Multi-millionaire Paul Bailey was behind wheel of Porsche supercar that veered into spectators at Paqpaqli charity event

A British tycoon and owner of the £3 million-worth ‘Holy Trinity’ of hypercars was the driver behind the wheel of the €800,000 Prosche 918 Spyder that crashed into spectators at a charity motor show at MIA, injuring 26.

Businessman Paul Bailey owns a McLaren P1 and a LaFerrari as well.

The 55-year-old father of four made his £28 million fortune when he sold the phone-conferencing firm he founded, in 2012.

Bailey was said to own some 30 supercars.

[WATCH] PORSCHE SUPERCAR LOSES CONTROL, 26 SPECTATORS INJURED AT PAQPAQLI SHOW

“I live a very surreal life and being the first to own all three does not feel real. This is why I want to use and share the cars with enthusiasts. It is too early to say which is the best as they are all totally amazing. I will be able to better comment when I have driven them back to back on the race track,” Bailey had told The Daily Mail of his most recent purchase.

Bailey has raised thousands for charity by raffling off £1 tickets for people to win a go in his McLaren P1.

Adam Thorby, founder of Supercar Driver, was reported in The Daily Telegraph saying that Bailey had raised around £20,000 for charity since he got his P1 by raffling off rides.

The Porsche 918 Spyder is a mid-engined plug-in hybrid sports car, powered by a naturally-aspirated 4.6 litre V8 engine, developing 608 horsepower with two electric motors delivering an additional 279 horsepower for a combined output of 887 horsepower.

The car has a top speed of around 340 km/h (210 mph).

The car was participating as one of the four ‘hypercars’ (Ferrari, Koenigsegg CCR, McLaren P1, and Porsche 918) being showcased for the 10th anniversary edition of Paqpaqli Għall-Istrina, a charity event for the annual Christmas telethon for the Malta Community Chest Fund.

The 918 Spyder is a limited edition sports car, with 918 units manufactured and sold as a 2014 model year. The starting price was US$847,000.

The 918 Spyder was first shown as a concept at the 80th Geneva Motor Show in March 2010.