(As of Jan 2023) Warren Buffett famously drives a 2014 Cadillac XTS and owns only one car. Famously, because most other billionaires have much flashier cars, an

(As of Jan 2023) Warren Buffett famously drives a 2014 Cadillac XTS and owns only one car. Famously, because most other billionaires have much flashier cars, and warehouses full of cars. You may not feel the difference between a $50k car and a single $500k car, but having seven $500k cars, one for each day of the week, in different colors, just hits different. It's conspicuous consumption, even if you don't notice or care about the particular object of the consumption. There are people out there with just so much money that you can waste money on every half a whim, and still have... pretty much the same amount left over. It means you can buy jewelry you might want and just throw it away like you're in Brewster's Millions. At that level, who cares about utility?