French President Nicolas Sarkozy seems to be living like a king, as a new book claims that he splurges about $16,000 per day on food and owns 21 cars that are kept at his Elysee Palace.

Sarkozy's 21 cars are insured for $ 159,100 and he pays fuel bills of about $437,525, according to the book titled L'argent de l'Etat (Money from the State) by socialist MP Rene Dosiere.

In the book, the socialist also claims that Sarkozy's annual expenditure on flowers is close to about $ 318,200 while the total cost of household bills annually of his rented Elysee Palace is said to be $160 million.

The author has accused Sarkozy of ignoring the most elementary principles of separation between private and public accounts in the book and says that the President doesn't think before spending lavishly about $127,280 on day trips.

Have a peep into Sarkozy's luxurious lifestyle in a few pictures below: