Meet The Man Who Spent $9 million on a license plate

For high-rolling drivers in the United Arab Emirates, no car is complete without a single-digit license plate.
The oil-rich country's wealthy elite are willing to drop millions of dollars to get their hands on one.
Dubai property developer Balwinder Sahni wanted a highly coveted plate bearing the number 5. He wanted it so much, he bid 33 million dirhams ($9 million) for it at a government auction earlier this month.
It was one of the largest sums ever spent on a license plate, although still lower than the $14 million record set in 2008 by an Abu Dhabi businessman.
It's also not the first time Sahni has spent serious money on a license plate. He secured a No. 9 plate with a winning bid of 24.5 million dirhams ($6.7 million) at a government auction last year.