Kyle Lowry’s New Ferrari Only Cost Him $2,100 In Regular People Dollars

OK, it cost $1M but that barely makes a dent in his gigantic salary!
Kyle Lowry’s New Ferrari Only Cost Him $2,100 In Regular People Dollars
kyle_lowry7 | Instagram raptors | Instagram
Contributor

It's hard to put wealth into perspective. What does a $30 million salary really look like? For Kyle Lowry, it means a new Ferrari delivered to his doorstep.

Lowry treated himself today to a brand new Ferrari 812 GTS, flexing it on his Instagram story for the world to see. 

According to Forbes, Lowry is expected to earn a total of $30 million in 2020. 

So, let's do some math.

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The absolute starting point of a Ferrari 812 GTS sits at about CA$486,000, according to Business Insider. That's before taxes, fees, and any upgrades.

So, after taxes, fees, and upgrades, Lowry's new whip would come to approximately CA$1,000,000, give or take.

If he makes $30,000,000 a year, a $1,000,000 bill would only cost him 3.33% of his yearly salary.

According to Payscale, the average Torontonian makes $64,000 a year. 

That means that 3.33% of your yearly income is $2,131.

So, Kyle Lowry buying a Ferrari 812 GTS for $1,000,000 is the equivalent of the average Torontonian buying a $2,131 car. 

Although, $2,000 doesn't hold a candle to the $100,000 Raptors fans were paying to see Lowry play in the 2019 Finals, so maybe Torontonians actually love big purchases.

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  • Abby Neufeld
    Abby Neufeld was a writer at Narcity Canada. She received her Bachelor of Arts in English and Professional Communications at the University of Victoria. Her past work has been published in The Toronto Star, Bitch Media, Canadian Dimension, This Magazine, and more. In 2019, Abby co-founded The New Twenties, an environmentally-focused literary and arts magazine.

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