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A millionaire property developer was killed when the £500,000 Italian supercar he was driving careered off the road and ploughed into a fence.

William Baranos, who was in his 50s, is believed to have been driving at high speed in a 30mph zone when he lost control of the Pagani Zonda.

The front end of the car was torn off when it hit a metal fence running along the perimeter of a building supplies depot.

His body was found 10ft away, after the car’s doors were ripped off. He was not thought to have been wearing a seat belt. A passenger in his 20s, believed to be a friend of the family, walked away from the wreckage, on a main road in Watford, with minor injuries.

Residents described hearing revving, followed by a screech then a ‘massive bang’ when the accident happened at around 6pm on Sunday.

The fence remained flat on the ground yesterday with fragments of the car’s bodywork scattered around.
The 7.3-litre engine car was one of just a few hundred made between 1999 and 2011 by Italian firm Pagani in Modena, and was capable of more than 200mph. Some models sell for up to £1.3million.

Mr Baranos’s Serbian-born wife Mirjana, 36, was under sedation yesterday at their opulent home in a converted mansion in the nearby upmarket village of Aldenham.