If you’re a billionaire and you destroy your Ferrari Enzo on a road-rally, do you just throw in the towel? Not in this case…

In 2006 billionaire Richard Losee had what most of us would call a ‘bad day’. He entered his $750,000 650bhp V12 Ferrari Enzo in a local road rally, and set off on what was supposed to be a weekend of fun racing on closed roads.

But unfortunately he ended up rolling his Enzo in the dirt many times, destroying it to the point where it couldn’t be used as a road car again. For most, that would generally be the end of it. But not Richard Losee.

He kept the destroyed car, and after a donation of a new body by the creator of the Ferrari P4/5 James Glickenhaus, he set about rebuilding his car. Though he had a different task in mind - raw speed. His eyes were set on the salt flat racers, and he wanted blood.

With its 650bhp V12 the Enzo was never really slow, but this one has now had two turbos attached, and is rumoured to be putting out 1000bhp. After some aerodynamic and fluid dynamic testing on computers, they decided that the nose of the Enzo becomes unstable above 225mph. So a new nosecone was created out of carbon fibre, to make sure they are stable when getting close to their intended target of 300mph.

It’s unlikely they’ll make it to the big 300 though. Estimates put it at 270mph, which is well above the standard cars 226mph top speed.

Below is a video of the car setting off on it’s first test run. We think it sounds fantastic, and will certainly make a change from the stock V8 sound you hear on the salt flats.

What do you think? Will it make the big 300mph? Leave a comment below and tell us what you’re thinking…