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Ten Ridiculous Purchases from Prominent Billionaires

LifeStyle, World Money
Ten Ridiculous Purchases from Prominent Billionaires

That’s the problem with money. Have it or not, you’re bound to face a dilemma. Lack it and you’d be constantly looking for ways to put food on the table. Have too much of it and this is what you get – constantly looking for ways how to spend it, wisely or not, because you happen to have too much it could even outlive you.

While a lot would say, “the best things in life are free” or “money can’t buy happiness” in their case, it is. They are, in fact, magnanimously rich. And there’s no stopping their spending. Here are ten ridiculous purchases made by billionairs.

10. $330K On White Truffles

Casino mogul Stanley Ho spent his money not once, but twice on white truffles. The first time was in 2007 and the second at a charity auction in 2010. When you just happen to be the “King of Gambling” and one of the richest men in Hong Kong, you wouldn’t be bothered about shelling that insane amount out for some luxurious truffles.

9. Million Dollar Trust Fund for a Pet

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This would really incite trouble to other beneficiaries on the list, if one is favored over others to receive a greater fraction of an inheritance. Not to mention that the beneficiary is none other than a dog! Apparently, hotel heiress Leona Helmsley earned the title, “Queen of Mean” upon her demise when she cut her grandchildren off their inheritance in favor of Trouble, the maltese. Now that’s one wickedly lucky pup and could perhaps be the reason “dognapping” became a word. Death and “dognap” threats surrounded the life of this pooch but never prevailed. With a guard on duty round-the-clock and chauffeured in a stretch limo, there wasn’t any chance. Trouble may not have enjoyed the $12 million (knocked by the judge down to $2 million) as he died in 2011, but that trust fund has since been reverted to support charities.

8. An “Out of This World” Experience

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British billionaire Richard Branson had this concept of giving people that once-in-a-lifetime experience to witness what goes on “out there” for U.S. $200,000. Perhaps the Star Trek fan boy in him just didn’t give up. He had to continue the legacy of being a space fan by coming up with the “Virgin Galactic,” the only space tourism company that ventures into the nearly unknown. It’s really not that hard to think of a business that would stand above the rest, so to speak, if you’ve got the means to get your wheels rolling. Word has it that this has sparked the interest of the so-called “stars” and they’re willing to splurge on the experience of being weightless. Names like Justin Bieber, Ashton Kutcher, Katy Perry, Leonardo DiCaprio, Angelina Jolie and Brad Pitt are part of that list who are bringing their stardom to the next level. Perhaps their “Hollywood orbit” is not much of a launchpad any longer.

7. Palaces and Castles

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In these modern times, we consider spas and beach houses as sanctuaries that could transport us to tranquility for a few days. King Ludwig II of Bavaria had the propensity for castles – as a private haven. He had a thing for architecture, commissioning two palaces and a castle, the most famous being the Neuschwanstein Castle, during his reign in the 1800’s. The “New Swan Stone Castle” is a renowned landmark and served as an inspiration for Walt Disney castles in their fairy tales and Disneyland.

6. Choosing To Be “Homeless”

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Perhaps the irony of all lavish spending, investor and philanthropist Nicolas Berggruen’s “homeless” status doesn’t translate to the sidewalks, filthy corners and just living on empty cardboard boxes and leftovers. His “homelessness” means he just prefers to live in hotels all his life, never having to worry about mortgages, bills and burglars that would try to get past across a dozen security men. Perhaps he couldn’t find that exact spot to squeeze in a piece of property in his $2 billion net worth.

5. Buying Homes Like Candy

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As Berrgruen takes the “homeless” pole, here comes Larry Ellison on the other side, having to juggle in his mind where he should be sleeping every night, with eight mansions to choose from. It also does not stop at homes. This CEO of software giant, Oracle, has other properties to his name. Part of his $43 billion net worth is his biggest home in Woodside, California, which is estimated at a whopping $110 million. Yes, one house for more than a hundred million dollars.

4. The Largest Yacht in the World

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When you’ve got more to spend, like 700M British pounds, you can end up owning the largest and most expensive yacht in the world. That’s what Russian business mogul Roman Abramovich has done. When you own an investment company and a football club known to many as Chelsea, you really can afford such luxury. His spare change is for his other toys like luxury cars, private jets, helicopters, other yachts apart from the behemoth Eclipse, and fine art. Oh, if you think a yacht is not too eccentric a choice, he has an island, by the way – money to spare for 18 acres of earth.

3. A Mausoleum

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A lot of us are only aware of the Indian magnificence that is the Taj Mahal as a picturesque landmark. Well, it was commissioned by the emperor Shah Jahan for his late wife, but let us get the facts straight. Indeed, it was for Mumtaz Mahal, the emperor’s third wife, however, it is actually a tomb that took 22 years to finish and cost 32M Rupees (at the time it was built).

2. A Boeing 747 in Gold Plating.

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We are aware of how good gold is in the Mid-East section of the map, which is why the Sultan of Brunei, Hassanal Bolkiah, adheres to it a little too much. Truly one of the richest royals that the planet has ever had, he flies his own gold-plated aircraft replete with gold-plated furniture and solid gold wash basins. Other items in his collection are a few smaller planes, choppers, mosques with dashes of diamonds and gold, a palace with nearly 2,000 rooms and, reportedly, 7,000 luxury cars.

1. That One Practical Choice: Buy a City

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When you end up buying property in the Las Vegas strip, you practically become its owner. So Howard Hughes got the money to buy an entire city. Deemed to have been one of the wealthiest people in the world, Hughes was an aviator and aerospace engineer, a filmmaker, business tycoon, and philanthropist. Spending the last ten years of his life jumping from one hotel to another, he finally settled for the Desert Inn and made it his home by buying it. Not satisfied by this purchase, he went on a shopping spree, buying casinos and practically owning Las Vegas.

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