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04.29.

World’s most expensive Blue Diamond set in a Bulgari ring sold for a record $9 million

diamond

In the world of most expensive diamonds, one variety which is sought after by collectors, are the blue diamonds. Some of these have managed to break records during their sale, including the likes of Bulgari $2.9 million blue diamond ring, the Bvlgari vivid blue diamond, and De Beers Millenium Collection diamond. One other such precious blue diamond, happened to the1965 Bulgari circa ring, which was expected to sell at around $2.3 million at a Bonham’s auction. The diamond has finally been sold, but for a many times the expected price to finally bring in £6.2 million ($9.49 million) at Bonham’s Fine Jewelry sale in London. The price tag also puts the 5.30 blue diamond ring to be the most expensive diamond on a per carat basis. The buyer is known to be Graff Diamonds, one of the world’s best known collector houses of the precious stone.

 

 

 

 

Diamonds, expensive, swarovski, wasted money

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04.17.

How Did Nicolas Cage Blow Through A $150 Million Dollar Fortune

cage

 

Yesterday was April 15 and hopefully as you read this right now you have filed your taxes and are looking forward to a big fat refund! Or at the very least, I hope you didn’t end up owing anything extra to the I.R.S. this year. One person who definitely knows what it feels like to owe a little bit of money to Uncle Sam is Nicolas Cage. Nick is unfortunately one of dozens of high profile celebrities who happen to be way better at acting or throwing a ball than they are at taking care of their personal finances. After years of extravagant over-spending, not only did Nicolas find himself owing the IRS $13 million, but he also managed to blow through a $100 million fortune.

I have to admit, Nicolas Cage is probably my favorite actor of all time. The Rock, Lord of War, Con Air, National Treasure, Raising Arizona, Leaving Las Vegas, Face/Off, Snake Eyes… I celebrate the man’s entire catalog. I realize that some of Nick’s movies can be perceived as slightly cheesy or even flat out bad, but you have to admit his movies are rarely dull. At the peak of his career, Nick was one of the highest paid celebrities in the world who pulled down as much as $40 million per year. Between 1996 and 2011 Nick earned more than $150 million from acting alone. He earned $16 million for Snake Eyes, $20 million for Gone in Sixty Seconds, $20 million for Windtalkers, $20 million for National Treasure… just to name a few.

Not surprisingly, as his income went up so did his spending habits. Actually, to be fair, as his income increased Nick’s spending habits SKYROCKETED. Between 2000 and 2007 Nick went on a spending spree that would make the Sultan of Brunei blush. During that time Cage made the following purchases:15 Personal Homes: Cage’s property portfolio included an $8 million castle in England that he plunged millions more into remodeling. He never spent a single night in the castle. He also bought a second castle in Bavaria, two multi-million dollar mansions in New Orleans, a $17.5 million palace in Bel Air, a $10 million Malibu beach house, a 24,000 square foot home in Rhode Island, a mansion in Las Vegas and a getaway property on Paradise Island in the Bahamas.

A Private Island: Apparently having a house on Paradise Island didn’t fill Nick’s penchant for the Bahamas because in 2006 he spent $7 million on a 40 acre private island 85 miles south of Nassau.

Four Luxury Yachts: Cage at one time owned four luxury yachts including one called Sarita that had 12 master bedrooms that was valued at $20 million.

A Fleet of Exotic Cars: At its peak, Nick Cage’s garage contained dozens of high end luxury vehicles including nine Rolls Royces. He owned an extremely rare $500 thousand Lamborghini and a $1 million Ferrari Enzo, one of only 349 produced. Cage also owned 30 motorcycles.

A $30 Million Gulfstream Private Jet

Other: Nearly 50 expensive works of art, dozens of jewels, a 67 million year old dinosaur skull, two extremely rare albino King Cobras.

autos, celebrity, expensive, wasted money

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04.10.

One Year Ago Today: 27 Year Old CEO Kevin Systrom Sells Instagram For $1 Billion

 

 

 

 

 

 

 

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Exactly one year ago today, Kevin Systrom, the 27 year old Founder/CEO of photo APP company Instagram had a pretty good day. Why you ask? Did he get a better than expected tax refund? No. Did he find out that Demolition Man was finally streaming on Netflix? No. Did Facebook agree to buy his company for $1 billion? YES. Did he own 40% of the company and therefore make an insane $400 million off the purchase? YES YES and YES! How would you have spent the last year if you had a bank account worth hundreds of millions of dollars…

 

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04.04.

Alex Rodriguez Makes More Money Than The Entire Houston Astros

The 2013 baseball season is underway and once again Yankees third baseman Alex Rodriguez is the highest paid player in the league. That stat alone probably isn’t surprising even to a casual sports fan. A-Rod has been known for his enormous contracts for quite a while. On the other hand, you might be surprised to learn that this year Alex Rodriguez’s $29 million salary is more than the entire payroll of the Houston Astros. And we’re not talking just about Houston’s starting players, A-Rod will single handedly make more money in 2013 than Houston’s entire payroll. How is this possible?!

A-Rod is joined by New York Mets pitcher Johan Santana whose $25.2 million salary is $200,000 more than Houston’s $25 million payroll this season. Also, with a salary of $25 million, Phillies pitcher Cliff Lee will make exactly the same amount as Houston’s entire clubhouse.

Perhaps what makes this stat so astonishing, is the fact that Alex Rodriguez hasn’t exactly been lighting the ball on fire in recent seasons. A-Rod performed so poorly in the 2012 American League Division Series that he had to be benched by Yankees manager Joe Girardi. Furthermore, many critics were quick to point out that A-Rod’s replacement Eric Chavez earned a salary of just $900,000 for the entire 2012 season. By comparison, Rodriguez earned $128,000 PER DAY last year, making him the highest paid bench warmer in sports history. Before getting benched, A-Rod had just two hits, nine strikeouts and no RBIs in his 12 ALDS at bats. Historically, he has struck out 27% of the time during post season games.

Despite these abysmal numbers, the Yankees are stuck with A-Rod for at least five more seasons. Going into the 2013 season, The Yankees still owe Rodriguez a guaranteed $118 million out of his original $275 million contract. But on the other hand, at least he is actually playing. On April 2nd 2013, Mets pitcher Johan Santana (the second highest paid player in baseball) underwent a shoulder surgery that will keep him on the bench for the entire 2013 season! The Mets will shell out $25.2 million this year to Santana, and he will likely not even put on a uniform once. Johan is owed $31 million of a $137.5 million contract. Thank God for guaranteed contracts!

How badly does this make you want to root for the Astros?!?!

cash, celebrity, expensive, Monthly Silly Millionaire, wasted money

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