Cristiano Ronaldo's recent contract extension with Real Madrid essentially turned the soccer superstar into one of the most handsomely paid athletes in the world (he's reportedly set to earn 17 million euros a year, which is around $23 million based on current exchange rates). So, with all that money at his disposal, nobody was surprised to find out that Ronaldo is spending his money wisely.

That is, if you can describe buying a Ferrari LaFerrari->ke4626 as a "wise" decision.

Ronaldo has long been known as a supercar->ke177 aficionado, often riding around Madrid with the latest exotic to hit the market. His luck with those rides are a different discussion -- he's had problems with the Ferrari 599 GTB and the Lamborghini Aventador in the past -- but nobody can deny his taste for exotics.

As one of the 499 customers on the waiting list for the limited-edition LaFerrari, Ronaldo is poised to score one of the fastest and most powerful cars on the planet. It's going to cost him $1.3 million, but given that he can earn that amount by the end of the year, it sure won't be a problem for the Galactico striker to shell out that much money without ruining his gelled-up hair.

Click past the jump to read more about the 2014 Ferrari LaFerrari

2014 Ferrari LaFerrari

The new LaFerrari supercar made its world debut at the 2013 Geneva Motor Show->ke228. It is powered by a 6.3-liter, V-12 engine combined with two electric motors — one motor powers the driven wheels and the second drives the ancillaries. This system delivers a total of 963 horsepower — 800 by the V-12 engine and 163 from the electric motors — and peak torque in excess of 663 pound-feet.

The LaFerrari can sprint from 0 to 60 mph in less than 3 seconds and up to a top speed of more than 217 mph.