A $15 Million Dubai License Plate Just Set a New World Record

• A new world record has been achieved for the title of most expensive license plate at 55 million dirhams ($15 million).

• The license was sold in a government-run charity auction in Dubai.

• Proceeds from the auction will go to Sheikh Mohammed bin Rashid's global food aid initiative, the 1 Billion Meals Endowment.

As the great poet (don't fight us on this) Kendrick Lamar rapped in his 2017 song Humble, "It's levels to it, you and I know." He may not have been referencing levels of wealth, but we are. The level of wealth maintained by unnamed oil tycoons is more than most of us can even fathom. What can oil-tycoon money buy you? We hear you ask. How about a world-record-breaking $15 million license plate?

According to a report by Bloomberg, at 55 million dirhams, the equivalent of $15 million, that's exactly what one unnamed wealthy bidder in Dubai recently paid for the license plate P 7. The plate was sold on Saturday in an auction put on by the Emirates Auction. Proceeds will go to Dubai ruler Sheikh Mohammed bin Rashid’s global food aid initiative, the 1 Billion Meals Endowment.