MTV used to have this show called Cribs where celebrities showed their house around and cars and everything. Basically bragging about their rich life. I have the same feeling opening this site. Maybe we need an MTV Cribs SV edition.
FWIW he justifies it further here: part of his job, as he saw it, was to show up in public looking like a guy who could afford brand new clothes whenever he was seen, and he had a public appearance of some kind every day. The interviewer also mentions at the start that it came up in his episode of Cribs, so I'm pretty sure that's the one you're thinking of. https://www.youtube.com/watch?v=DEQvb6hCtog