03/17/2011 at 04:58 PM EDT
Meet the World's Most Expensive Dog. A Tibetan Mastiff named Hong Dong has recently earned that title after being fetched by a Chinese multimillionaire for the unbelievable price of $1.5 million.
The 11-month-old pooch, whose name means Big Splash in Chinese, weighs 180 lbs. and is 3 ft. tall.
"He is a perfect specimen," his breeder, Lu Liang, told the Telegraph
. "The price is justified. We have spent a lot of money raising this dog, and we have the salaries of plenty of staff to pay."
Big Splash has already gotten used to an upscale lifestyle: He was fed chicken and beef that was flavored with sea cucumber and abalone.
Tibetan Mastiffs used to act as guard dogs for nomads and monks in Tibet, but now, they've become status symbols for China's wealthiest. See more amazing pet stories on PEOPLEPets.com:Polar Bears Say Hello, Up Close, Thanks to New Camera Euthanized Puppy Comes Back to Life – and Awaits His New Home