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Wow! It cost that guy over 2500 euros to get dressed in the morning!!! 
If you look closely at his polo shirt, and the one from Tommy Hillfiger, you will see that it isn't the same polo shirt. And I would think the same goes with the glasses and shorts...
This said, yes, his parents had money. But he would give his money, his shoes, food would go scarce, etc.
I am not saying he is a Saint at all, but he was a good, holy teenager. He couldn't help the fact that he was born to parents with money...