Richard Rawlings Bought 30 Cars For $1 Million – What Will He Do Now?

#RichardRawlings #GarageRehab #GasMonkeyGarage

• Richard Rawlings' Automotive Ventures: Renowned for his passion for cars, Richard Rawlings, owner of Gas Monkey Garage and star of "Fast N’ Loud", has recently expanded his activities as a YouTube content creator. He made a significant automotive purchase in early 2023, buying a collection of classic cars for $1 million in Madison, Wisconsin.

• Sale of Personal Car Collection: In 2022, Richard sold over 20 cars from his private collection, seeking to refresh his collection with different, more exclusive models like Ferraris and Lamborghinis. Despite his emotional attachment to some vehicles, he auctioned off many cars, netting over $1 million.

• Business Losses in Car Deals: Richard has experienced both profits and losses in his car dealings. Notable losses include selling cars worth around 30% of their value in 2017 to avoid bigger financial hits and accepting lower bids for cars during his 2022 auction.

• Other Business Ventures and Challenges: Richard's endeavors outside of car dealing include Gas Monkey Bar N' Grill and Gas Monkey Live, both of which closed, and the Gas Monkey Energy drink brand, which filed for bankruptcy. Despite these setbacks, he remains determined to grow his brand.

• Post "Fast N’ Loud" Activities: Following the cancellation of "Fast N’ Loud" in 2020, Richard has focused on other projects. Gas Monkey Garage continues to thrive, now centered more on brand and online content creation, merchandise sales, and sponsoring motorsports events, alongside ongoing car customization work.

Video source: https://marriedbiography.org/richard-...