Being the CEO of a company certainly has its perks. Not only do you earn a premium salary and make decisions to increase profits, most CEO’s are also able to afford some high end vehicles. This is certainly the case for these four Australian CEOs.
Clive Palmer – 1913 Fiat
One of Australia’s richest business men, mining magnate Clive Palmer, is no shrinking violet when it comes to spending big on the things he loves. Whether it is rebuilding the Titanic, creating his own Jurassic Park or investing in antique cars, Palmer’s huge pay packet does not limit him to just one or two investment avenues.
Indeed, Clive Palmer has a love of antique cars and owns not one but two mint-condition 1913 Fiat’s with an anticipated auction value of around $1 million. He originally bought one of the vehicles in 1978 for just $9,000. “If you’re buying a car that’s already 70 years and keep it until it’s about 100 years, you probably get a good increase,” Palmer told BRW, “This is a particularly unique car.”
These cars are just two of Palmer’s expansive collection of 105 motor vehicles housed in the Palmer Motorama Museum on the Sunshine Coast. Indeed, just last year, he purchased the latest edition to his collection, a 1999 Rolls-Royce Silver Seraph.
Neville Crichton – Ferrari Daytona Spyder
Originally hailing from New Zealand, Crichton is the CEO of Ateco Automotive – one of Australia’s largest importers of Alfa Romeos, Citroens, Fiat Maseratis and Ferraris. Also a lover of classic cars, Crichton owns a 1970’s Ford Mustang convertible as well as a 1971 V12 Ferrari Daytona Spyder. “I traded it on a new Ferrari,” Crichton told drive.com.au. “It’s a pretty impressive car despite the fact it’s converted from a hardtop Berlinetta.”
Indeed, the Ferrari used to belong to one of Elvis Presley’s former bodyguards and was seized by customs in the mid 1980s before it had it’s makeover. In addition to Crichton’s collection, he also owns the oldest known Alfa Romeo in the world – a 1921 6.3 litre six-cylinder G1, of which just 52 were built. “It’s a great profiler for the brand here and it’s a model that Alfa’s own museum in Arese doesn’t have,” said Crichton.
Roxy Jacenko – Ferrari California
As CEO of Sydney- based, public relations firm, Sweaty Betty, Jacenko, needs to look the part. She manages this easily with her $460,000 white Ferrari California. It was a wedding present from her corporate advisor husband, Oliver Curtis and is the perfect mode of transport to roll up in at a glittering corporate function.
Known to be the first front engine Ferrari with a V8, the California has a top speed of 310 km/h and it’s clean lines make it the most aerodynamic Ferrari ever made.
Ruslan Kogan – BMW i8
Mentioned by BRW as 2011’s wealthiest self-made person under 30, Kogan, CEO of kogan.com.au is a multi-millionaire who made his cash selling cut-price electrical goods online. Recently the internet retail king was arrested for speeding in his BMW M6 Gran Coupe after being caught doing 85km in a 50 zone around Melbourne’s Albert Park.
Despite his poor driving record, Kogan has vowed to make 2014 a better year behind the wheel, reportedly becoming one of the 20 Aussies to own the new BMW i8. With a price tag expected to fetch around $350,000, the i8 was originally a concept model that last year went into production. Featuring an electric mode with a top speed of 120 km/h, the stylish BMW model recently partnered up with Louis Vuitton, which produced a series of carbon-black luggage pieces specifically for the i8.