The Colosseum was built at the site of the Domus Aurea, meaning Golden House: this was a palace that belonged to Nero, who was notorious for his extravagant and decadent lifestyle. The Colosseum is also called the Flavian Amphitheatre, but the name Colosseum is more popular and derived from a large statue of Nero, which was inspired by the Colossus of Rhodes. The Colosseum could seat 50,000 to 80,000 people and is one of the New Seven Wonders of the World.