5 people are fighting for their lives whilst 21 others have been injured following the incident.
The Millionaire was driving the £780,000 Porsche when it clipped grass,spun out of control and smashed into race fans at the event.
A six year old is among the five people in critical condition. Eye witnesses said the car was driving at high speed along an unused airport taxiway in the Hal Farrug district.
Paul has previously boasted of his collection of 30 expensive cars including a £866,000 Mclaren P1 and a £1.2 million customised ferrari.
Oh well,he can afford to pay plenty compensation then!! Hope for his sake everyone survives without life injuries.
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