Billionaire Herbert Wertheim Purchases Rare Ferrari Luce EV for $40 Million

Dr. Herbert A. Wertheim acquired the first production unit of the ultra-exclusive Ferrari Luce electric vehicle, a move that may yield significant tax advantages.

28 Aug, 15:41 — 28 Aug, 15:41

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fortune3d ago

An 87-year-old American billionaire bought the first Ferrari Luce for $40 million, and the purchase could save him $13 million in taxes

Dr. Herbert A. Wertheim, an optometrist and philanthropist with a $4.8 billion net worth, bought the EV earlier this month. It had a presale estimated cost of $1.1 million.

By Sasha Rogelberg

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Billionaire Herbert Wertheim Purchases Rare Ferrari Luce EV for $40 Million

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An 87-year-old American billionaire bought the first Ferrari Luce for $40 million, and the purchase could save him $13 million in taxes

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