Let’s say you won the lottery. What’s the first thing you’d buy? Whatever it is, it must be some grand thing that you’ve always wanted to own, but is miles away from your budget.
For the world’s richest, these grand assets aren’t just some items on a wish list. Since they can afford whatever they set their sights on, why not go ahead and acquire them?
Just by mentioning the words “world’s richest,” some names must have popped up in mind. The likes of Jeff Bezos, Bill Gates, Mark Zuckerberg, Elon Musk – we could go on and on. And while some of these individuals have been known to be frugal, you do know that the term is relative, right?
The one thing that almost all individuals with serious bank seem to enjoy has got to be private flights, no wonder most of them own private jets. These birds can cost as much as north of $90 million, and Business Insider has even reported that owning one is the recluse of those worth at least $50 million.
Entrepreneurs who own them argue that buying a private plane isn’t that much an endeavor geared towards luxury but that of saving time. Flying commercial has its challenges, ones that these moneyed individuals would rather do without.
Jeff Bezos, who just lost his spot as the richest man in the world to Bill Gates, bought his G650 ER Gulfstream for a staggering $65 million. For a guy worth $108 billion, writing this check hardly made a dent on his bank account.
Tesla CEO Elon Musk also enjoys the luxury of flying private, parting with $70 million for his jet, a similar model to the Bezos owns. The $5 million difference could be because Musk included custom made specifications in his order.
Bill Gates also features on the jet owners list, his reportedly going for $40 million. Not known for being a spendthrift, the Microsoft co-founder has described the jet as a guilty pleasure. It’s his money though, right? He can spend it however he sees fit.
Oracle Corporation’s Larry Ellison owns several jets as well, but his are somewhat peculiar. They’re all fighter jets decommissioned from the military, an SIAI-Marchetti S.211, and a Mikoyan MiG-29.
And while we may want to believe that these high-end purchases are a time-saving affair, sometimes these guys acquire stuff just because they can. Back in 2013, Musk spent almost $1 million at an auction. It must have been a pretty important item on sale, don’t you think?
Except it was not. He bought the Lotus Espirit used in the 1997 James Bond movie, displayed in the film as a car that could transform into a submarine. Musk acquired it to try and see if he could indeed make the transformation in the movie happen in real life. Billionaires, huh?
But while purchasing private planes, vacationing in luxury yachts and the like may seem extravagant, there are billionaires with other inspired impulses. Michael Dell, for example, collects rare photos and currently has a collection worth $100 million.
Bill Gates has a $36 million Winslow Homer painting, and the man also owns a Leonardo da Vinci manuscript worth $30 million.