Meet The Dubai-based Indian Mogul Who Spends $MILLIONS on LICENSE PLATES

Balwinder Sahani, a Dubai-based, Indian property developer has spent a whopping $9 million on a license plate with a single “5” digit. How about that?!

Owning single digit license plates has long been a trend worldwide but recently, the fad seems to be at its peak in the oil-rich United Arab Emirates. And its moguls are not holding back, shelling out eye-watering sums to acquire the coveted license plates that identify one among the uber class.

The latest owner of the trendy luxury piece, Balwinder Sahani bought the number 5 plate for one of his 6 luxury Rolls Royce Vehicles which he plans to increase to 8 by the end of the year. The purchase took place on the 8th of October 2016 at a government auction participated by a good number of Arab moguls.

Balwinder Sahani
Balwinder-Sahani and other Arabians at the government auction on 8 October 2016

But this is not Mr Sahani’s first purchase of the coveted single-digit plate. Back in 2015, he acquired the number 9 plate at a similar government auction for a $6.7 million. The government reportedly holds several of these types of auctions annually.

See Also: 15 Athletes With The Biggest Car Collection

Balwinder Sahani

As lavish as this man appears, he likes to think of himself as a “simple man”. Many have taken to social media to tongue-lash the property mogul for wasting money, but Sahani has a reason for his exorbitant purchase which to be fair is reasonable.

He explained that since Dubai has no income tax, his big purchases on the license plates is his way of giving back to the society as the money will go to Dubai’s Roads & Transport Authority which will help in community development.

“It’s hard, people giving comments without knowing the type of person I am,” he told CNN money. “I believe in giving back, This city has given me a lot”.

He also added; “I always like to give myself a gift every year, When you work very hard, you need to present yourself something.”

As a result of the new buy, Sahani’s celebrity status has received quite the boost. He is often stopped on the streets of Dubai for a selfie. Apparently, he’s got supporters to oppose his critics.

Balwinder Sahani

Well, if you still think $9 million is way too much, then be prepared to be shocked when you learn that; THE RECORD FOR THE MOST EXPENSIVE LICENSE PLATE WAS SET BY………..Abu Dhabi-based entrepreneur Saeed Al Khouri, who paid $14 MILLION at a charity auction to acquire the number 1 license plate back in 2008.

READ   These 20 Highest Paid Actors And Actresses In The World Have Mind-blowing Earnings

That number could even rise more as the fad doesn’t seem to be fading anytime soon. Private companies have emerged to capitalize on the trend, one of such being founded by Abdulkerim Arsanov and his brother. The website which links sellers with buyers experienced a hike in their number of visitors shortly after Sahani’s purchase so much so that it crashed, forcing its owners to improve the server.

The brothers’ biggest deal so far is a two digit license plate sold for $735,000. In Arsanov’s words, “Number plates have become more luxurious than the cars themselves”

The brothers plan to expand their business to include other rich countries like Russia and the United Kingdom. Should they make a record-breaking sale, rest assured Justrichest would let you in on all the scoop. STAY TUNED!

See Also: Revamped $1 Million Bulletproof Mercedes Benz G Wagon

Uwa Echebiri
Uwa Echebiri
Uwa has extensive professional writing and editing experience including report and technical writing, product reviews, informational and persuasive articles, creative and content writing on nearly any topic, from entertainment to lifestyle, finance, sports and more. As a lifelong movie buff, Uwa is either bingeing on new movies during leisure, or giving someone a whopping on the latest FIFA edition


Does Pharrell Williams Have Wife or Kids and What is His Net Worth?

With at least 13 Grammy Awards under his belt, Pharrell Williams is an established American record producer, singer, and businessman. He began by producing...

What Happened to Mel Gibson’s First Marriage? Meet His Kids and Current Girlfriend

Being married and staying married in Hollywood can be a herculean task. When you add the baggage of struggle with alcoholism and bad press...

A Close Look At Daniel Tosh’s Net Worth, His Wife And Gay Rumors

Daniel Tosh is an American stand up comedian, actor, writer, executive producer, and television host. He is popular for his controversial style of dark...

Making Sense Of Angelina Jolie And Brad Pitt’s Divorce

No one likes divorce, but, sadly, it happens for several different reasons. Best couples are no different; we've seen marriages between lovebirds crash when...

14 Corrupt Billionaires Who Have Served Jail Time

One would like to think that being a billionaire would at least solve the problem of greed, instead, the reverse is the case for...

10 Instagram Fitness Models Who Are Raking In Millions Online

Instagram was launched only about a decade ago, but today, with its more than half a billion users, it has since joined the big...

Who Are Charles Barkley’s Wife and Kids and What is His Net Worth?

Charles Barkley is famous for being one of the most phenomenal American basketball players of all time. As an NBA player, he was nicknamed...

See If These 20 Most Expensive Movies Made In The Past Decade are Worth It

In a bid to satisfy the increasing appetites of movie critics and viewers and also outdo their previous performances, filmmakers, over the past decade,...

More From Justrichest

Inside Jay Leno’s Massive Car Collection, Net Worth & Family Life

Jay Leno is without doubt, one of the finest and most mature entertainers America has ever produced. A multiple award-winning stand-up comedian, writer, TV...

12 Biggest and Most Expensive Homes of Extravagant Footballers In 2020

The huge and decent earnings of footballers grant them the audacity to exemplify lavish spending and also enable them to sustain every aspect of...

Jessica Nigri Net Worth: How Much Money Does The Cosplayer Make?

Jessica Nigri is a well-known American cosplayer. For the benefit of those who don’t know, Cosplay is derived from the words costume and play....

20 Strongest and Most Powerful Currencies in The World (Updated 2020)

According to World Atlas, there are 180 currencies in circulation that are recognized by the United Nations across the wide world and these are...

Featured Today

What Is Wrong With Barron Trump, Is He Really Autistic? Where Is He Now?

Autism is prevalent and can affect people of all ethnic, racial and socioeconomic groups. The disorder, which limits a person's ability to relate and...

Shirley Ann Jones – Bio, Family & Facts About Jerry Van Dyke’s Wife

The veteran comedic actor Jerry McCord Van Dyke died on January 5, 2018, after an eventful career that lasted over five decades. He was...

Who Is Sibylle Szaggars, What Does She Do and How Did She Meet Robert Redford?

The founder of the biggest independent film festival in the US Robert Redford is no doubt a big name in Hollywood. Apart from his...

Who is Zack Snyder’s Daughter Autumn Snyder and Why Did She Commit Suicide?

It could be hard to understand why someone would ever take their own life; leaving their family and loved ones to suffer in a...

Related Stories