List Of Top 10 Cars Driven By Millionaires: Dave Ramsey, a bestselling author and personal finance expert, has published a list of the top 10 cars driven by millionaires. We are confident that some of these vehicles will astonish you. The following is a list of the vehicles that the ultra-rich appreciate operating.
Dave Ramsey on Millionaires and their Choice of Cars:
The United States is home to a staggering 24,480 millionaires, as evidenced by the World Population Review data. There is surely no shortage of millionaires in the country. This represents approximately 10% of the global population, and the vehicles that these affluent individuals operate may astound you. Toyota, a Japanese automobile manufacturer, is the preferred automobile of millionaires, as per Ramsey. This may come as a surprise to some, as the consensus is that millionaires are known to operate sports vehicles such as Ferraris. However, the finance expert stated in a Facebook post that “Most millionaires don’t drive flashy cars” that “69% of millionaires did not average $100,000 or more in household income per year (get this)” and that “one-third of millionaires never had a six-figure household income in their entire careers.”
Another study that Yahoo Finance shared from an Experian Automotive study cited by the Financial Times revealed that “61% of individuals who earn more than $250,000 are more likely to be driving Hondas, Fords, and Toyotas.” In 1957, Toyota Motor Sales, U.S.A., Inc., a subsidiary of the Japanese Motor Company, established a presence in the United States. Toyota has since established itself as a dependable manufacturer by offering a diverse selection of vehicles that cater to all budgets. This year, the average cost of a Toyota increased to $38,198, as per data from Cox Automotive. In 2024, the Toyota Corolla, the Toyota Camry, and the Toyota RAV4 are among the most popular Toyota models in the United States. The Toyota Corolla is a classic model that is available in a premium GR version that increases horsepower. The Toyota RAV4 is the monarch of SUVs.
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Doubt this? Toyota vehicles have been observed to be operated by billionaires such as Sergey Brin and Larry Page. Brin and Page, for instance, operated the Prius, which was priced at $39,920.
According to Ramsey, Honda is the subsequent most frequently driven automobile brand among millionaires in the United States. Honda is an additional Japanese automobile manufacturer that is significantly renowned. In addition to Toyota, Honda is another prominent option for millionaires and billionaires. Jeff Bezos, the founder of Amazon, has been observed operating the Honda Accord, which is priced at $16,995.
Ford, an All-American automobile manufacturer valued by numerous Americans, including millionaires, is the third vehicle on Ramsey’s list. For instance, Yahoo Finance disclosed data from MaritzCX that established the Ford F-150 pickup truck as the most preferred vehicle among “Americans earning more than $200,000 annually.” According to Motor1, the Ford F-series was the most popular vehicle in the U.S. market last year, with more than 750,000 units sold.
Ramsey’s next brand is Lexus, a Japanese automaker that makes affordable and reliable cars in the US. This automaker is famous for its wide range of affordable models starting at $35,000 to premiums above $90,000.
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Subaru, a Japanese automobile manufacturer, followed by BMW, a prestige automobile manufacturer, after Lexus. Ramsey incorporated Acura, Honda’s performance and prestige division, following BMW. Mark Zuckerberg, the founder of Facebook, has been observed operating an Acura TSX that commences at $30,635.
Ramsey ranks Hyundai as the eighth most popular choice of car among millionaires, following Acura. Lincoln, an American motor corporation, occupies the ninth position. Buick is the final item on the list. CNN reports that Buick sales have increased by over 60% this year in comparison to 2022, following a period of stagnation in 2023.
Ramsey’s assertion that “Most millionaires don’t drive flashy cars” is confirmed by this list.
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