This Prince Shows You How Not To Be Successful – $14.8 Billion Down The Drain

Prince Jefri Bolkiah


I believe that being Successful does not mean spending a lot of money and buying 100 of everything for the hell of it. This guy here has it all mixed up, he was lucky enough to be born into wealth and this shows you exactly why not earning money off your own back and bone can burn you.

That is why I believe that understanding and appreciating the value of hard earned money in the first place is the best way to stay financially fit. At one point, this Prince was reportedly spending $50 million a month. The Sultan of Brunei‘s Playboy brother ‘Prince Jefri Bolkiah‘ shows you how to not be successful. Learn from his mistakes.

 

He owned a collection of 2,300 cars; mostly Bentleys, Ferraris, and Rolls-Royces

He owned a collection of 2,300 cars; mostly Bentleys, Ferraris, and Rolls-Royces

 

As well as eight private planes and a helicopter.

As well as eight private planes and a helicopter.

 

At one point he was forced to surrender five diamonds, worth $200 million, to the Brunei Investment Agency

At one point he was forced to surrender five diamonds, worth $200 million, to the Brunei Investment Agency

 

He paid $1.3 million for erotic fountain pens and $10 million for eight jewel-encrusted watches that depicted couples having sex

He paid $1.3 million for erotic fountain pens and $10 million for eight jewel-encrusted watches that depicted couples having sex

 

He gave one of his consorts a necklace that she later auctioned off for $100,000 at Christie’s

He gave one of his consorts a necklace that she later auctioned off for $100,000 at Christie's

 

He commissioned the artist J. Seward Johnson to create $800,000 sexually explicit statue, purportedly of himself and his ex-fiancée

He commissioned the artist J. Seward Johnson to create $800,000 sexually explicit statue, purportedly of himself and his ex-fiancée

 

His fleet of five boats included a yacht named Tits; its tenders were named Nipple 1 and Nipple 2

His fleet of five boats included a yacht named Tits; its tenders were named Nipple 1 and Nipple 2

 

He owned a collection of five-star hotels including the New York Palace and Hotel Bel-Air in Los Angeles

He owned a collection of five-star hotels including the New York Palace and Hotel Bel-Air in Los Angeles

 

He purchased Asprey, the London jeweler to the Queen, for $385 million

He purchased Asprey, the London jeweler to the Queen, for $385 million

 

He paid $17 million for Michael Jackson to perform at his 50th birthday, at a stadium custom-built for the event

He paid $17 million for Michael Jackson to perform at his 50th birthday, at a stadium custom-built for the event

 

He bought a $7 million rug woven of gold thread and embroidered with jewels

He bought a $7 million rug woven of gold thread and embroidered with jewels

 

He bought the former Playboy Club in London for $34 million, more than four times the market price

He bought the former Playboy Club in London for $34 million, more than four times the market price

 

He once paid $1.5 million for a badminton coach

He once paid $1.5 million for a badminton coach

 

He once imported Joe Montana and Herschel Walker to teach his son football at a cost of seven figures each

He once imported Joe Montana and Herschel Walker to teach his son football at a cost of seven figures each

 

Source: Vanity Fair
Joel Brown is the CEO and Founder of Addicted2Success.com. With a long time passion for Entrepreneurship, Self development & Success, Joel started his website with the intention of educating and inspiring likeminded people all over the world to always strive for success no matter what their circumstances. Follow Joel Brown on Twitter or keep upto date with him on Facebook:Facebook.com/JoelBrownA2S

16 Comments

  1. David

    October 16, 2013 at 12:23 pm

    Where is the mistake, exactly? Sounds like the guy spent money how he wanted to. If that led to his utter financial devastation and ultimately his death, you might want to mention that in the article.

  2. Wally

    October 16, 2013 at 11:29 am

    I’m sure he named the boat TIts after he bought it.

  3. responder

    October 16, 2013 at 8:25 am

    ………and all he ever wanted was to be loved.

  4. Mine

    October 16, 2013 at 7:54 am

    This guy is awesome! It’s his to spend however the hell he pleases – this keeps the money circulating and EMPLOYS people in various industries. Better he spends it than it sits in an arab bank vault. Open your narrow minds.

  5. ymcmb

    September 15, 2013 at 8:18 pm

    This is how you should live if you are a billionaire, what good would all that money do him if he had just sat on it like most of the old crusty rich men this world sorely has to contain.

    He probably created more jobs and fed a lot of mouths by being such a spender.

    • ebrbr

      October 15, 2013 at 1:36 am

      It could have been used for further investment, and since he has so much wealth he has more potential to innovate, since he doesn’t NEED to necessarily succeed, given the large amount of cash he has as backup. He could have spent it on philanthropy and charity, giving it to people who need it, not to people who make million dollar rugs. He could have blown all that money on a hobby and gotten really good at something. Imagine how great a musician you could become if you have the money to hire michael jackson as your coach. imagine what architectural wonders he could have made instead of buying a boat named “TITS”.

      • Lee

        October 16, 2013 at 8:59 pm

        Absolutely spot on there, ebrbr.

    • Gene WasHere

      October 16, 2013 at 10:02 am

      What? He didn’t create the right jobs. He fed the mouths of who? Lamborghini car dealers, pro sports figures and jewelers? That’s not how capitalism works. That’s not how the trickle down effect works. He kept the rich richer. Go back and look at where he WASTED money that could of been spent wiser.

    • ck

      October 16, 2013 at 3:53 pm

      exactly know actually stimulate the economy

  6. Alex

    September 15, 2013 at 8:12 pm

    I don’t understand how this article or it’s critique of the prince “shows you exactly why not earning money off your own back and bone can burn you.”

    Where was the burn?

  7. Trey Reeves (@saltytrey)

    September 15, 2013 at 7:35 pm

    It’s shameful to do nothing with your life.

    • Max

      October 16, 2013 at 7:28 am

      Its also shameful to judge others.

  8. henri nyakarundi

    August 23, 2013 at 2:54 pm

    he still got some money tho, his brother is amoung the richest man in the world

  9. Juan

    April 14, 2013 at 10:53 pm

    Woow seriously he’s not a smart investor!!! So much money in the wrong hands

    • chris

      September 15, 2013 at 6:01 pm

      Honestly he’s investing money in the most important place, other people who will spend it better.

  10. shane a$$

    September 10, 2011 at 5:16 pm

    Ah mann this guy is a waster, too bad too sad for this prince.

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