Giuseppe Lucchini, Brescia, Italy
Giuseppe Lucchini is the Chairman of the industrial conglomerate Lucchini RS. The company, which was founded by Giuseppe's father, Luigi, specializes in building high-technology steel products such as railway tracks. It generates approximately $300 million a year in revenue and is privately owned by the Lucchini family. Giuseppe purchased his 250 GTO in 1981 for an undisclosed price from British Formula One driver David Piper.

29. Chassis#: 4675GT

Owner: Lionshead West Collection, USA
I couldn't find much information about the "Lionshead West Collection." Whoever is behind the collection purchased the 250 GTO in 2013 from Swiss collector Jean-Pierre Slavic for a reported (but unconfirmed) $42 million in a private sale.

30. Chassis#: 4713GT

Owner: Lulu Wang, Ronkonkoma, New York
See the description under car #15.

31. Chassis#: 4757GT

Owner: Tom Price, San Francisco, California
Tom Price is the Northern California car dealership mogul whom we mentioned in the description of car #20. Price worked his way through the University of Colorado and then got a job with Ford for 8 years. He bought his first dealership in 1976. Today, the Price Family Dealerships owns and operates Volvo, Toyota, Land Rover, Aston Martin, Infinity, and Jaguar dealerships in upscale Marin County (where I am from and currently visiting). He also owns dealerships in Sacramento and Sunnyvale.

And here's a video of Tom parking his 250 at a local car show a few years back:

32. Chassis#: 5095GT

Owner: Carlos Hank Rhon, Cuauhtemoc, Mexico
Carlos Hank Rhon is a Mexican businessman who has a net worth of $1.9 billion. Carlos was born to a family that controls 93% of the Mexican financial group Grupo Financiero Interacciones. Carlos and his sons are also reportedly linked to corruption, money laundering, and the drug trade. Carlos purchased his 250 GTO in a 2013 private sale for $32 million. The seller was French entrepreneur Pierre Bardinon. The car was recently involved in a traffic accident that left the front of the car severely damaged.

33. Chassis#: 5111GT

Owner: Torrota Collection, Spain
Very little is known about the mysterious Torrota Collection of Spain. What is known is that the mystery buyer bought GTO chassis #5111GT in 2013. The buyer reportedly spent $52 million!!! That number has not been confirmed, but if it is true, that would make it the most expensive car of all time.

So there you have it! This is officially the longest article I've ever written. It also took three straight days of writing and research. I hope you enjoyed it! Maybe someday enough people will visit American Billionaire Networths to allow me to buy my own 250 GTO. Or at least pay someone to take me for a ride in one.

Read more: The Ferrari 250 GTO Is The Mona Lisa Of Cars. There Are 36 Left In The World. Here's A Definitive List Of All The Lucky Owners

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Kevin Spacey's $35 Million Breach Of Contract Judgment Was Just Wiped Clean In A Very Interesting Way https://www.americanbillionaire.org/articles/celebrity-cars/kevin-spacey-off-the-hook/ Fri, 16 Feb 2024 10:41:41 +0000 https://www.americanbillionaire.org/?p=359340 In other words, MRC is gambling that with Spacey's testimony and cooperation, their suit against those big insurance companies will be lucrative enough to make the judgment against Spacey a worthwhile write-off.

Read more: Kevin Spacey's $35 Million Breach Of Contract Judgment Was Just Wiped Clean In A Very Interesting Way

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Back in November 2021, Kevin Spacey was ordered to pay Media Rights Capital (the company that produced "House of Cards") $31 million in damages. The long story short of the case was that Kevin wasn't just an actor in the series; he was a producer. His actions and public controversies forced MRC to scrap an entire season's worth of scripts and plans after it had filmed two episodes of what would have been "House of Cards'" sixth season. MRC was then forced to scramble to put together an alternate sixth and final season that consisted of just eight episodes instead of the planned 13. All of these adjustments were extremely expensive, and as a producer, MRC claimed that Kevin "…breached provisions of both the Acting and Executive Producing Agreements that set standards for his workplace conduct, including by breaching MRC's Harassment Policy."

So, he was ordered to compensate MRC to the tune of $31 million. He appealed that judgment, but in August 2022, his appeal was denied. That meant Kevin personally owed MRC $31 million. Kevin did not pay the judgment, and by early 2024, with penalties, it had grown to $36 million.

Even at his all-time career peak, it's unclear that Kevin Spacey's net worth would have enabled him to cut a $31 million check. He almost certainly could not afford anywhere near $31 million by late 2021 after his career exploded and he was ostracized from Hollywood.

