Pankaj Parakh, a municipal corporator, wears a shirt made of gold as he walks with his bodyguards to attend his birthday celebrations in Yeola, in the western Indian state of Maharashtra August 8, 2014.

An Indian textile magnate has taken "spoil yourself" to a new level.



Pankaj Parakh owns a pure gold shirt worth about £127,000 (roughly $213,000) that was custom-made for his 45th birthday, The Independent reported. The shirt, made out of 18-22 carat gold, weighs more than four kilograms (nearly nine pounds), The Independent wrote.

Read MoreHow to get rich? Serve the rich consumer

Apparently, Parakh is not a trend setter. Another man spent £14,000 (roughly $23,500) on a gold shirt last year, The Independent said.

Read The Independent's full story here.

— By CNBC staff