The Hidden Reason Behind the Luxury Car Hobby

“Vua cà phê” Đặng Lê Nguyên Vũ is one of the richest tycoons in Vietnam, known for his extravagant car collection consisting of nearly 500 luxury cars, including rare and vintage models. In an interview with the press in June 2023, Mr. Đặng Lê Nguyên Vũ shared his perspective on owning luxury cars.

When asked, “As someone living in the mountainous region, why do you own so many luxury cars? Do you actually use them?” The “Coffee King” replied that some of his cars are left unused for 7-8 years, requiring frequent maintenance. The cost of maintenance is also substantial, but for Mr. Đặng Lê Nguyên Vũ, cars are considered consumables rather than assets.

The “Coffee King” also admitted that he couldn’t remember all of his luxury cars because there are simply too many, and he doesn’t have a favorite car. “I buy them, but I don’t pay much attention. They’ve been left untouched for the past 10 years,” said Mr. Đặng Lê Nguyên Vũ. He explained that his intention behind acquiring multiple luxury cars is not for publicity purposes, but rather to auction them off in the future to support young entrepreneurs. According to him, the value of these cars will appreciate over time.

The collection of luxury cars owned by Mr. Đặng Lê Nguyên Vũ primarily includes brands such as Mercedes-Benz, Rolls Royce, Ferrari, Porsche, among others. Some notable models include the Porsche 911, Porsche 918 Spyder, Bugatti Veyron, McLaren Senna, and Ford GT.

In 2022 alone, Mr. Đặng Lê Nguyên Vũ added nearly 70 luxury cars and sports cars to his collection, with a total value exceeding 700 billion Vietnamese dong. These additions comprised 16 Porsches, 1 McLaren, 5 Aston Martins, 7 Fords, 15 Ferraris, and various Lamborghinis, Audis, Mercedes-Benz, BMWs, and Japanese sports cars.

In Vietnam, Mr. Đặng Lê Nguyên Vũ was the first person to purchase the Porsche 911 Sport Classic 2023. He also owns other vintage cars such as the Porsche 944, Toyota Corona, Toyota Corolla, and Nissan Datsun 280ZX.

These luxury cars have previously been showcased during the Buon Ma Thuot Coffee Festival and displayed at the Trung Nguyen Coffee Museum in Dak Lak Province.

Apart from his love for luxury cars, Mr. Đặng Lê Nguyên Vũ is also well-known for his passion for car modifications. He has customized a 2009 Porsche Cayenne in a military-style, enhancing its off-road capabilities, and has upgraded various details for a rare Mercedes-Benz limousine variant.

The images of Mr. Đặng Lê Nguyên Vũ’s car storage in M’Drắk district, Dak Lak Province, have also attracted attention. The garage is a makeshift structure with a metal roof, cement floor, and has a simple appearance compared to the luxurious cars it houses. It is located on a 600-hectare farm owned by the Chairman of Trung Nguyên Group. Additionally, Mr. Đặng Lê Nguyên Vũ also has another garage at his private residence in Ho Chi Minh City, where only a few cars can be stored indoors, leaving the remaining luxury cars parked outside, exposed to the weather.

In conclusion, the luxury car collection owned by Mr. Đặng Lê Nguyên Vũ is a testament to his personal passion. While some may view it as extravagant, his intention behind accumulating these cars is to support young entrepreneurs by auctioning them off in the future. These luxury cars have become a symbol of success and a testament to the entrepreneurial spirit.