Updated: Tue, 19 Mar 2013 06:00:00 GMT | By Jason Buckland
Outrageous purchases of the wealthy

From a $300,000 racing pigeon to a private island, the rich have been spending their money on some unusual acquisitions.



Australian Billionaire Clive Palmer speaks at a news conference to announce his plan to build Titanic II, in central London, March 2, 2013. (© Olivia Harris/Reuters)
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  • Australian Billionaire Clive Palmer speaks at a news conference to announce his plan to build Titanic II, in central London, March 2, 2013. (© Olivia Harris/Reuters)
  • Dallas Mavericks' DeShawn Stevenson celebrates a three pointer against the Miami Heat, June 7, 2011. (© Lucy Nicholson/Newscom/RTR)
  • The house of Mukesh Ambani, chairman of Indian energy company Reliance Industries, is seen in Mumbai, Oct. 19, 2010. (© Stringer/Reuters)
  • Brunei's Sultan Hassanal Bolkiah in Phnom Penh, Cambodia, Nov. 20, 2012. (© Damir Sagolj/Reuters)
  • Naomi Campbell attends the 2013 Vanity Fair Oscars Party in West Hollywood, Calif., Feb. 24, 2013. (© Danny Moloshok/Reuters)
  • emergency room, doctor (© Getty Images)
  • bird (© Getty Images)
  • Director James Cameron in Hollywood, Calif., on Oct. 3, 2012. (© Albert L. Ortega/Getty Images)
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Late last month, Aussie mining mogul Clive Palmer unveiled plans for his latest project, a replica of the most famous ship there ever was. According to Palmer, whose fortune nears a reported $800 million, construction will soon begin on a new model of the Titanic, the fated vessel that sunk in the North Atlantic more than a century ago.

While the Titanic replica will is not intended for Palmer's personal use — he says 40,000 people have expressed interest in tickets for his ship's maiden voyage — the point remains: when you're rich, you tend to spend your money in ways most could never imagine. With the new Titanic slotted for a late 2016 launch, MSN honours Palmer's vision with other crazy things rich people have bought — from billion-dollar houses and private island homes to submarines and gold-plated private jets.

* All figures in USD.

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