How much will you pay to get your favourite car license plate? Well, you will be surprised if you know somebody willing to pay millions just to get his favourite plate. An UAE businessman spent US$14 million just to get a car license plat at a charity auction held in the United Arab Emirates lately.


The new owner of the car plate bearing the single number “1” claimed that US$14 million is not a substantial amount compared to his family’s fortune. “It is not huge compared to my family’s fortune,” Saeed Abdel Ghaffar Khouri said after bidding for the license plate. “The price is fair. After all, who among us does not want to be number one,” Khouri said. The money proceeded from the auction will be used to establish a specialised hospital in Abu Dhabi for accident victims.

The persistently high crude oil prices have impacted the global economic performance significantly. At the same time, the high oil prices also multiple the wealth of those who are dealing in oil business especially those from middle-east.