Meet the Man who Spent $9 million on a License Plate


Meet the Man who Spent  million on a License Plate

For high-rolling drivers in the United Arab Emirates, no car is complete without a single-digit license plate.
The oil-rich country’s wealthy elite are willing to drop millions of dollars to get their hands on one.
Dubai property developer Balwinder Sahni wanted a highly coveted plate bearing the number 5. He wanted it so much, he bid 33 million dirhams ($9 million) for it at a government auction earlier this month.
It was one of the largest sums ever spent on a license plate, although still lower than the $14 million record set in 2008 by an Abu Dhabi businessman.


Sahni found that his big purchase also brought him a lot of attention. He says he can’t go out in public without people stopping him and asking to take a photo — and some aren’t impressed, accusing him of wasting his money.
“It’s hard, people giving comments without knowing the type of person I am,” Sahni told CNNMoney. He described himself as “a simple man.”
The single-digit plates now adorn two of his six Rolls Royce cars. (He also has two more of the luxury vehicles on order.)
dubai license plate 1
Balwinder Sahni with two of his Rolls Royce cars bearing multimillion-dollar license plates.
It’s also not the first time Sahni has spent serious money on a license plate. He secured a No. 9 plate with a winning bid of 24.5 million dirhams ($6.7 million) at a government auction last year.
Since Dubai has no income tax, Sahni says he sees the hefty license plate purchases as his contribution to the public coffers. He says he believes the money will go to charity and toward improving the city’s infrastructure.
“I believe in giving back,” he said. “This city has given me a lot.”
Dubai’s Roads and Transport Authority declined to comment on how the proceeds from the license plate auctions are spent. The authority holds several a year. Bids can start in the millions of dirhams.

CLICK1 2 3 4…. keys below to browse


Leave a Reply

Your email address will not be published. Required fields are marked *

Read previous post:
Enough Of Medicines And Doctors lying, The Cure For The Thyroid You Have In Your Home

Thyroid problems is something really serious, disorder, changes in your life with continuous stress states, decaying spirits, horrible conditions that...