The Porsche Carrera GT, which car YouTuber Manny Khoshbin recently sold, was among the most exotic supercars he has ever owned. He has now clarified why now is the ideal opportunity to get rid.
Khoshbin disclosed the absurd expense of maintaining his fleet of supercars in February 2020, saying it costs him hundreds of thousands of dollars annually – not mentioning the real cost of the cars, which can be over $1 million.
In addition, he disclosed that he had sold his Porsche Carrera GT, which many people would consider a dream car, in favor of three supercars worth a combined $7 million that he had planned to purchase at the Geneva Motor Show.
In his March 26 post, Khoshbin explained that the current global crisis has resulted in a mild recession and, as a result, a decline in interest in supercar purchases.
Manny claimed that as a result, he chose to sell some of his less valuable vehicles, including his Porsche, to avoid losing too much money on them during the panic.
He explained that selling the car he had owned for seven years at the beginning of March was just the correct thing to do at the right moment. If he had sold it two weeks earlier, he would have received between $100 and $150,000 less.
It was the ideal time to sell the Carrera GT since, as Manny noted, he doubled his money on that and “you never go broke earning a profit” — which is especially useful given how many cars he already has on order.
Khoshbin went on to say that there will be a significant drop in the market for supercars and that he might be tempted to purchase one or two at the right price because they will be less expensive than usual.
According to Manny’s explanation, choosing to do this would have been a wise choice, especially if it would have resulted in an additional $100,000 or more in the bank. He even made the ultimate power play by suggesting that he might buy it back if the price falls low enough.
He spent $2.2 million on the fastest street-legal vehicle in the world.
In 2015, the Koenigsegg Agera RS made its debut. Only 25 cars were expected to be produced. All 25 of the cars in this series, each with a $2.5 million price tag, were sold out in less than 10 months. In 2018, Manny Khoshbin purchased a limited-edition Agera RS Phoenix with transparent carbon and gold accents as his first Koenigsegg. However, Manny Khoshbin made the decision to sell it six months later. Khoshbin reportedly reduced his original $3 million or more purchase price, admitting that he actually paid $2.2 million for the car, according to CNBC. After six months of ownership, he sold it for $4.1 million, making $1.9 million in profit.
Porsche 935 in 2019:
Only 77 examples of the 2019 Porsche 935, a racer ready for the track, were produced by Porsche. The outside paint color is Martini Classic, and Manny paid $829,000 to add this vehicle to his collection. The outside color of the automobile is Agate Grey as standard, while Manny’s Martini Classic is an additional $27,500 option. Porsche first debuted the vehicle at Rennsport Reunion VI in the fall of 2018 at the Californian racetrack Laguna Seca.
The vehicle is an homage to the Moby Dick-known Porsche 935/78 Le Mans race car. A Porsche 911 GT2 RS vehicle is hidden beneath the entire carbon fiber bodywork. This 935 track edition boasts an electronically controlled limited-slip differential in addition to a titanium exhaust system. The side mirrors come from the 911 RSR, while the taillights are the same as those on the 919 hybrid LMP1 vehicle.
What was Manny Kushbin’s first automobile?
When Khoshbin was 24 years old, he purchased his first dream car, a 1994 Mercedes-Benz 500 SL. I paid $90,000, which was a lot of money 21 years ago, LOL, he exclaimed. His very first supercar was a 2005 Ferrari F40.
What are the autos of Manny Kushbin worth?
Despite his current collection being worth $30 million, automotive fanatic Manny has no qualms about improving it and spending $17 million on new vehicles. His collection of exotic cars includes a Hermes Bugatti Chiron, a Porsche Carrera GT, a 2017 Ford GT, a Porsche 935, a McLaren Speedtail, two Bugatti Veyrons (one of which is a Rembrandt Edition), a McLaren Senna, a McLaren P1, and a Koenigsegg Jesko, to mention a few.
He has a knack for identifying the most profitable investments across all markets, and this is not an accident, according to statistics. In 2014, it was calculated that Manny Khoshbin had a net worth of roughly $45 million. His predicted net worth in 2022 will be close to $80 million. The fact that Manny Khoshbin is only 51 years old should further amaze you about his wealth. You will undoubtedly notice an improvement in net worth over the coming period because of how far he has gone.
Why is it that Manny Khoshbin doesn’t own a Ferrari?
Ferrari recently unveiled the new Daytona SP3, and auto enthusiasts are giddy. Manny Khoshbin obviously couldn’t pass up the chance to express his curiosity and make a hint that he might obtain one. And while talking about supercars, he revealed that a Porsche GT3 is one of his favorites.
When you own several vehicles, you don’t use them as frequently as a typical individual who owns only one does. However, you do develop a few favorites.
Despite owning pricey vehicles from exotic manufacturers like Koenigsegg, Bugatti, McLaren, and Pagani, one of Manny Khoshbin’s favorites is still a Porsche.
