Would you give your daughter a gift like this?

i will not give my daughter a gift like that even i was rich like that. the education for children should teach them how to get their favorite gifts on her/his own effort. you are right that his daughter will probably have no respect or value of money when he/she grow up.

I think the wealthiest man in this case was overacting. No need to give such expensive gift for a teenager. I think that man is not teaching her daughter how to value the hard earned money, but he just teach her how to spend as much as money they have for their own prestige. This is a bad idea and that young girl would turned out to be a bad girl one day if his father still doing like this. As a wealthiest man, he should preparing his children how to running a business and how to manage their wealth, instead of spending their wealth. But however it's up to them. We are not a wealthiest person in our area so we can't understand how did they think about this matter. Those money are them, so we don't have any rights to say about their expenses. Good luck and have a nice day. Happy mylotting.

A yacht is too much for a 15 year old... not unless she is like studying to become a professional in the field of yachting... but i think even if i am that wealthy... i would rather just give my daughter a tickets to travel the world (with me of course) rather than something that requires high maintenance... A lot of rich people have their own way of spoiling their children...

If I had the money to get any of my kids gifts like that and I knew it was something they would use, I probably would. The cost of it and probably the insurance policy on it most likely are a good investment and if he bought it for $3 million cheaper than it cost to build, I'd say she has something to cash in at a later date if she needs the money.

One of the worst forms of child abuse is to over indulge a child to the extent that he or she will have an innate sense of entitlement. This girl will find life very difficult if, as an adult, she is ever faced with life without wealth; she will have no idea how to be resourceful without someone handing her everything she wants and needs. It’s quite sad actually...For her...And you’re right, it’s ridiculous!

If I was rich and had a daughter then, I might have given the same gift. Even when people are not rich they try to give expensive gifts to their children or girlfriend. So if people have plenty of money then why not give big gifts. For us the yacht seems very expensive but for the father it might not be so expensive. If the father would have given a box of chocolates then people would call him a miser who hoards money for himself.

I agree with you she dose know how much it's worth and by time she 21 what will he give her then he will be really puzzle it's not price that's count it's the feeling and saying how much you love them ...what's $$$ money any way it's only piece od paper with nu. on it. which I could use... cd

hi mipen! good day to you my friend... You know we love giving gifts to each one of us if we have extra money or we have to gave just to make a person happy. If that's the case like your topic I think it's really bad because she is only fifteen and then she had that kind of gift in her age and to think she cannot make that took care of that yacht how really ridiculous is that and I think the perfect gift that we gave in that age is that maybe a dress ,etc. but not like that .I have 3 kids but I never gave gifts so expensive because I know they are so young and I like the way I brought them ,they appreciate really appreciate whatever things even a small things that I gave to them. GOD BLESS xchyler

Ah only today i got htis mail about Sultan of Brunei, the richest man of the richest country...His worth increases by 90 euroes every second...He literally sleeps, eats and walks on gold!!! He has got more than 100 expensive cars...he gifts airbuses to his children on their b'days...his own private air bus is lavishly decorated in gold...even his wash basin in his palace is in pure gold...I wish I could attach those photos of his palace, airbus, cars and his daughter's extravagant wedding... People have money and they flaunt it..I think it is as simple as that...In Islam, there is a rule that those who have excess money should give away 2.5% of their money to the poor everyday...Had all the rich paid this amount, there would have been no povery here...

Wow! what a gift! First of all, i could never afford to give mt daughter a gift like that. Fifteen years old is a little young to be a yachtowner in my opinion. This is how spoiled rich girls begin. I agree with you about the daughter not seeing the respect and value of money. When children receive gifts like these we are asking for trouble. Children need time to grow up and know about life before becoming enriched with material possessions that they really don't need.

I think I had a Madonna album for my 15th birthday. She's probably a spoilt little snot isn't she! (I suppose that is stereotyping, she might be nice!)

...Hi mipen2006, You would have to take everything into consideration here. These are not your ordinary people. The young woman or child, if you would, has received things during her life that are so much more expensive than other children her age. That is why her father purchased such an ultra expensive gift for her. He will probably purchase an island for her when she turns 16. Maybe she won't value money, but think about it, does she really need to? These people have different mind sets. I noticed from limited observation, that the Trump children appear to be balanced, they both finished college with very good grades, and have jobs. So it depends on how the children are reared, if they have values or not. Take care.

Hi mipen2006,How lucky his daugter was.On my part,If i have a lots of money,If I am a billionaire why not?Maybe he loves his dauhter so much.He will give erything luxurious to her daugter.For me as long as ican afford I will But with supervition.Thanks,Have a nice day.

I am a mother of 3 and i really want to buy my kids all the things they want.BUT!but they have to know and learn the things how valuable money is.Its good that, that man is rich..but i think he should be given the expensive yacht when his daughter is responsible enough.

No, absolutely not. That is insane! Giving a gift like that to a teenager is screaming I'm rich and I am going to spoil my child as rotten as I can. Not good! I remember watching a show on a few occasions on either MTV or VH1 about a teen's 16th birthday party. They were always of the wealthiest families-one time a girl was flown to Paris with her mom and friend to buy clothes (they were from America). Insane! And then when the children want more, more, more and they act out when they don't get what they want, the parents are puzzled because they had thought they had all ready done enough to please their child. Nothing is attractive about a spoiled teen. And money sure doesn't make the parent look smart when spent in such ways. Clearly trying to make a statement, and one that merely says "I have more money than I know what to do with."

I think that your thoughts are right on! How is this to benefit a fifteen year old? Really? She doesn't even have a driver's license! Does she know how to power and maintain a five million dollar yacht? I think this is crazy. will her birthday present on her 21st birthday be a mansion? Perhaps a castle, equipped with servant and a butler? What does a wealthy man do, for his child on their birthdays? Often times, very wealthy people disregard the value of money because they have so much of it, value means nothing anymore. The last thing they have to worry about is the value of money. I think the best present he could of given her would of been a horse, if she doesn't have one already. This way she would learn responsibility and learn to ride!

I'm with you, that is ridiculous! Outlandish for sure, especially at that age. How many adults do you know have a yacht? And how will she learn the value of a dollar? Of course he's the wealthiest man in Queensland, so they probably don't have to worry about dollars the way the common person does. Of course that doesn't mean to say that one day they will lose their fortune. Many individuals who suddenly come into money, rarely know how to invest or conserve it so they usually end up losing their fortunes. Better to have enough to survive on than to go through financial ruin.

Wow, a AUD5 million yacht! That is something. Let just say wealthy people mind work in a different way. They can give a yacht, hotel or even an island to their children but in the same time, they can educate an heir to their throne. Well, sort of~~~ I can't say whether his daughter has respect for money or not since we don't know how she spend it.

hi mipen, you just said, he is the wealthiest. that material thing is nothing to him. i am sure that when he sees his daughter admiring the yatch, that is when the joy in his heart manifests. dont you wish he has adopted you? ann

of course not! i'm making my child a brat. can she even use a yatch at 15?!...maybe when she's 21 and provided that she has proven to me that she can be responsible enough to take care of herself and that million worth yatch.