This was just on our TV news a few minutes ago. I'll post a link when the story is posted on the net.
One of Australia's richest men just bought a $5million yacht for his 15-year old daughter - because she liked the TV and stereo system on the yacht.

During his TV interview he said (I'm paraphrasing) that he had recently bought a yacht for his wife, and now his daughter wanted one too. He said he didn't like the yacht at all, but his daughter did, so he bought it for her birthday.
Some people just don't deserve to be rich. And some people just shouldn't be parents. Sigh.
Hugs
Syd