Sunday, May 4, 2008

27 Stories of Exquisitely Wasteful Money Spending


Excessive, extravagant, exquisite and 'over-the-top' are just some of the ways you can describe the Ambani family's new home.

In a recent article by Matt Woolsey entitled Inside the World's First Billion-Dollar Home the Amabani's home (Antilla Tower) was showcased. This home is 27 stories tall, and costs $2 billion to construct. Each floor uses completely different materials from each previous floor, which adds to it's awe-inspiring price tag.

Woolsey states:

"The home will cost more than a hotel or high-rise of similar size because of its custom measurements and fittings"

This is one of the (for a lack of a better word) biggest wastes of money I have ever seen. The Ambani family consists of Nita and Mukesh, the parents and three children. Do they really need 27 floors to live in? Do they really need unique building materials for each floor?

Just think of how much even a fraction of the money spent on this tower could help with: world hunger, impoverished living conditions of poorer people, helping fund medical improvements, etc.

If people spent more time worrying about the essentials, rather than extravagances the world would be a better place. To me this is awe inspiring only in how much money is being spent to accommodate a 5 person family.

(photo courtesy of Businessweek.com)





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