Should MM Lee buy A380 private jet?
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You seem to misunderstood my point. I was just trying to highlight the unfairness of the OPEC botherhood, and not to question what they do with the money they get from the unfair advantage.Originally posted by alleggerita:Splurge on themselves yes..but they do splurge on their own country too to make it prosperous..They may have oil and they may be rich..especially Dubai..but do you know their oil reserves won't last any longer? The max is 10 years..
So what is Dubai doing now? They built the Burj Al Arab, building the Burj Dubai, Palm Island, and the World Island now.."For what?!" you may ask..this is for their future..when their oil reserves run out (which is going to be fast), they must complete their tourism attractions so that they can turn themselves into an exotic getaway for rich people..
So don't look at Dubai as if they like to splurge and show off for the sake of splurging and showing off..they didn't build the Burj Al Arab (first 7-star hotel and tallest hotel in the world), Burj Dubai (tallest building in the world when completed), Palm Island and World Island to show off..it is part of their plan to secure their future..
When they decide to play around with the quantity of crude oil supplied, we get fucked big time.
Don't you just hate it when that happens.... -
This quote is apt:Originally posted by xjxjxj:You seem to misunderstood my point. I was just trying to highlight the unfairness of the OPEC botherhood, and not to question what they do with the money they get from the unfair advantage.
When they decide to play around with the quantity of crude oil supplied, we get fucked big time.
Don't you just hate it when that happens....Originally posted by hloc:Sorry Bro.... I more worry if he CAN"T afford it, then where will the money comes from......
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What is the point of this imaginative thread?
There is a fine line between humour and stirring up emotions. My opinion of this thread is that it's conjured up in bad taste.
Very, very bad taste. -
LOL, so the SG ministers are "too poor" to buy a private a380? You better don't give them a reason to increase their pay check again.Originally posted by enadiz:no matter how much politicians in sg are paid, they can never buy a private a380.
u cant earn billions thru politics. u have to be a multibillionaire and mm lee isnt one. bearing that this plane is a completely private purchase if it were to happen.
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Yes.
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Oh, and this guy didn't get filthy rich with oil. He's an investor in Real Estate and Stock from Citigroup and many hotels. He partnered with Bill Gates on a Four Seasons Hotels deal.Originally posted by xjxjxj:All these middle-east prince/ oil cartel, they are the very reason why oil prices sometimes shoot thru the roof. And they use these"ill-gotten" gains to splurge on themsleves like there's no tommorrow. All these at the expense of consumers like you and me.
I wonder what their countries would be like today if most of the world's oil reserve is not in their continent.
The world is never fair!
http://www.forbes.com/lists/2007/10/07billionaires_Prince-Alwaleed-Bin-Talal-Alsaud_0RD0.html
He's a prince one of the members of the royal family over there. He is not in the govt. He has a BA in business admin, a MA in public affairs, who took his family fortune, invested it and has done very well in the markets. He is the Warren Buffet of Saudi Arabia.
this prince hasn't made any money from saudi oil... If you look at his investment portfolio, he is the biggest investor in the muslim world... I am afraid ppl need to realise, you can't become a successful businessman, by not having a diversified portfolio - this mains investing globally -
I dont quite understand. This guy is born into the Al-Saud royal family. how can he not be filthy rich? plus, his "career" started with brokering deal between foreign companies and saudi arabia, if not for his last name, do you think he will have the opportunity?Originally posted by elias1987:Oh, and this guy didn't get filthy rich with oil. He's an investor in Real Estate and Stock from Citigroup and many hotels. He partnered with Bill Gates on a Four Seasons Hotels deal.
http://www.forbes.com/lists/2007/10/07billionaires_Prince-Alwaleed-Bin-Talal-Alsaud_0RD0.html
He's a prince one of the members of the royal family over there. He is not in the govt. He has a BA in business admin, a MA in public affairs, who took his family fortune, invested it and has done very well in the markets. He is the Warren Buffet of Saudi Arabia.
this prince hasn't made any money from saudi oil... If you look at his investment portfolio, he is the biggest investor in the muslim world... I am afraid ppl need to realise, you can't become a successful businessman, by not having a diversified portfolio - this mains investing globally
Saudi Arabia is filled with oil money, without oil, there will be no deal, there will be no foreign investment, no infrastructure development, no government funds to feed their civil servants, no gulf war etc. -
err wasn't thread supposedly be on MM
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But still, you have to admire his skills in investing in companies..for example, he invested in Citigroup when it was in red ink back then..and now Citibank couldn't have healther profits..Originally posted by Gazelle:I dont quite understand. This guy is born into the Al-Saud royal family. how can he not be filthy rich? plus, his "career" started with brokering deal between foreign companies and saudi arabia, if not for his last name, do you think he will have the opportunity?
Saudi Arabia is filled with oil money, without oil, there will be no deal, there will be no foreign investment, no infrastructure development, no government funds to feed their civil servants, no gulf war etc.
Without skills, no matter how much capital he has at first to start investing, he's not going to get any returns..let's just say he's one helluva lucky guy..he has the cash AND the brains.. -
have you ever wonder why they say rich will get richer? it is not because all rich people are smart, it is because rich people have the money to grab the opportunities and pay people to get things done.Originally posted by alleggerita:But still, you have to admire his skills in investing in companies..for example, he invested in Citigroup when it was in red ink back then..and now Citibank couldn't have healther profits..
Without skills, no matter how much capital he has at first to start investing, he's not going to get any returns..let's just say he's one helluva lucky guy..he has the cash AND the brains..
If you have said this 1 or 2 month earlier, you could be right, but the reality is that citibank just took a huge hit from subprime credit crunch and stocks price have fallen abuot 40% and even got down graded.
If you have $1b, I will recommend you to go shopping for asset and equity when USA hit into recession. -
My bad..I didn't know about Citibank's recent plight..Originally posted by Gazelle:have you ever wonder why they say rich will get richer? it is not because all rich people are smart, it is because rich people have the money to grab the opportunities and pay people to get things done.
If you have said this 1 or 2 month earlier, you could be right, but the reality is that citibank just took a huge hit from subprime credit crunch and stocks price have fallen abuot 40% and even got down graded.
If you have $1b, I will recommend you to go shopping for asset and equity when USA hit into recession.