The extravagant hobbies of rich kids

Driving a gold-plated supercar, being naked in front of the US president, or injecting hormones to become immortal are all pastimes of many rich kids to show off their wealth.

According to the annual report of the financial consulting group Boston Consulting Group on global private assets released on June 7, the number of people considered USD millionaires and belonging to the wealthy class accounts for only 1% of the world's population.

Yet their combined wealth accounts for nearly half of the world's private wealth, and that share is growing. While many spend their money on socially beneficial causes, many burn it on extravagant pursuits.

Unique pastimes

In 2013, a young man named Lavish, who looked like a Middle Eastern man, showed off his wealth in many different ways on Instagram. Sometimes he would ride around in a limousine, sometimes he would tie $4,000 to balloons and release them into the sky, or he would buy dozens of iPhones just to smash them when he got angry.

Turki Bin Abdullah's fleet of gold-plated supercars. Photo: ITV News.

Like Lavish, Turki Bin Abdullah, a Saudi prince known for his lavish lifestyle, also regularly flaunts his wealth on his Instagram account. Turki owns a fleet of gold-plated supercars and flies them around the world, despite the high cost.

According to the Daily Mail, the Arab prince has to pay thousands of pounds each year to transport supercars to Europe. In addition to owning a fleet of luxury cars, Turki also raises leopards as pets and owns a private jet.

Meanwhile, Hamad Bin Hamdan Al Nahyan, who boasts a fortune second only to the Saudi king, is famous for spending millions of dollars to buy an island and carving his name so large it can be seen from space.

The letter H to the letter D stretches over 3km and each letter is over 500m long and 1,000m high. The starting point of the letter “H” even touches the strait leading to the Arabian Gulf, causing the first two letters of the name to be submerged at high tide, but not lost.

In addition, the Middle Eastern billionaire had to hire a large number of workers to dig the water trenches and this special project also took many months to complete. Besides, he also likes to create super-sized things, such as the world's largest truck - 8 times the size of a Dodge Power Wagon, with 4 bedrooms in the cabin.

In addition to his love of showing off his wealth, Hamad is also known as a generous philanthropist.

Western billionaires play extravagantly

Not wanting to be outdone by the Middle Eastern tycoons, on social networking sites, young man Aleem Iqbal, from Solihull town (UK), always makes many people admire his fleet of supercars, including Rolls-Royce, Lamborghini, Ferrari and Bentley.

Calling himself "Lord Aleem", the young man from Solihull always tries to show off his wealth and luxury. He often lines up his keys and captions like "Lambo, Lambo, Lambo and a Rarri".

Meanwhile, Alki David, a Greek billionaire, entertained the idea of ​​offering a $1 million cash reward to anyone who dared to strip naked in front of US President Barack Obama in 2010. However, no one received the prize that year.

A member of the wealthy Leventis family, in 2008 he became a major shareholder of Leventis Favid Group, which owns Coca Cola Hellenic – bottling plants in 28 countries. In addition, David is involved in companies such as Internet television provider FilmOn and home shopping website 9021go.com.

Millionaire Sott Alexander is known as the most extravagant man in Britain with his money-burning hobbies. According to the Daily Mail, Alexander's teeth are covered with the most fashionable and finest Japanese porcelain, worth about 55,000 pounds.

He also has a penchant for buying entire collections rather than picking just a few pieces. Alexander spends around £300,000 a year on Dolce & Gabbana clothes. He has appeared on the ITV documentary Britain's Biggest Shoppers.

Alexander also bought a town in Bulgaria and named it after himself. Most notably, this man spends around £100,000 a year on daily hormone injections to achieve immortality.

China's Rich Second Generation - 'Money is everything'

China's fuerdai, or "second generation of rich people," include the children of big business owners or government officials. In some ways, the fuerdai are the "product" of people who have become rich in parallel with China's 30 years of economic development.

Dorothy Wang, a wealthy young lady of Chinese-American descent studying at the University of Southern California, said that on one shopping and partying trip in Beverly Hill, she can spend up to 50,000 - 60,000 USD.

In addition, the young woman often flies to Los Angeles to "experience" gambling at casinos. With the belief that "playing small will bring bad luck", Wang "burned" up to 300,000 USD in just 2 days to satisfy her pleasure.

She claims to be living a "happily unemployed life" and is preparing to inherit her family's billion-dollar fortune. "Yes, my parents are rich. I can travel wherever I want, buy whatever I want," Wang proudly said.

In 2015, Wang Sicong wore two Apple Watches on his dog Wang Keke's legs, took a photo, and posted it on Weibo with the caption: "Hehe, I have a new watch. I should have worn four to cover all four legs, but that would be too flashy. I'll just wear two! Can you do the same?" Photo: Weibo

The most famous person among China's "second generation of rich people" is Wang Sicong, the only son of Wang Jianlin - known as "the richest tycoon among Chinese tycoons".

Instead of mentioning the qualities of a businessman even though he is holding the position of director in Wanda Group, people only remember the lavish lifestyle and arrogance of the young master of the Vuong family.

During his time studying in London, England, Wang Sicong was famous for his extravagance. After returning home, his extravagant lifestyle increased. On his 27th birthday, Prince Wang spent money to rent out the entire beach in Sanya, Hainan Island, to hold a grand party and set off fireworks to celebrate his birthday.

He also generously gave each person who attended the party expensive gifts such as phones or laptops. Afterwards, Vuong Tu Thong posted a photo on his personal page to show off that he had invited the Korean girl group T-ara to sing for his birthday with the caption: "Having money means having everything."

Previously, Prince Vuong also spent 1.5 million USD to invite the Japanese girl group AKB48 to China just to wear the uniform he designed and take pictures with them.

Not stopping there, Vuong Tu Thong also uses pets to show off his wealth. He raised a pet dog and named it Vuong Kha Kha. On the Weibo page he created for it, Vuong Tu Thong once posted a photo of Kha Kha wearing 2 Apple Watches on his feet.

Below the photo is the caption: “Hehe, I have a new watch. I should have worn 4 to cover all 4 legs, but that would be too flashy. I’ll just wear 2! Do you guys feel the same way?”

In addition, this dog often appears with BV or Hermes necklaces, pink Fendi handbags and only drinks FIJI water - an imported natural mineral water.

Wang Sicong's actions have often been criticized. Even Yahoo Finance called them "childish."

According to Zing