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The Economic Times
The Economic Times
National

87-year-old Florida billionaire who bought Apple at its IPO spends $40 million on Ferrari’s first EV designed with Jony Ive, making history with one-of-a-kind Luce bought at auction

Apple Jony I Ferrari LoveFrom Florida

An 87-year-old billionaire who made a fortune by investing in Apple during its early days has made another extraordinary bet on technology and design. Herbert A. Wertheim has paid $40 million for Ferrari’s first fully electric production car, the Ferrari Luce, securing a one-of-a-kind example at auction.

The extraordinary purchase took place at the RM Sotheby’s Monterey auction, where the Ferrari Luce dramatically exceeded its original presale estimate. The car was estimated at around $1.1 million, but ultimately sold for a staggering $40 million, with the proceeds going to the Ferrari Foundation.

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