A self-proclaimed teenage billionaire whose £100,000 supercar was seized by police for not being insured said he will "just learn to drive in his Rolls Royce."

Last week, Hamza Sheikh, 19, had his gold-plated Maserati GranCabrio impounded for two days after being stopped by police while driving through Kingston, Greater London.

Despite being told he could be summoned to court, facing a minimum £300 fine with six points on his driving licence, Mr Sheikh, of Mayfair, was unfazed by the incident.