Biography & Early Wealth Journey

$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.

Primary Income Streams & Multi-Million Contracts

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.