We’ve made it supremely easy for those who put this column in the Fake News category. It turns out the Gulfstream 650ER registered (tail number N16SA) on May 8 to the Bank of Utah and currently on blocks at Malé International Airport does not belong to Spotlight, Anaconda and Home Consortium billionaires Morry Fraid and Zac Fried. Presumably the haberdashery, camping and commercial property Rich Listers are quite content with the 2009 Bombardier they purchased in December 2016. And why wouldn’t they be?!

The new wings actually belong to another Melbourne billionaire family, the Munzs of plumbing supplies fame. Jonathan Munz (53rd) is the near neighbour of Fraid (50th) on the Financial Review Rich List, worth $1.58 billion after the 2016 float and subsequent sell down of Reliance Worldwide.