As the old saw goes, "I've grown. You've changed. He sold out."
I'd venture to say that a $60k Cobra represents more wealth, net, to a citizen of Haiti or Somalia than this ridiculous bauble does to any average US citz. So it's all relative and, generally being a free world, Sheik Babar is as free to spend his pocket change on these things as we are. Whatever you're muttering about him, someone a lot further down the ladder is muttering about
you.