Currently Worth Around N17.5bn, Bieber Says Owning A Private Jet “Is A Total Waste Of Money”

He might just be 18-years old but with a fortune estimated at £70 million (N17,570,000,000) – which is set to double in the next two years on the back of a world tour, a movie and the returns from numerous investments – far richer than Nigeria, nay, Africa’s wealthiest man, Aliko Dangote, Bieber is a ‘big man.’

His latest album, Believe, topped the charts in the UK, the U.S. and throughout Europe, and his tour is sold out.

This amazing success has brought him a £4 million, 10,000sq ft house north of LA, a Disney-princess girlfriend, Selena Gomez, and a £500,000 Mercedes-Benz Sprinter van customised with three high-definition TVs and a recording studio. About the only thing lacking in his fairy-tale world is a private jet.

‘No way,’ he says emphatically. ‘It’s a total waste of money. You buy the plane, then you have to pay for storage, and on top of that you have to think about the fuel, the cost of the fuel – that’s maybe $4,000 (N628,000)

‘Even hiring a private plane is like 50 or 60K. Once you get into that it becomes a habit – a bad habit.

‘I’ll get one when I need it – if I have to go somewhere instantly – but you don’t want to buy a plane; it’s definitely not worth it.’

Words of wisdom coming from the mouth of a ‘baby’. The nouvea riche in Nigeria don’t want to hear that – owning a private jet to them is the ultimate status symbol but how much are they worth? How many of them can lay claim to their wealth as a result of hard work and honesty?