That perhaps explains why he allegedly stopped paying the mortgage and HOA on a $6 million waterfront condo in Baltimore around the time the judgment was first laid down. That condo will head to a foreclosure auction later this month.

However! For the first time in several years, there is some good news in Kevin Spacey's world… And his savior is none other than… Media Rights Captial.

Chris J Ratcliffe/Getty Images

As first reported by entertainment business news site Puck, Kevin just entered into a very interesting arrangement with Media Rights Capital. According to the terms of their agreement, MRC is allowing Kevin to pay just $1 million to the company rather than the full $36 million he owed. In exchange, Kevin will join forces with MRC in its battle with the insurance companies Lloyds of London and Fireman's Fund.

Kevin will testify on MRC's behalf in lawsuits that aim to extract $150 million plus punitive damages from the insurance companies.

In other words, MRC is gambling that with Spacey's testimony and cooperation, their suit against those big insurance companies has a better chance of being successful. And if MRC wins those legal battles, $150 million is more than $36 million—simple math.

The case hinges on a somewhat tricky argument. MRC's position is that Spacey's behavior that led to his firing from "House of Cards" was a result of his sex addiction, which it claims is a sickness that should be covered under insurance policies provided by Lloyds and Fireman's Fund. The insurers disagree, and that will serve as the main point of contention in the case as it goes forward.

The trial is set for this summer, and Spacey will testify to his sex addiction and release medical records from treatment he received at The Meadows, where figures like Harvey Weinstein and Tiger Woods also received treatment and rehab for sex addiction.

Read more: Kevin Spacey's $35 Million Breach Of Contract Judgment Was Just Wiped Clean In A Very Interesting Way

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George Foreman Is Putting His Collection Of 52 Cars Up For Auction https://www.americanbillionaire.org/articles/celebrity-cars/george-foreman-is-putting-his-collection-of-52-cars-up-for-auction/ Thu, 30 Nov 2023 10:59:55 +0000 https://www.americanbillionaire.org/?p=354703 The collection has a little something for almost any kind of car buff, and you might even see some devoted fans of Foreman's time in the ring to get in on the bidding as well.

Read more: George Foreman Is Putting His Collection Of 52 Cars Up For Auction

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Boxing legend George Foreman, who has also achieved possibly even greater fame as a TV pitchman and lending his name to the iconic George Foreman Grill, has been a prolific collector of cars throughout much of his career. He's approached the hobby of automobile collecting with a passion, accumulating a one-of-a-kind fleet of cars spanning the decades from the 1930s to today. But now, he's parting ways with his collection, putting 52 of his classics and new classics up for auction, as announced by a press release from Hagerty Inc.

Foreman himself is quoted in the press release, explaining why he's ready for these cars to find new homes:

"I have been a car collector and enthusiast most of my life, but the time has come for me to share my cars with other like-minded enthusiasts. Being able to offer them to the more than million-strong Hagerty audience is the best way to ensure they get the attention they deserve."

(Photo by Paul Harris/Getty Images)

Cason Vogel, a Hagerty Marketplace Car Specialist is also quoted, and gives an idea of the gems of Foreman's collection that will soon hit the auction block:

"The Collection is certainly unique and diverse, with the earliest example being a 1931 Ford Model A Cabriolet A400 and one of the latest being a 2005 Ford GT. The more than 50 motor cars offered are highlighted with a plethora of marques, including Chevrolet, Chrysler, Ferrari, Dodge, Plymouth, BMW, Porsche, Rolls-Royce, Bentley, and Volkswagen."

The collection has a little something for almost any kind of car buff, and you might even see some devoted fans of Foreman's time in the ring to get in on the bidding as well. All the cars are being sold without reserve, meaning no bidding restrictions and some of the cars might end up being sold for a bargain.

Some of the standouts highlighted by Hagerty include a 2000 BMW Z8, owned solely by Foreman himself, one of just 37 units manufactured in Topaz Blue Metallic with an interior in Crema and Black, purportedly "one of the rarest color combinations produced." For those that prefer a European flavor, there's a 2002 Ferrari 360 Modena and 1987 Ferrari Testarossa, to name two.

Online bidding through the Hagerty Marketplace is going on now, and lots will begin closing on December 11. Here is a video tour of George's collection that he gave as part of an interview with Graham Bensinger in 2017:

Read more: George Foreman Is Putting His Collection Of 52 Cars Up For Auction

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A 1962 Ferrari 250 GTO Sells For $52 Million At Auction https://www.americanbillionaire.org/articles/celebrity-cars/a-1962-ferrari-250-gto-sells-for-52-million-at-auction/ Fri, 17 Nov 2023 10:03:22 +0000 https://www.americanbillionaire.org/?p=354396 That sale price makes this car the second-most expensive ever sold at auction, behind the 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe that went for $142 million last year.

