Nigerian man buys Arnold Schwarzenegger’s Bugatti for $2.5 Million

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A Nigerian man identified as Obi Okeke has bought Arnold Schwarzenegger’s Bugatti Veyron which was put on sale for about $2.5 million.

According to TMZ Arnold’s 2015 Veyron — which goes 0-60 mph in 2.5 secs — only had about 1,000 miles on it .

Obi Okeke and Floyd Mayweather

Mr Obi Okeke aka Doctor Bugatti had sold Floyd Mayweather a similar car sometime ago and has also purchased atleast 40 cars for Floyd as he is one of his trusted car dealers.

Okeke however  plans to resell it, if you’re in the market for something that tops out at 267 mph.

Now for those of you who know little or nothing about this Nigerian man, here’s all you need to know.

Obi Okeke first left for the United States of America as a 5-year-old refugee during the Nigerian Civil War in 1967.

His mother, from Ohio, was able to leave the country with him, but his father, who was born in Nigeria, stayed back to fight.

Over forty years later, Okeke, now 56, is a fixture in the luxury automobile industry, dealing in cars that cost millions and selling to clients like Floyd Mayweather.

After that first move to the US, Okeke returned with his family to Nigeria, where he stayed until attending a private high school in Switzerland, it was then he discovered great cars.

While in Switzerland, Okeke developed a love for European wheels. By the time he was 15, his teachers had already known that he would end up in the car business.

Following high school, Okeke came back to the US and started college at Northeastern University in Boston, although he did not graduate from the school.

When he was 21 years old, Okeke conducted the first of many car deals he’d close in his career. He purchased a BMW 323i Alpina and was able to sell it for a profit of nearly four times what he paid. This very transaction was encouraging and it spurred him.

As you would expect for a car salesman, it took some time for him to work his way up to the status of being a salesman of super cars and the co-owner of a dealership.

And he bounced around a lot: from Chevy to Dodge to Volkswagen to Lexus to BMW to Mercedes — and his last stop before opening his own place, to Ferrari-Maserati.

Following six years as the general manager of Ferrari-Maserati in Calabasas, California, Okeke in 2012 co-founded Fusion Luxury Motors in North Los Angeles with a man named Yoel Wazana.

 

When the dealership opened in 2012, it could only display up to five cars but by April 2013, it had moved into a 12,000 square foot show room that can hold 45 cars.

 

On his relationship with Floyd Mayweather,  Okeke according to Business Insider revealed Mayweather as easily his biggest-name client.

He says Mayweather will stop in about once a month just to see what’s available and if there is anything he wants to buy.

Okeke said he doesn’t sell to a lot of celebrities, even though they stop in to look every now and then, just as Keith Urban did a few weeks ago. And the business plan behind Fusion explains why.

The strategy is to sell high-quality, rare luxury cars to car collectors, not just to deal expensive super cars to celebrities that have the money.

“Celebrities may buy a Range Rover or Aston Martin or something, but that doesn’t mean they care about cars or want to collect,” Okeke said. “My buyers are people who have a true passion.”, he told Business Insider

Despite being one of the biggest names in sports, Mayweather falls into that category. His car collection features three Bugatti’s and many other of the premium car brands, like Bentley, Ferrari, Lamborghini, and Rolls-Royce.

In total, Mayweather has bought at least 40 cars from Okeke, including a Koenigsegg CCXR Triveta from Okeke for $4.8 million, according to the boxer’s Instagram.

Okeke confirmed the purchase but could not disclose the price.

According to Business Insider, the most expensive car he’s ever sold, also to Mayweather, was a 2003 Ferrari Enzo. The car was advertised at the time for $3.2 million, although Okeke couldn’t disclose the final selling price. Mayweather has since listed the car for sale with Fusion, which just sold at an advertised price of $3.8 million.

 

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Obi Okeke and Mayweather

Cars have been the one major passion of Okeke’s since he was a young boy, and that has never changed. When he started in car sales, he said it wasn’t for financial reasons, it was simply to be surrounded by cars.

“Once I found out I was good at what I was doing, I really just wanted to get to the top,” Okeke said. “I didn’t know how to, but I just kept trying and trying.” he said.

 

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