Florida billionaire buys Ferrari Luce for $40M

Meanwhile, the Economic Times daily newspaper is available online now.

Key points

• WertheimFerrari LuceFerrari first EVJony Ive FerrariJony Ive LoveFrom$40 million FerrariApple billionaireFerrari electric carFerrari auctionFerrari Luce Chassis 0.
• This person sold half of her Amazon stake, supported erase $40 billion in medical debt with $100 million in donations Apple investor buys Ferrari designed with Jony Ive connection.
• 87-year-old Florida billionaire who purchased Apple at its IPO spends $40 million on Ferrari's first EV designed with Jony Ive, making history with one-of-a-kind Luce purchased at auction.
• Wertheim, an early Apple investor, has spent $40 million on Ferrari's first fully electric production car, the Luce.
• The $40 million Ferrari Luce purchase brings together a number of defining elements of Wertheim's life: technology, investing, innovation and design.

87-year-old billionaire Herbert A. Wertheim, an early Apple investor, has spent $40 million on Ferrari's first fully electric production car, the Luce. Wertheim purchased Apple shares at the company's 1980 IPO. The one-of-a-kind Chassis 0 was created with Jony Ive's LoveFrom and sold at auction for far above its original estimate.

In practice, an 87-year-old billionaire who created a fortune by investing in Apple during its early days has produced 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. For context, 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. The purchase is particularly notable since the Ferrari Luce was created in collaboration with LoveFrom, the creative collective founded by legendary Apple designer Jony Ive and Marc Newson.

Jeff Bezos' ex-wife MacKenzie Scott. This person sold half of her Amazon stake, supported erase $40 billion in medical debt with $100 million in donations Apple investor buys Ferrari designed with Jony Ive connection.

Wertheim's connection to Apple makes his Ferrari purchase even more fascinating. He purchased Apple shares during the company's 1980 initial public offering, becoming an early investor in what would eventually become one of the world's most valuable technology businesses. Live Events.

Over the decades, his Apple investment became a major contributor to his wealth. He has additionally invested in businesses including Microsoft, Google and other major businesses. His new Ferrari, meanwhile, has a solid connection to the world of Apple design.: Oracle layoffs August 2026 update: Which employees are at 'high risk' as fresh cuts loom and what could the severance package look like? Jony Ive spent decades shaping Apple's most recognizable products, including the iPhone, iPod and Apple Watch, before leaving the firm and establishing LoveFrom. Ferrari confirmed its creative partnership with LoveFrom in 2021, bringing together two worlds known for obsessive attention to design. The Ferrari Luce is one of the most significant results of that collaboration. Ferrari Luce comes with 1, 036 horsepower.

Meanwhile, the Ferrari Luce isn't simply an expensive collector's car. It represents a major turning point for Ferrari as the legendary Italian automaker moves into the electric era.: 17-year-old Pennsylvania student Audrey Zheng develops pancreatic cancer test that correctly detects 87% of cases and rules out disease in 87.5% of individuals The Luce features four electric motors producing a combined 1, 036 horsepower. Ferrari notes the electric grand tourer can accelerate from 0 to 62 mph in approximately 2.5 seconds and reach a top speed of around 193 mph. While its asserted WLTP range stands at roughly 329 miles, the car is equipped with a 122-kWh battery. Its charging system can reportedly backing charging speeds of up to 350 kW. $40 million Ferrari is Chassis 0.

Wertheim's car is particularly special since it is identified as Chassis 0, making it a significant piece of Ferrari's electric-car history. The billionaire's example was additionally given an exceptionally distinctive specification by Ferrari's Tailor Produced division.: $3, 000 Walmart theft spree over 3 weeks: How Flock cameras supported catch Florida corrections officers accused of stealing LEGO sets and Magic cards Its Madreperla Semi-Gloss finish changes appearance depending on the lighting and viewing angle, shifting between green and violet tones. While Grigio Corvara details add contrast, the interior was similarly customized with Perla Le Mans metallic leather. The personalization extends to a number of exterior elements, including the wheels and brake calipers. Who is Herbert A. Wertheim?

Wertheim's story is considerably more unusual than that of a typical billionaire investor. Before building his fortune, he served in the Navy and afterwards worked at NASA on instrumentation associated with manned spaceflight. He eventually became an optometrist, inventor and investor. His investment philosophy has focused heavily on understanding technology and intellectual property. He has previously described spending significant time studying patents and technical information before making investment decisions. His investment in Apple is perhaps the best-known example of his long-term strategy. Why the Ferrari Luce purchase is so significant.

In practice, the $40 million Ferrari Luce purchase brings together a number of defining elements of Wertheim's life: technology, investing, innovation and design. He was an early Apple investor long before the firm became a global technology giant. Now, decades afterwards, he has purchased the first production Ferrari Luce, a car linked to the design philosophy of Jony Ive. At $40 million, the Ferrari Luce is additionally an extraordinary auction result. But for Wertheim, the purchase appears to be regarding more than simply owning another rare supercar. It gives him a place in the history of Ferrari's transition into electric vehicles-and a remarkable connection between two of the world's most influential names in technology and design. Add Now!

Herbert A. WertheimFerrari LuceFerrari first EVJony Ive FerrariJony Ive LoveFrom$40 million FerrariApple billionaireFerrari electric carFerrari auctionFerrari Luce Chassis 0.

Taken together, the developments around florida billionaire buys Ferrari Luce for $40M point to a situation that is still moving, and the coming days should bring more clarity.