2022 was a terrible year for billionaires, many of which lost nearly $2 trillion combined. Despite stock, crypto, and bond market turmoil, as well as soaring interest rates, elevated inflation, and increased risk of economic uncertainty, the ultra-wealthy were increasingly purchasing luxury vehicles. Rolls-Royce Motor Cars published a press release stating it recorded its “highest-ever annual... 

Police officers investigate wrecked luxury cars at the site of a traffic accident on the Chugoku Expressway in Shimonoseki. Altogether 14 cars, among them eight Ferraris, a Lamborghini and two Mercedes Benz, have collided in Japan’s most expensive car crash ever. ­Sports Nippon newspaper estimates the value of the vehicles to be about $4 million. Unfortunately some of the owners will have to part...