The £162,000 gold shirt: the crazy blinged up clothes

Gold shirt

Datta Phuge, an Indian businessman, has paid £162,000 for a shirt made out of gold. The monster weighs in at 3kg (7 lbs), and could hardly be called understated.

So why did he buy it, and is this the craziest piece of clothing ever sold?
Phuge has a passion for gold - and is nicknamed 'the gold man'. He wears chunky necklaces, rings and bracelets of his favourite metal along with the shirt - which must hamper his ability to do just-about anything. Whenever he wears it, he has to be accompanied by a security guard.

According to the Mirror, the shirt comes complete with six Swarovski crystal buttons and a solid gold belt.

He told the BBC that gold was simply his chosen status symbol. Traditionally in India wearing gold is a sign of wealth, so each time his property and money-lending company makes a profit he buys himself some more. He said a gold mobile phone and shoes were next on his wish list.

It's certainly an unusual choice, and has a decent claim on being the most expensive shirt ever made. However, Phuge is not alone in embracing the 'if you've got it, flaunt it' mantra, and using it to justify insanely expensive and impractical clothes.

Crazy clothes

According to the Guinness World Records, the Mouawad 1001 Nights Diamond handbag is the world's most expensive. The bag, produced in Dubai, is worth $3.8 million, and is made from gold and 4,517 diamonds. It's not the kind of thing to be leaving on the floor of the pub on a Saturday night.

This starts to make the world's most expensive pair of high heels look like a bargain. They were made by designer Kathryn Wilson for a Ronald McDonald House charity auction, featuring 21.18 carats of diamonds, and fetched $418,500.

It's a drop in the ocean compared to the world's most expensive dress, worth $17.7 million. The caftan style dress by British designer Debbie Wingham is encrusted with rare red diamonds, black diamonds, white diamonds and rubies, all set in gold. However, she borrowed the gems to make the showpiece, so the dress will never be sold.

Perhaps Phuge will have to content himself with the most expensive iPhone in the world. British designer Stuart Hughes, coated an iPhone 5 with gold and encrusted it with black and white diamonds. He created it for a Chinese businessman - at a cost of £10 million.

Forbes rich list: the world's top ten billionaires
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The £162,000 gold shirt: the crazy blinged up clothes

The Mexican self-made telecoms mogul tops the rich list with a wealth that, as Forbes reports, if it were a country would be the eighth richest in Latin America.

Dubbed the world's most generous person, Bill Gates made his fortune as the brains behind Microsoft and has reportedly already donated $28 billion of his wealth to charity so far.

Spanish billionaire Ortega is the man behind the clothes brand Zara and is this year's biggest rich list gainer, making $19.5 billion last year and moving him into third position.

Buffett made his billions as CEO, primary shareholder and chairman of Berkshire Hathaway, A diversified company with interest in GEICO, life insurance, annuity sales and sales of jewellery. He recently signed a lucrative deal to acquire Heinz Ketchup.

Ellison founded Oracle Corporation, a leading enterprise software company. He's America's third richest man and Forbes has reported that he recently bought 98% of the Hawaiian island of Lanai from David Murdock for a reported sum of $500 million.

Koch built his fortune on chemicals and refining and shares the sixth position on the rich list with his billionaire brother, David Koch.

Tied sixth in the rich list with his elder brother Charles, David runs the chemical equipment side of Koch Industries from his New York home.

This self-made billionaire is Asia's richest man and currently supplies a quarter of British people with gas after acquiring British gas supplier Wales & West Utilities for $1 billion last October.

The only woman in the top ten, Bettencourt's father founded L'Oreal and now she and her family own 30% of the French cosmetics super brand.

Branded by Forbes as the 'World's most influential tastemaker' Arnault owns the luxury goods powerhouse LVHM, Moet Hennessy - Luis Vuitton.

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