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This Prince Shows You How Not To Be Successful – $14.8 Billion Down The Drain
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
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
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 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
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 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 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 imported Joe Montana and Herschel Walker to teach his son football at a cost of seven figures each
Source: Vanity Fair