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Money Stupidly Wasted?

Most everyone has fantasized about being rich, but few ever find out how they'd spend the money. Priorities can get a little skewed, it turns out, leading some celebrities and tycoons to make purchases that seem unjustifiable from a more middle-class perspective. (Others remain steadfastly cheap, it should be said.) The most bafflingly expensive celebrity purchases are at once infuriating for their unchecked opulence and oddly comforting, reminding us that even the richest among us still don't know what they want. The latest head-scratcher? One comedians six-figure party for his beloved canine.


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A $100,000 Dog Party – Gabriel Iglesias

It's not unusual for dog owners to spend lavishly on their pets, but a $100,000 quinceanera-style celebration takes the (birthday) cake. But that's how much comedian Gabriel Iglesias spent to give his 4-pound chihuahua, Risa, the party of her lifetime, according to Today.com. Quinceaneras are a traditional right of passage for many Latina girls when they turn 15. Risa, who is “between 16 and 17,” was past due. “Party of the year all for my little princess,” Iglesias wrote on Instagram. “Risa has given me so many years of happiness. I just wanted to celebrate her. I even wore pants.”


RelatedWays People Waste Money on Pets

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A 20,000 Gallon Shark Tank – Tracy Morgan

Though Tracy Morgan played a wacky star on "30 Rock," he may be pretty quirky in real life too. During an interview with CNN discussing his "Shark Week" special, he revealed he isn't just interested in sharks — he has a 20,000 gallon tank full of them in his backyard. He wasn't kidding around either, noting he's the proud owner of black tips, white tips, leopard sharks, and more. 


Related: 36 Bizarre Celebrity Product Endorsements

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A $16,000 Louis Vuitton Teddy Bear – Kylie Jenner

Multimillionaire Kylie Jenner just had a baby and blessed her fans with a video tribute to her new son. It features glimpses into Jenner's home and the baby's nursery, which naturally includes some over-the-top luxury goods. The baby's modern bassinet, for instance, runs a cool $10,000 — but at least it's a practical piece of furniture. What's less practical is the Louis Vuitton teddy bear seen on a nursery chair. It's made of monogrammed brown velvet, and there were only 500 made. It's no longer for sale by the French fashion house, but you can buy one on resale sites for a mere $16,000, a bargain at 20% off. 


Related: Wastes of Money Sold to You by Luxury Retailers

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An Entire Town – Mark Cuban

Mark Cuban, "Shark Tank" star and owner of the Dallas Mavericks, has reportedly plunked down a fat wad of cash to buy the town of Mustang, Texas. Mustang, which covers 77 acres, is home to 21 people and not a whole lot else. No word on what Cuban paid, but $2 million was the reported asking price. In fact, Cuban's purchase may have been a (very, very expensive) favor for a friend who needed to unload the town. "I don't know what, if anything, I'll do with it," he told the Dallas Morning News.

Street scene of the Braselton Historic District by Chris Pruitt (CC BY-SA)

An Entire Town – Kim Basinger

Cuban isn't the only celebeity who has ever wanted to play mayor. In 1989, the same year she starred opposite Michael Keaton in "Batman," Kim Basinger paid $20 million to buy 1,600 acres of Braselton — nearly the entire town — in her home state of Georgia. Basinger, then 34, wanted to turn the rural farm town into a tourist attraction and film studio, but ended up selling the property as part of her 1995 bankruptcy.


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A Dinosaur Skull – Nicolas Cage

Both Leonardo DiCaprio and Nicolas Cage had their eye on a 67 million-year-old Tyrannosaurus bataar skull, but only one of them shelled out more than $270,000 at auction for it — in other words, a typical day in Hollywood. DiCaprio's been famed for his high living since his teen heartthrob days, but Cage has made far more verifiably extravagant purchases, as intense in his spending habits as he is in his acting. In 2015, Cage agreed to return the skull to Mongolia after an attorney determined it was stolen.

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A New Orleans Haunted Mansion – Nicolas Cage

Another of Cage's most fascinating purchases was the LaLaurie House, one of New Orleans' most notoriously haunted locations — so haunted as to inspire a season of "American Horror Story." "Other people have beachfront property; I have ghost front property," Cage said. He lost the home to foreclosure in 2009, when it was appraised for $3.5 million.

A recreation of the Miura P400 Jota by Tony Harrison (CC BY-SA)

The Shah Of Iran's Lamborghini – Nicolas Cage

In a 1997 auction taking place in Switzerland, Cage bought the late Shah of Iran's red Lamborghini Miura SVJ for $450,000, bidding for it by telephone. Cage's other extravagant purchases, as outlined by his former business manager in a 2009 court case, included another 22 cars, three homes, and 47 pieces of "artwork and exotic items," all in the same year as that Tyrannosaurus skull.

