06.38 pm, Wednesday February 10 2010

Tycoon pays $7m for '5' licence plate

08:18 AEST Mon May 14 2007
Reuters
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A United Arab Emirates tycoon spent 25.2 million dirhams (nearly $7 million) for a car licence plate displaying the number five for his red Rolls Royce car at a charity auction in the Gulf state.

"Although I am convinced that number five is not worth even one million (dirhams), I would have bought without hesitation had it reached 50 million so long as the purpose is charity," Emarat al-Youm newspaper quoted Talal al-Khoari, 35, as saying.

The auction's proceeds go to charity activities overseen by the government of the oil-exporting nation.

Khoari, chief executive of a holding firm, said his will stipulates a third of his wealth be donated to charity.

 
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