Read more: A 1962 Ferrari 250 GTO Sells For $52 Million At Auction

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At a recent RM Sotheby's auction centered on modern art, the auction house wanted to make a splash by bringing the hammer down on a different kind of art: a classic 1962 Ferrari. More precisely, a 1962 Ferrari 250 GTO in cherry red. The bidders at the event showed up to win, eventually driving the final sale price up to a staggering $52 million.

That sale price makes this car the second-most expensive ever sold at auction, behind the 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe that sold for $142 million last year (that particular item is a prototype and one of only two in the world, which contributes strongly to its market value among collectors). To compare, this 1962 Ferrari 250 GTO was one of 34 manufactured by the legendary Italian automaker, and one of just two to be used on the racetrack by the company's racing team Scuderia Ferrari.

$52 Million Ferrari 250 GTO

Ferrari GTO models that have actual racing in their histories are especially desirable among classic car collectors and Ferrari enthusiasts. And this one definitely has that, having been driven to a second place finish (and first in its class) at the 1962 Nürburgring 1000 KM. Additionally, it was driven during the 24 Hours of Le Mans race that same year.

The car was sold by collector Jim Jaeger, who made out quite well in the deal, having purchased it back in 1985 for the relatively paltry sum of $500,000. The buyer's identity, on the other hand remains unknown as of this writing.

Despite the sky-high final sale price of the vehicle, that $52 million sum is actually reported to be a little less than pre-sale value estimates for the car. In fact, back in September it was reported that the vehicle's opening bid would be for $60 million, so there appears to have been some cooling off in between then and when it actually went up for sale. For some added context, it's been about five years since RM Sotheby's had a Ferrari GTO on the auction block, when in 2018 another 1962 model sold for $48.4 million.

Read more: A 1962 Ferrari 250 GTO Sells For $52 Million At Auction

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The 9 Most Expensive Cars Ever Sold At Auction https://www.americanbillionaire.org/articles/celebrity-cars/top-five-expensive-cars-ever-sold-auction/ https://www.americanbillionaire.org/articles/celebrity-cars/top-five-expensive-cars-ever-sold-auction/#respond Wed, 15 Nov 2023 20:15:24 +0000 https://www.americanbillionaire.org/?p=166140 Ferrari dominates the list of the most expensive cars ever sold at auction, but it doesn't actually finish in first place.

Read more: The 9 Most Expensive Cars Ever Sold At Auction

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If you ever invent a time machine, you should go back to 1960 and buy a Ferrari 250 GTO. Scratch that. Buy ten.

In 1960 you could have bought a Ferrari GTO fresh from the factory for $6,000. After adjusting for inflation, that's the same as spending around $62,000 in today's dollars. In 1985, a businessman named Jim Jaeger bought his GTO for $500,000. That's the same as around $1.4 million today.

In November 2023, Jim sold his Ferrari GTO for…

$51.7 million

And while that's an insanely high purchase price, it is NOT enough to be the most expensive car ever sold at auction. Below is the current list of extremely pricey car auctions. Jim Jaeger's $52 million GTO ranks second. The #1 most expensive car sold for nearly 3x Jim's second-place price.

The 9 Most Expensive Cars Ever Sold At Auction

#9: 1967 Ferrari 275 GT-4 NART Spyder – $27.5 million

Only one of 10 examples made, this NART Spyder also only had one owner: A collector named Eddie Smith. Smith had offers for his car by the likes of Ralph Lauren and Steve McQueen, but held onto it until July 2013, when it was purchased at auction for $27.5 million by fashion billionaire Lawrence Stroll. At the time it was the most expensive car auction ever. Unfortunately for Lawrence, his record was broken just one month later by the #7 car on this list.

#8: 1956 Ferrari 290 MM – $28 million

Sold at auction in December 2015 for $28 million, this 1956 Ferrari 290 MM was originally built for Formula One racing legend Juan Manuel Fangio. It is one of only four made. Under Fangio, this car finished fourth at the Mille Miglia that year. Most impressively for a car that was routinely raced, this specimen never crashed.

#7: 1954 Mercedes Benz W196R Silver Arrow – $29.6 million

This "Silver Arrow" won a groundbreaking 12 Grand Prix races and was one of only 14 examples made by Mercedes, with only 10 of them remaining today. Six of those 10 are owned by the carmaker in Germany and three of them are located in museums, which makes this the only one left. The car was driven by famous racer, Juan Manuel Fangio in Le Mans. The Silver Arrow was sold by Bonham's in August 2013.

