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Ridiculous things billionaires spend money on

Ridiculous Things Billionaires Spend Money On

profileMing Feng

Ever wondered how many billionaires are there in total around the world?

According to the Forbes list of the world’s billionaires compiled in the year 2019, there is a total of 2,153 billionaires in the world.

Source: giphy

These 2,153 individuals have a total net wealth of US$8.7 trillion (S$12.63 trillion). The total amount of global wealth in the year 2019? US$360 trillion (S$522.54 trillion), according to the Global Wealth Report by Credit Suisse Research Institute.

To put things into perspective:

 Total PopulationTotal Wealth
World Population7.7 BillionS$522.54 trillion
Total Number of Billionaires2,153S$12.63 trillion

Billionaires account for 2.4% of the world’s total wealth despite being only 0.00003% of the world’s total population.

What Does It Mean to Be a Billionaire?

If you are wondering how much is a billion, one billion is a thousand million.

A billionaire is a person with a net worth of at least one billion, usually measured in major currencies such as the United States dollar.

Source: Living Nomads

” Just chilling with my bottles once a week.”

I once randomly did a calculation of a billionaire heading to a club like CÉ LA VI to purchase their most premium package at $1,488 once a week, he can do so for about 12,924 years!

But well, 12,924 years of weekly party experience is not the most ridiculous thing that billionaire buys when you compare it to the list we are going to present you with.

Ridiculous Things Billionaires Spend Their Money On

S$43,979 on a Haircut

Source: LUXUO

Imagine spending more than half a year’s salary on a haircut.

Back in the year 2009, Haji Hassanal Bolkiah, the Sultan of Brunei had a £15,000 (S$25,358) haircut. As the haircut was during the period of time where swine flu was widely spread, he spent S$18,621 for a private luxury cabin to fly his barber down. This is to ensure that his barber does not mix with other passengers.

The total cost involved for that one haircut? S$43,979.

S$20.23 Million on a 24-Carat-Gold-Plated Rolls-Royce

Source: thethings.com

Still on Hassanal Bolkiah, of his collection of 7,000 cars, he owns a 24-Carat Gold-Plated Rolls-Royce which is estimated to cost US$14 million (S$20.23 million). The Rolls-Royce was used on his wedding day.

The Antilia, a S$2.89 Billion Private Home

Source: Indiatimes

Antilia is a 27-storey skyscraper located in Mumbai. The construction took seven years and cost US$2 Billion (S$2.89 Billion) in total.

The building requires a staff of 600 to maintain and it includes a private movie theatre, swimming pool, fitness centre and three helipads. It is one of the world’s most extravagant house, and it houses the family members of Mukesh Ambani, the richest man in India.

If you are keen on the floorplan of the Antilia.

Source: Indiatoday

S$650.30 Million on a Yacht, the Eclipse Yacht

Source: superyachttimes.com

Roman Abramovich bought Chelsea Football Club owner for £140 million (S$239.98 million) in the year 2003.

The price he paid for, for the entire football club is only a fraction of what he paid for his Yacht. The Eclipse Yacht costs close to S$650.30 million, and it is the second-largest private yacht in the world.

S$43.33 Million on a Journal

Source: businessinsider

Spending millions on someone’s journal seems absurd until we realised the owner of the journal.

Bill Gates paid S$43.33 million on Leonardo da Vinci’s journal. Now we wonder if Bill Gates got some of his ideas from reading the journal.

S$11.55 Million on a 14-Foot Shark

Source: independent.co.uk

Steven A. Cohen is an American billionaire hedge fund manager. As an avid art collector, one of his extravagant purchase is the Damien Hirst’s Shark which is a 14-foot tiger shark preserved in formaldehyde in a vitrine.

S$8.51 Million on Cosmetic Surgeries

Source: mirror.co.uk

After walking away with a £2 billion (S$3.4 billion) divorce settlement, American socialite, Jocelyn Wildenstein spent millions on cosmetic surgeries.

Her extensive cosmetic surgeries to her face end up backfiring on her, as she earned herself nicknames such as Catwoman, The Bride of Wildenstein, etc. What has she done?

S$433.58 Million on Hawaii Island of Lanai

Source: cnbc

Larry Ellison, the founder of Oracle, spent US$300 million (S$433.58 million) to buy the entire Hawaiian Island of Lanai. The 90,000 acres island comprises of resorts and towns.

About Ming Feng
A stint in Bloomberg gifted me with a beer belly, which only grew larger when I moved on to become a Professional Trader. Now I turn caffeine into digestible finance-related content.
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