If there's one thing ridiculously rich people are good at, it's wasting money. And this list of potential gifts for the world's most spoiled children is equal parts depressing and hilarious. Just check out this $10,000 teddy bear made with black Tahitian pearl eyes, white alpaca fur and a 10k diamond necklace on a gold chain.
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It the kid insane, or the present?
It's not "insane", it is merely YOU wanting to do something else with the money and being jealous that you don't have it.
Poor people do more stupid things with their money that the rich, which is one reason why they are poor. You don't see many rich people playing the lottery or collecting beanie babies.