Why a multi-millionaire was fined $129,000 for a single speeding offence

Being a millionaire doesn’t help you avoid speeding in one Nordic country.

The offence have a range of consequences, from speeding tickets to vehicular damage and worse.

One particular offender received a $129,000 fine for a single offence.

But the reasoning behind the fine might actually make sense to you.

DISCOVER SBX CARS – Bid now on supercar auctions powered by Supercar Blondie

Finland uses proportional fining system

Our story today comes from the Nordic country of Finland.

Finland is famous around the world for any number of things.

In particular, the Nordic region is renowned for its prowess on four wheels.

Hannu Mikkola, Kimi Raikkonen and Tommi Makinen all come from that nation.

That being said, Finland is slightly less known for another four-wheeled reason.

Like every other nation on Earth, Finland takes speeding very seriously.

Unlike other nations, Finland calculates speeding fines based on a person’s income.

This method takes into account an individual’s monthly income after taxes.

It is then multiplied by a set number of days depending on the severity of the offence.

Finland’s government does this in order to ensure fairness regardless of financial status.

Finnish millionaire fined six figures for speeding

Back in June 2023, a Finnish millionaire fell victim to the Finnish justice system.

Anders Wiklof was found guilty of driving at 51mph in a 31mph zone.

The millionaire businessman immediately admitted his fault in the offence.

He claimed that he had started slowing down, but didn’t decelerate quickly enough.

And trust us – the Finnish justice system more than agreed with the crime committed.

After using the ‘day-fine’ system, the government calculated a tremendous fine.

It totalled out to over $121,000 – due to Wiklof’s millionaire status.

The fine seems like an extreme amount of money – but hear us out.

Remember when we told you the formula of how speeding fines are calculated?

Wiklof was found to be driving at 20mph over the speed limit that day.

Take into account his (likely) sizeable income every month as well as the severity of the speeding.

And, all of a sudden, the fine starts to make much more sense from the outside.

It’s certainly an extremely unique system – but Finland’s speeding system seems to work.The post Why a multi-millionaire was fined $129,000 for a single speeding offence appeared first on Supercar Blondie.