Status symbols have always meant a lot to certain people who can (and sometimes even can’t) afford them. The iPhone used to be considered such a symbol when it was first released. However, time has passed, the price has decreased, and more and more iPhones are showing up in the hands of consumers. And in the iPhone’s place, a new status symbol has emerged: the “I Am Rich” app, available¬†in the App Store for $999.99. What does this application accomplish? Absolutely nothing. As a screenshot below depicts, “I Am Rich” simply displays a picture of a red diamond to demonstrate all your wealth to the world.

The Most Expensive iPhone App

Ever get in an argument over who’s the richest?¬†Just whip out your iPhone and flash “I Am Rich.” That’ll shut ’em up!