Uruguay's President Jose Mujica says he has been offered $1m (£630,000) for his vintage Volkswagen Beetle, reports GHN based on BBC.
Mr Mujica, once dubbed "the poorest president in the world" because of his modest lifestyle, said the offer had come from an Arab sheikh.
He told the weekly Busqueda magazine that if he did accept the offer, the money would be used to help the poor.
President Mujica - popularly known as Pepe - lives on a ramshackle farm and gives away most of his pay.
In 2010, his annual personal wealth declaration - mandatory for officials in Uruguay - was $1,800, the value of his blue 1987 Beetle.
Busqueda reported that the offer for the car was made at an international summit earlier this year in Santa Cruz, Bolivia.
"They made me an offer," Mr Mujica, 79, told the magazine.
"I was a bit surprised, and at first I really didn't pay too much attention to it. But later, another offer came in, and I began to take it a little more seriously."