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A Dog Mansion – Paris Hilton

Paris Hilton doesn't demand opulence just for herself, but for her dogs too. The hotel heiress, former reality TV star, and current DJ keeps a two-story, 300-square foot dog villa, which she revealed in a 2009 interview cost about $325,000.

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A $2 Million Humidifier – Celine Dion

Included in Celine Dion's $100 million deal to perform a three-year residency at Caesars Palace in Las Vegas was the installation of a $2 million humidifier on the stage. The misting device hung above her head during performances, reportedly to "preserve her singing voice in the harsh desert climate."

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A $1.5 Million Crystal Bathtub – Tamara Ecclestone

What is it about bathtubs certain rich people love so much? For example, Tamara Ecclestone, the daughter of British billionaire Formula One boss Bernie Ecclestone, paid £1 million (about $1.3 million) for a bathtub made of crystal. She affirmed in an interview with the Daily Mail that employees had been sent "up the Amazon" to gather the crystal for the bathtub, at the same time insisting she had a "grounded" attitude toward money and had been "raised to want to work for a living."

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A $2.2 Million Gold Bathtub – Mike Tyson

Mike Tyson went even flashier with his bathing choice, spending $2 million on a 24-karat gold bathtub for his first wife Robin Givens. Despite an income exceeding $300 million in his 20-year boxing career, the purchase was part of a pattern of overspending that drove Tyson to file for bankruptcy in 2003, when he was $23 million in debt.

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A Gold iPhone – Victoria Beckham

Victoria Beckham — formerly Posh Spice — paid $33,000 for a Stuart Hughes-designed iPhone made with 150 grams of 24-karat gold. When she was first seen with the flashy phone in 2011, British tabloids speculated it was a present from her soccer star husband David Beckham, but a representative said, "She's had the phone for ages. Nothing new." One wonders how much was spent on the upgrade.

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A Ghost Detector – Lady Gaga

Pop star Lady Gaga bought a $50,000 electromagnetic field reader to detect paranormal activity at concerts. The money she spends making sure her life is ghost free doesn't end there; she also hires ghost hunters and paranormal investigators to clear every venue and hotel room along her tours.

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An Entire Hawaiian Island – Larry Ellison

In 2012, Silicon Valley tech billionaire Larry Ellison bought 98% of the sparsely inhabited Hawaiian island of Lanai from Dole Food billionaire David Murdock, a deal valued at more than $500 million. The Oracle founder was then the third-wealthiest American, with a net worth of $36 billion, some of which he's also spent on a $200 million yacht and additional trophy properties in Malibu, Lake Tahoe, Rancho Mirage, and elsewhere.

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A $100 Million Private Jet – Donald Trump

In 2011, as a New York real estate and reality TV personality, Donald Trump bought Microsoft co-founder Paul Allen's private Boeing 757 for $100 million. He spent an unknown amount emblazoning his family name on the plane and installing gold fixtures everywhere, including a bathroom sink and seatbelts. No word on what, if anything, he had done to Air Force One.

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Da Vinci's Journal – Bill Gates

In 1994, Microsoft's other co-founder bought the Codex Leicester, the most famous of 30 surviving journals by Renaissance artist and thinker Leonardo da Vinci. Gates paid $31 million for the document, making it the most expensive book ever sold, then had the notebook digitally scanned and made available on CD-ROM for less than $30.

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A Shark Suspended In Formaldehyde – Steven Cohen

Hedge fund manager Steven Cohen, worth $13 billion, is responsible for buying the second most expensive painting ever sold ($137.5 million for Willem de Kooning's "Woman III"), but that's not as strange as the $8 million (or was it $12 million?) he spent to acquire artist Damien Hirst's shark suspended in formaldehyde.

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An $11,000 Dress … For A 4-Year-Old – Beyoncé And Jay-Z

Beyonce and Jay-Z's daughter Blue Ivy wore a gold-flecked gown worth $10,950 to the 2016 MTV Video Music Awards, which seems outrageous for a 4-year-old yet frugal compared with some other celebrities' awards season wardrobes. Even before she was born, Blue Ivy became the recipient of dozens of luxe baby shower gifts, including — wouldn't you know it? — a $5,200 crystal-studded bathtub.

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A Diamond-Encrusted Barbie – Beyoncé and Jay-Z

For Blue Ivy's first birthday, her parents gave her a custom-made diamond-encrusted Barbie doll worth $80,000. The birthday spending didn't end there. Other purchases included pink and white roses for $95,000 and $2,400 for a cake.

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A Diamond Mine – Akon

Many hip-hop stars like to boast about bling, but few have taken it as far as R&B singer Akon, who, it was revealed in 2007, owns his own diamond mine in South Africa. Though at the time he denied diamond mining's troubled history, saying "that's just a movie," Akon has since accepted the existence of blood diamonds and says he donates profits from his mine to local communities.

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A First-Class Plane Ticket for a Hat – Bono

A self-described "spoiled rock star," U2 frontman Bono once forgot his favorite hat in going to Italy, so he paid $1,500 in 2003 to have his beloved headwear flown first-class from London. The hat was reportedly even upgraded to the pilot's chambers to keep from being crushed.

