 Farouk's biographer, William Stadiem, wrote about how the king in 1950 "...went on the most excessively lavish, self-indulgent bachelor party in the annals of sybaritism.In 1950, Farouk's fortune was estimated to be about £50 million pounds sterling or about US$140 million, making him into one of the world's richest men, and a billionaire many times over in today's money.Farouk's wealth and his lifestyle made the center of media attention all over the world.