Elon Musk Once Wrecked $28 Million Uninsured McLaren F1 Hypercar on the Way to Meet Investors in California

• The world's richest man, Elon Musk, bought a McLaren F1 hypercar for $1 million in 1999 after selling his software company and didn't insure it
• One year later on his way to a meeting with investor Peter Thiel the two were involved in a huge crash after the South African-born tech mogul lost control of the car
• The McLaren F1 was at one time the world's fastest production car thanks to a BMW-sourced V12 engine with 461kW and a top speed of 386km/h

A video of the world's richest man, Elon Musk, admitting that he didn't insure his McLaren F1 hypercar is fascinating to watch.

According to Forbes, the South African-born entrepreneur has a net worth of $219 billion and is the owner of several tech companies such as SpaceX, Tesla and The Boring Company.

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However back in 1999 Musk had pocketed $22 million for selling a software company and splurged on purchasing a rare McLaren F1 for $1 million, according to The Drive.

Here's a CNN video of Musk taking delivery of his silver McLaren F1 in 1999:

The McLaren F1 was at one time the world's fastest production car thanks to a BMW-sourced V12 engine with 461kW and a top speed of 386km/h, according to McLaren Automotive.

In a fascinating interview on PandoDaily, Musk confirms he did not insure the car and that he attempted to show it off to co-driver Peter Thiel who is one of the world's most influential investors.

The windscreen, suspension and bodywork were damaged in the high-speed crash, thankfully Musk and Thiel emerged unscathed from the incident.

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Watch the interview below:

Elon Musk's top 10 cars include amphibious Lotus from James Bond film

As the owner of electric car company, Tesla, Elon Musk of course owns a few from the brand but he also has some other cool cars Briefly News reports.

The CEO of Tesla and SpaceX turned 51 years old on June 28 and is the richest person in the world with a net worth of $234 billion. The South African-born entrepreneur once bought a McLaren F1 when he sold an internet business for $400 million.

We take a look at 10 of the coolest whips Musk owns including several Teslas, a classic Ford and an amphibious Lotus.

Source: Briefly News