Not all billionaires spend their money wisely in today’s world. When they have worked their way quite hard to reach where they are today, they may understand the value of money and spend it prudently. They who spend their money buying stupid or ridiculous things can be classified into a separate category called “dumbest way people became millionaires.”
Most Ridiculous Things Bought by Billionaires
We believe that you spend money on useless stuff when you haven’t earned it smartly. Here is a list of 10 most ridiculous things bought by billionaires. If you are a billionaire reading, try to avoid most of these purchases.
1. Ridiculous Things Bought by Billionaires: Private jet
Hassan al Bolkiah, the Sultan of Brunei, is known for living his life king-size, in theory, and practice. When you are born with a silver spoon, you really don’t worry about spending money on useless things, do you? The Sultan was in the news recently when he splurged an undisclosed sum on a private jet. What’s so special in this purchase, you may wonder.
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The Sultan wanted his private jet to be made from 100% gold. The private jet oozes luxury and money everywhere. It can be termed as a flying palace. This is probably worth many hundreds of millions of dollars. That’s one of the reasons why the amount hasn’t been disclosed in public.
2. Ridiculous Things Bought by Billionaires: Haircut
Yes, you read that right, and it’s the Sultan once again in the news! The Sultan of Brunei spends $19000 for a haircut, making it on top of the list titled,” one of the 10 useless things billionaires buy.” He cuts his hair from a London-based barber.
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So every time he needs a haircut, the Sultan flies the barber from London to Brunei, arranges for his accommodation and takes good care of him so that he stays healthy enough to give the Sultan a perfect. If you have been thinking of “what do billionaires buy with their money,” we are sure you weren’t expecting this answer.
3. Ridiculous Things Bought by Billionaires: Biggest residential property
This one is not a stupid purchase, definitely. However, it ranks on top of the list that talks about the most expensive things bought by billionaires. Antilia, the house of India’s richest man and one of the richest in the world, Mukesh Ambani, is the biggest residential property in the world.
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It costs around $2billion and has 27 floors. Currently, the Ambani family employs close to 600 staff members to take care of the house. Inside the property, there are close to 3 to 4 floors dedicated to housing the 50+ luxury car collections of the Ambanis.
4. Ridiculous Things Bought by Billionaires: Mercedes Benz
We believe that this too should feature in the list that talks about the top 10 useless things billionaires buy. It is not surprising to know that a rich man has invested in Mercedes.
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What’s hard to believe that the Saudi Prince, Alwaleed Bin Talal, spend close to $48million in a diamond-studded Mercedes Benz! Who would do that?
5. Ridiculous Things Bought by Billionaires: High-priced artwork
In what was rated as one of the most expensive things bought by billionaires a few years ago, hedge fund billionaire, Steven Cohen, didn’t hesitate to spend over $100million for a painting that he loved, twice. In one of the art exhibitions, he bought a Pablo Picasso original by paying a whopping $150million.
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That he was a true-blue art lover was evident from the fact when he didn’t hesitate to spend another $137million to buy an artwork by William De Kooning. These are the things billionaires buy for posterity to appreciate.
6. Ridiculous Things Bought by Billionaires: Fancy Furniture
How about splurging close to $36million on a piece of furniture? Sounds too ridiculous to be true, isn’t it? However, in 2004, Prince Hans Adams II of Liechtenstein, surprised many people across the globe when he spent $36million on a particular ebony piece, also known as the Badminton Cabinet.
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Why was this furniture piece so costly? It was because it was engraved with some very valuable precious stones such as agate, amethyst quartz and the like. This 18th-century piece held the record for the costliest furniture when it was valued at $16million in 1990. Prince Adams created a record of sorts when he finalized this purchase.
7. Ridiculous Things Bought by Billionaires: A newspaper
In the year 2013, one of the world’s richest men, Jeff Bezos, the founder of Amazon, decided that he wanted to take control of America’s most influential newspaper, The Washington Post. These are the things billionaires buy, the world believed.
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In a quick dealing, the controlling authority of the newspaper came to Bezos after he paid $250million in cash. A few years later, Bezos confirmed that he accepted the first number that was proposed to him and he didn’t bother negotiating the offer.
8. Ridiculous Things Bought by Billionaires: Personal Journal
The co-founder of Microsoft, Bill Gates, is known for its philanthropic acts all through the year. However, during the 1990s, Gates surprised the world when he splurged on an item that he was personally interested in. This is probably one of the weirdest answers you may get when you think of what do billionaires buy with their money.
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Being a math genius himself, Gates didn’t think twice before investing close to $30million in the personal journal of another polymath legend, Leonardo Da Vinci. The journal, known as Codex Leicester, shows da Vinci’s personal calculations based on the Sun, Moon and the Earth.
9. Ridiculous Things Bought by Billionaires: Hawaiian Island
This one is definitely one of the most ridiculously high-priced purchases made by billionaires in recent times. Larry Ellison, the founder of Oracle, is already known for owning one of the most expensive homes in the US, the Ellison Estate.
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However, in the year 2012, he spent a whopping $300million to buy the entire Hawaiian Island of Lanai. This island comprises of luxury resorts and towns with a total area of 90000 acres.
10. Ridiculous Things Bought by Billionaires: Eclipse, the Yacht
The owner of the Chelsea Football Club and Russian billionaire, Roman Abramovich crossed all limits of ridiculous spending when he splurged around $1.2billion on a private yacht and named it Eclipse.
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With over 6000 square feet of space, 11 staterooms, helipads that can hold 3 helicopters, 3-person submarine that can dive to 160 feet and luxurious suites this yacht is surely worth its price, indeed!
Conclusion:
In conclusion, while billionaires are known for their extravagant spending, the top 10 most ridiculous things bought by billionaires showcase just how far their wealth can take them. From purchasing private islands to owning entire sports teams, these purchases may seem excessive to most people. Still, they serve as a reminder of the incredible wealth disparity that exists in our world. As the divide between the rich and poor continues to grow, it is important to reflect on the impact of such extreme wealth and how it can be used to make a positive difference in society.
Frequently Asked Questions:
Why billionaires should not exist?
The argument that billionaires should not exist is based on the idea that extreme wealth inequality is socially and economically harmful. Critics argue that billionaires unfairly influence political systems and use their wealth to entrench their interests, perpetuate economic inequality, and exacerbate social problems. They also argue that the concentration of wealth in the hands of a few individuals is morally unjustifiable in a society where many struggle to make ends meet.
Is dj Khaled a billionaire?
It was not publicly known if DJ Khaled was a billionaire. While he has been successful in the music industry and amassed a significant personal fortune, estimates of his net worth have varied widely. There was no definitive evidence that he had crossed the billion-dollar threshold.
How many billionaires are Jewish?
It is difficult to determine the exact number of Jewish billionaires as religion is not a publicly available data point in most wealth surveys. However, Jews have historically been disproportionately represented among the world’s billionaires, with estimates suggesting that they make up a significant percentage of the billionaire population. This is often attributed to a combination of cultural factors, educational attainment, and historical patterns of discrimination and exclusion that led Jews to become successful entrepreneurs and business leaders.
Hello, my name is Idammah, and I am the founder of Wolfionaire.com, a personal development, and finance blog focused on motivation, success, and wealth. I am obsessed with studying the world's wealthiest individuals and learning about their path to success. I believe anyone can achieve their financial goals with the right mindset and strategies, and I hope to inspire and empower my readers to pursue their own path to success.
