He probably owns a couple of expensive bicycles - people who ride those "fancy" name brand bikes have no idea how much carbon fibre parts should cost !!
A case in point is a mate of mine who has a large collection of expensive bikes was showing a couple of us his new toy (some hand built titanium framed fixed wheeler imported from Russia via the UK). We noticed a couple of the bikes had the most uncomfortable looking carbon fibre seats that probably fitted quite nicely between the cheeks of his arse (I know it's a horrible image) and wouldn't have weighed more than 100g I reckon.
Those 2 seats range in price from $650 to $800 each and the carbon seat posts are about $150 to $200 for about 30 or 40cms of carbon. When asked if the seats and posts were interchangeable he said yes but couldn't really answer why he had 2 when he can only ride on one of the seats at once except that one was red and the other was black.

He still didn't bat an eyelid when I informed him that my new 430cm - 1.9kg RDM carbon fibre mast cost a hell of a lot less than his tiny seat did and was made of the same material.
He did agree that bike part suppliers DO take the piss when they see a lycra clad wallet walk through the door.....

And we think that our gear is expensive........