One Los Angeles-based billionaire is making a serious grab for the title of "King of Instagram" while showing off his incredibly lavish lifestyle on the social networking site. 

Tony Toutouni, who uses the handle @lunatic_living, has amassed three quarters of a million followers in only eight months of being on Instagram and has no plans of slowing down anytime soon.

"What man in this world can't say this isn't the lifestyle they want to live?" he tells The Mirror. "It's a lifestyle that every man wants to live and I enjoy living it."

Toutouni, whose trademark pose seems to be flipping off the camera, has an Instagram page overflowing with pics of boatloads of cash, high-end sports cars, private jets, and of course women -- lots and lots of scantily clad women.

Tony reveals he made his riches after purchasing a Hollywood nightclub when he was just 19 years old.

"It became very successful and so I sold it and purchased another one," he said. "I also invested in car dealerships and different ventures -- restaurants, bars. I'd build businesses to be successful and then sell them for a profit."

Check out a few of Toutouni's Instagram pics up top. Does he deserve the title "King of Instagram"?

Source: Mirror / Instagram