#6: 1967 Ferrari 412P Berlinetta – $30.2 million

Sold at auction in August 2023 during Monterey Car Week.

#5: 1957 Ferrari 335 Sport Scaglietti – $35.7 million

Sold at auction in France in February 2016 for $35.7 million, this Ferrari 335 Sport Scaglietti competed in the very first Mille Miglia rally and set a record at Le Mans.

Jacques Demarthon/Getty Images

#4: 1962 Ferrari 250 coupe – $38.115 million

This Ferrari set the record for most expensive car ever sold at auction in Monterey in 2014. This model was produced from 1962 to 1964, with only 39 examples having been made. Ralph Lauren also happens to own one of these bad boys and so does Pink Floyd drummer, Nick Mason. This particular model was designed to compete at the 3-liter FIA GT World Championship series in 1962, but was fatally crashed by a driver in another race beforehand. This 250 coupe was sold at the Concours d'Elegance luxury car festival.

#3: 1962 Ferrari 250 GTO – $48.4 million

As you may notice, the Ferrari 250 GTO occupies three of the top 10 most expensive car auction results. And as you may notice, the 250 GTO occupies spots #4, 3 and 2 on this list. This specific GTO auction occurred in August 2014. The car, which had been owned by the same family for 49 years, won the 1963 FIA World GT Championship.

#2: 1960 Ferrari 250 GTO – $51.7 million

As mentioned at the top of the article, this specific Ferrari 250 GTO was purchased by an Ohio-based collector named Jim Jaeger for $500,000 in 1985. He offered his car up for auction in November 2023. When the gavel struck, a thus-far-unnamed buyer offered a winning bid of $51.7 million.

JACK GUEZ/AFP/Getty Images

#1: 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe – $142 million

That is not a typo. In May 2022 a top-secret RM Sotheby's auction was held in Stuttgart, Germany. An elite group of invite-only collectors, with the deepest possible pockets, gathered to bid on a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe, one of only TWO examples ever built. When the gavel slammed, a private and still-unnamed buyer paid $142 million for this car:

(Photo by Michael Cole/Corbis via Getty Images)

Read more: The 9 Most Expensive Cars Ever Sold At Auction

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Extremely Rare 1962 Ferrari 250 GTO Will Have A $60 Million STARTING BID At Auction In November https://www.americanbillionaire.org/articles/celebrity-cars/extremely-rare-1962-ferrari-250-gto-will-have-a-60-million-starting-bid-at-auction-in-november/ Thu, 21 Sep 2023 09:58:02 +0000 https://www.americanbillionaire.org/?p=351795 This sweet ride is going on sale during a Sotheby's auction in the fall. Want a chance at grabbing it? Be prepared to pay a lot.

Read more: Extremely Rare 1962 Ferrari 250 GTO Will Have A $60 Million STARTING BID At Auction In November

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For car enthusiasts, the Ferrari 250 GTOs are among the most cherished items you can have in your collection. Between 1962 and 1964, Ferrari produced a grand total of 36 250 GTOs. They were originally built to compete at the 24-Hour Le Mans and other high profile European races. If a consumer was lucky enough to purchase a 250 GTO in the early 1960s, the sticker price was $6,000. That's equal to around $60,000 in today's dollars.

In 1985 an Ohio-based car collector named Jim Jaeger set his sights on owning a 250 GTO. He traveled to Europe to put out feelers. One day he got a hit. Someone referred Jim to a collector in… Detroit. Just four hours from his home in Ohio. Jaeger made the drive and after a cursory exam, offered to buy the car for $500,000. That's the same as $1.4 million today.

That was a wise choice. In November RM Sotheby's, the car-auction arm of Sotheby's, will offer Jim's 250 GTO at auction with a STARTING PRICE of $60 million.

Jim Jaeger's Ferrari 250 GTO

There's a little additional history behind the car, as it's one of two GTO models that Scuderia Ferrari actually raced. Since most car collectors are not professional racers, it would likely be the closest the buyer comes to winning a tournament event. The car was driven at the 1962 Le Mans and finished second overall in the 1962 Nürburgring 1,000 km race.

And if you're thinking a $60 million starting bid is insane, consider the following –

Back in 2018 RM Sotheby's sold a 1962 250 GTO model for $48.4 million. And that same year a 250 GTO reportedly traded hands privately for $70 million.

Believe it or not, even if Jim Jaeger's 250 GTO sells for $70 million, that still won't be halfway to the most expensive car sold at auction. That record belongs to a 1955 Mercedes-Benz 300 SLR Coupe  which sold at auction for $142 million in May 2022.

Read more: Extremely Rare 1962 Ferrari 250 GTO Will Have A $60 Million STARTING BID At Auction In November

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