While applications like NetShare continue to fail Apple’s strict approval process, there are plenty of “questionable” applications that seem to make it through just fine. The latest breed of the bunch is an application called I am Rich.

I am Rich, priced at a whopping $999.99, is an application that does nothing but show a red gem on the screen. It is being pushed by developer Armin Heinrich as an application for the elites.

The red icon on your iPhone or iPod touch always reminds you (and others when you show it to them) that you were able to afford this.

It’s a work of art with no hidden function at all.

After pressing the (i) on the main page, a secret mantra will be shown. This may help you to stay rich, healthy and successful.

Let’s hope Apple takes down the application as soon as possible, especially considering how easy it is to accidentally buy apps from the app store.

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