Ed Bazinet, a 68-year-old American billionaire and business tycoon, was recently admitted to a psychiatric hospital after spending $20 million (approximately 1.3 billion yuan) on daily necessities at the New York International Gift Fair. He spent $1.6 million (approximately over 10 million yuan) alone on soap.
According to reports from Beijing on February 17th via China National Radio, what can be done with $20 million? Buy houses or cars? But someone used it just for purchasing daily necessities.
It is understood that most of the items Bazinet purchased were household daily necessities and trivial items, including kitchenware, luxury cosmetics, expensive textiles, etc. A designer who was present at the fair said: "When he bought things, he would simply say, 'Give me a thousand of this, and a thousand of that.'"
Bazinet hails from Minnesota and once owned a company mainly dealing in handicraft decorations. In the 1990s, he sold his company for $270 million (approximately 1.7 billion yuan). Bazinet's lifestyle is very extravagant; his residence is worth $28 million (approximately 1.8 billion yuan), has five floors and 19 rooms. He also owns over a thousand bottles of fine wine, his own plane, and more.
Bazinet's friends are deeply concerned about his abnormal mental state, so they had him admitted to the psychiatric hospital. After examination by the doctors there, he was diagnosed with mania and bipolar disorder. According to his friends, in January, Bazinet also spent $39.4 million (approximately 250 million yuan) in a similar situation in Paris.
Feel free to share: We welcome your comments and reviews!