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   The $140,000 World's Most Expensive Perfume Collection

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


What Is Usher’s Net Worth and Is He Married or in Any Relationship?

What is Usher's net worth? Usher is an American singer, songwriter, dancer, producer, actor, businessman and philanthropist. His net worth is estimated at $180 million. Usher...

Justin Timberlake’s Net Worth and Interesting Details About His Wife and Kids

Justin Timberlake is an American musician, actor, entrepreneur, and record producer who has a net worth of $250 million. He made his fortune from...

A Look at Deion Sanders Net Worth, Baseball Stats and Family Life

What is Deion Sanders' net worth? Deion Sanders is a retired football and baseball player and currently a sports analyst. As of 2021, Deion Sanders'...

Here’s What We Know About Katy Perry’s Net Worth and Family

What is Katy Perry's Net Worth? Katy Perry's is an American singer, songwriter, and television judge who has a net worth of $330 million dollars....

Alexis Roderick vs Billy Joel Net Worth and Their Interesting Love Story Despite Their 33-Year Age-Gap

Billy Joel and Alexis Roderick are among the wealthiest celebrity couples in the US. Billy, one of the best-selling music artists of all time, has...

Featured Today

Joel Osteen – Divorce Rumours, Wife & Net Worth

Over 7 million viewers weekly and more than 20 million monthly in over 100 countries across the globe tune in to listen to American...

Captivating Facts About Nicole Lz’s Divorce and Relationship With Adam Lz

There are many ways to become popular in this day and age. A few people have achieved fame by being good at what they...

Top 10 Richest Female Porn Stars In The World

When it comes to adult movies, we think of beautiful female porn stars shoving their bodies on men. Yes, these actresses flaunt their beautiful...

Why Did Dave Grohl Get Divorced From His First Wife Jennifer Youngblood?

It was once said that hard work would beat talent when talent fails to work hard. Such motivational quotes go a long way to...

Who is Laura Coates? Her Husband, Age and CNN Career

One of the reasons why America’s news organizations and journalism as a whole is one of the most followed in the world is the...

Related Stories