The real estate tycoon, who has a net worth of about $80 million, said one of his preferred supercars is the Porsche 911 GT3 in a recent social media post. He posed next to a model with yellow paint, and he wrote: “A favorite of mine among entry-level supercars is the Porsche GT3. It sounds terrific, has incredible speed, handling, and braking, and works well as an everyday driving.”
The well-known YouTuber doesn’t drive it every day, though. He would rather have a Rolls-Royce.
Manny Khoshbin, however, couldn’t help but praise Ferrari for their new car, the 828-horsepower Daytona SP3 when it came to supercars.
The real estate magnate doesn’t own Ferraris, just so you know a little about the history of their connection. He revealed that he formerly owned an F40 and a 360 Spider but that, after the Italian company returned his money for a car he desired, he and them had a falling out.
He didn’t try again as a result. But will he change his mind in light of the new Daytona SP3? We’ll need to keep an eye out for what he next adds to his collection.
What was Manny Khoshbin’s source of income?
Manny has amassed a total following of more than 4 million individuals on social media in addition to his real estate enterprise. Manny has also used his excellent reputation and credibility in social media and real estate to create well-known coaching packages that help real estate investors go to the next level.
How is Manny Khoshbin doing?
MANNY KHOSHBIN is the president and CEO of The Khoshbin Company, based in Orange County, California, and the author of Driven: The Never-Give-Up Roadmap to Massive Success (Entrepreneur Press, 2018).
What is the value of Manny Kushbin’s home?
Manny Khoshbin is well known for leading an opulent lifestyle and having access to million-dollar homes for personal usage. In Newport Coast, California, he purchased a stunning oceanfront home.
The opulent estate features a sauna, gourmet kitchen, movie theater, wine cellar with 1500 bottles, a large underground parking garage, and many other amenities. This super opulent home costs around $30 million to build.
This California estate in the Mediterranean style features a sizable patio with a koi pond, a fireplace, a swimming pool, and a Jacuzzi. The house has around 13,532 square feet of area, seven bedrooms, and nine bathrooms. It was constructed back in 2002.
Is Manny Khoshbin constructing a brand-new home?
Manny Khoshbin, a car aficionado, YouTube star, and real estate tycoon, has an unrivaled taste for anything opulent. The most prized vehicle in his collection of one-of-a-kind hypercars is a $4.5 Hermes Bugatti Chiron. He gives his admirers an exclusive tour of his brand-new 70,000 square foot house, which also has a brand-new garage and track, in his prized Bugatti.
Khoshbin drives his Chiron to check out his newly constructed property in his most recent YouTube clip, but there’s a snag. His garage space is suffering as a result of his thirst for hypercars. He must abandon his Pagani and Bugatti Rembrandt in order to reach his prized Hermes Chiron.
But let’s not forget that Khosbin is a prosperous real estate agent who has made a fortune by selling multi-million dollar mansions in the United States. Among the vehicles in his collection are a Ford GT, SLR McLaren, Porsche 992 Targa, Pagani Huayra, Rembrandt, EB110, Bugatti Veyron, and a B2 Fighter Jet bespoke desk.
The 70,000 square foot “House of Khoshbin” is a construction marvel. It appears to be around 75% finished, but it is immediately clear that it is likely the nicest piece of land he has ever owned.
The 70,000 square foot estate, which resembles a palace, boasts immaculate grounds, a beautiful fountain in the middle, and little streams circling the main draw, the Khoshbins’ home. A garage big enough for all of his hypercars is a part of the expansive estate. He mentions that the driveway needs to be redone because it is not suitable for Bugattis.
His fleet, Bugatti, and many businesses that he owns will all be housed on this new property. It will serve as both his office and his event facility, for which he is applying for a permit.
He wants to maintain the property’s holiness and capitalize on the positive energy it already possesses because it was once a church. He makes a hint that wedding ceremonies for couples will be a part of the festivities. Additionally, the property will have a personal track for the electric go-karts he recently bought.
Why is Manny so wealthy?
Techie+Gamers estimates Manny Khoshbin’s net worth at an astounding $80 million. He has made most of his money from real estate, but he has also made money through book sales, YouTube, and his mentoring program (Contrarian Academy), where he assists aspiring real estate investors in navigating the market.
How much is a koenigsegg?
The greatest reputation of Koenigsegg is undoubtedly its relative obscurity, which makes sense given that this Swedish carmaker creates ultra-exclusive, ultra-expensive hypercars. While famous models like the Agera are no longer produced, the company’s other models continue to maintain its unearthly performance and panache. One of the fastest and most potent hybrids on the world, the Koenigsegg Regera costs seven figures. The Jesko is the most recent model, and it is incredibly complicated and fast. It probably costs around $3 million.
Who purchased TBN?
The structure was occupied by TBN until 2017, when it was sold for $18.3 million. According to Reonomy records, the property was sold once more in 2020 for $25.5 million to Efekta Orange Inc., who wanted to establish one of its EF Education First immersive language schools there.