The LA Times recently reported that eight people who bought the useless application called I Am Rich which cost $999.99 for every download. These eight iPhone users have already downloaded and purchased the expensive application before Apple Inc. removed it from their latest App Store.

The eight people who downloaded the I Am Rich application include six people residing in America, one in France, and one in Germany. However, not everybody was shocked with this. Everybody knows that there are numerous people who can afford and waste their money on an application that does nothing except display a glowing red gem and your mantra (whatever that means).

What’s more interesting is that the creator of the application, Armin Heinrich tried to reason it his application. He said in The Times that the price of the I Am Rich application is still acceptable. This is because App Store gave a rule that the maximum amount that a developer can charge is $1,000.

So what exactly did you get for your $999.99? Check out the video below.

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