Take a Ride in the 'Flying Palace'

If you've been eyeing a new car, why not go for broke and get yourself a new private jet. And not just any jet, the new A380 jumbo jet from Airbus. That's what Prince Alwaleed bin Talal has done. He's the 13th richest person in the world and apparently has nothing better to do with his wealth than buy the ultimate non-necessity. He's also the largest single shareholder of the U.S. banking giant, Citigroup, and doesn't seem to be too worried about the recent hammering the stock has taken.

If I were going after a private jet, I'm not so sure I'd buy such a large jumbo jet, but then again I haven't given it too much thought. If that's what he's into, then more power to him.