Very large tyres give immense grip in the dry. In heavy rain they struggle to clear water and are far more likely to aquaplane than thinner profile tyres. But Mr Ferrari must have thought he was invincible. Very expensive lesson.
There is a very good saying when referring to high performance cars.” Just because you can afford it does not mean you can drive it” Having been in the motor trade for too many years this is not the first example of such accidents and it definitely will not be the last !
Just because you can drive does not make you a driver.