Friday, October 22, 2010

When one is rich enough not to worry about returns

All of us know that buying cars must be the worst investment (if at all it can be described as such), because of the high depreciation and maintenance costs. But then if you are rich enough and do not need to know how to spend your billions, then it is a totally different story...

Everyone is familiar with the Sultan of Brunei and his love for cars.
The man is known to own a collection of 7,000 high performance cars valued at over "$5 billion".

According to the Daily Mirror, as of June 30th 2010, he owns 604 Rolls Royces, 574 Mercedes-Benzes, 452 Ferraris, 382 Bentleys, 209 BMWs, 179 Jaguars, 134 Koenigseggs, 21 Lamborghinis, 11 Aston Martins, and 1 SSC.

Wondering just where his fleets of cars reside?

Well, the Sultan parks his collection in five (5) aircraft hangars near The Empire Hotel.


Just one of his many exoticars:


If he drives just one car daily, it will take him 20 years to drive each and every one of them; lucky for him no need to pay road tax.

As a comparison, Bill Gates and Warren Buffet are known to be ready to give a substantial portion of their wealth to the people.

Among celebrities, there are those sensible and not so too, according to this Star report:

Major Chinese dailies reported that Mandopop star Leehom Wang would not spend his hard earned money on material things.

“Buying sports car ... I think it’s meaningless.

“There are many people who need our help. I work with World Vision and every year, I want to help the needy more.”

Although Wang, who is also an actor and film director, has made a fortune, he has spent his money wisely.

The artiste is currently driving a second-hand car, worth NT$60,000 (RM6,075). It was a present he gave to himself on his 33rd birthday last year.

Also, his house has only a bed, a computer and some music equipment.

To save the environment, Wang had not bought any new clothes for the last 15 years.

During the interview, he showed the pair of socks he was wearing and said it was a present from Jackie Chan.

Other superstars have a collection of cars in Hong Kong and Taiwan.

Among them, Cantopop star Aaron Kwok has 13 luxury vehicles worth over RM100mil including five Ferraris, two Lamborghinis and a Mercedes Benz SL-class.

Jay Chou’s collection included a Mercedes Benz SLR722 (about RM3.8mil) and some antiques.
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