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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
The American billionaire who bought Ferrari’s first electric vehicle model for an eye-watering eight figures may be able to cash in on a tax write-off perk from the purchase.
AI Summary
American billionaire Dr. Herbert A. Wertheim, an 87‑year‑old former optometrist, purchased Ferrari’s inaugural electric model, the Luce, for $40 million at a Sotheby’s public auction. The sale was part of a charity auction benefiting the Ferrari Foundation’s global education initiatives. The purchase may allow Wertheim to claim a tax write‑off that could reduce his tax liability by roughly $13 million.
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