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Kabbalah Water – Madonna

The Kabbalah Centre in Los Angeles is a religious teaching center, based in Judaism but widely condemned by other adherents and best known for attracting (or preying on) wealthy celebrity clients — none more famously than Madonna. In Touch Weekly reported in 2008 that the pop singer spent upward of $10,000 a month making sure she and her family drank only specially blessed Kabbalah water costing $5 a bottle.

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Gold-Plated Toilets – Kanye West

There are plenty of places a frugal observer might take issue with the opulent estate celebrity couple Kanye West and Kim Kardashian bought for $11 million in 2013, but none more so than the $750,000 gold-plated toilets. They listed the home just two years later for $20 million.

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Sonogram Machine – Tom Cruise

In 2005, during the height of his Katie Holmes infatuation-slash-meltdown, Tom Cruise bought his pregnant then-girlfriend an ultrasound machine, devices that range in price from $15,000 to $200,000. Cruise said medical technicians were teaching Holmes and him to use the device to monitor her pregnancy from the comfort of home — something obstetricians and other experts strongly advise against — and that after the birth they'd donate it to a hospital.

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A Stuffed and Mounted Miniature Horse – Amanda Seyfried

Actress Amanda Seyfried is big into taxidermy, so much so that while promoting her film "Red Riding Hood" in England, she bought a stuffed 3-week-old miniature horse likely costing several thousand dollars. "I love good taxidermy, it's like art," she explained to the media at the time. "A lot of people think it's weird, but I don't know why."

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Five Penthouses Right Next to Each Other – Johnny Depp

In 2017, Johnny Depp's former business managers alleged the "Pirates of the Caribbean" star's absurdly extravagant lifestyle cost him $2 million a month, going toward everything from security staff and internationally imported bottles of wine to collectible guitars and movie memorabilia. In 2007-2008, Depp owned five penthouses in LA's Eastern Columbia Building at the same time, which he tried to turn into a master suite before listing them for a combined price of $12.8 million.

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A Nazi Motorbike – Brad Pitt

In "Inglourious Basterds," Brad Pitt used a knife to brand Nazis; in real life, he spent $385,000 to buy a Nazi antique. In 2015, the actor bought a three-wheeled German motorbike used for reconnaissance missions in Greece, part of a reported passion for World War II relics that also led Pitt to star in "Basterds" and, more recently, "Fury."

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A Diamond-Studded RC Car – The Game

The Game's son said he wanted a Bentley GT like his dad's when he grew up, so his rapper father got him the next best thing: a toy version covered in almost $100,000 worth of diamonds. In tweeting about the gift, The Game anticipated his haters, saying his kid's "college tuitions & trust funds are already paid up ... Just so u know before yo mad ass get to talkin bout what I 'SHOULDA' done wit my money."

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A Polar Bear Coat – Conor McGregor

In the lead-up to a 2017 faceoff, Conor McGregor aimed to intimidate rival MMA fighter Floyd Mayweather at a news conference with his fashion choice — a Gucci mink polar bear coat and accessories worth $50,000 to $150,000. It didn't help him win the fight.

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A Diamond-Encrusted iPod – Floyd Mayweather

Not to be outdone, Floyd "Money" Mayweather has made some splashy purchases of his own, including a $50,000 iPod classic encrusted with diamonds. He was still using the old device for his tunes leading up to the McGregor fight, saying he preferred it to newer models that didn't allow him to adhere as many jewels.

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An Island – Tyrese Gibson

For Christmas 2015, R&B singer and "Fast and Furious" star Tyrese Gibson gave his then 8-year-old daughter, Shayla, an island, which he called "Love Island." Gibson didn't disclose how much he paid, though private islands can sell for less than $100,000. Getting to and from it, however, could sure add up over time.

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3 Bentleys – Shaquille O'Neal

In what's surely one of the most entertaining tales of celebrity opulence, former NBA star and announcer Shaquille O'Neal related in 2012 how he came to buy three Bentleys all at once on a whim: "I had on some shorts and a tank top and flip-flops, and I said to the salesman, 'Sir, how much does this one cost?' He said, 'Can you afford it, sonny boy?' I was so upset that I bought three Bentleys right there on the spot." The 7-foot-1-inch athlete soon discovered he was too tall to fit in the driver's seats. "A million dollars gone in 10 minutes."

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A Tank – Arnold Schwarzenegger

It should surprise absolutely no one that "Terminator" star and former California Gov. Arnold Schwarzenegger owns his own tank, a 1951 M-47 Patton he drove during his compulsory service in the Austrian National Army in 1965. The 50-ton military vehicle's price tag was a lot more reasonable than you might think — free, but for the $20,000 it cost to ship it to the U.S., where Schwarzenegger now uses joyrides in it as an incentive for kids to stay in school.