Hey millionaires call us back when you make some REAL money! Out of the 7 billion people in the world only about 2,325 are billionaires which makes it a very exclusive club.Below we are going to step behind the velvet ropes and into the private jets, homes and yachts to see how these extremely successful and wealthy people spend their fortunes.And most importantly these luxurious items and lifestyles aren’t that of some rich Saudi prince, born into wealth. All these billionaires and their extremely glamorous and expensive lifestyles are all examples of where hard work and aspiration can get you.First up lets look at their
yachts. Ahem, excuse me I mean SUPER yachts.
Super yachts are basically floating resorts which have more luxuries and rooms than your average millionaires house. Only the very best of the most successful entrepreneurs and business people can afford to own and run a super yacht.
The Octopus is a 414 foot (126 m) super yacht owned by Paul Allen, co-founder of Microsoft.
The Octopus sports two helicopter pads (at the front and rear), it has a basketball court, a nightclub, a jet ski dock, 2 submarines and obviously a pool. It has more then enough room to hold and entertain 26 guests for weeks if not months.Weighing 9,000 tonnes Allen snapped it up for $200 million in 2003 and it costs $20 million a year to run.
The Rising Sun has a huge inside swimming pool, extensive wine cellar, cinema and a basketball court that doubles as a helicopter pad. It has suites for 16 guests and 82 rooms over five storeys. It is the 6th largest yacht in the world with a length of almost 138 meters (453 ft) and reportedly cost over USD $200 million to build.Previously owned by tech entrepreneur Larry Ellison, however its now owned by business, producer and film magnate David Geffen
Billionaires not only have large and expensive car collections, they also have the power and the money to fly their four wheel toys straight to their doorstep.
Ralph Lauren, America’s richest fashion designer with a net worth of $7billion flew his silver RUF CTR-3 Clubsport (described as Porsche 911 ‘on steroids’) from Germany to New York’s JFK airport by cargo plane.
From being born in the Bronx to not having the patience to wait for your $769,000 sports car to arrive via shipping (because when your a billionaire you can) how times have changed for Ralph.
Of course with that price tag it has bespoke bodywork, produces an insane 750hp and can sprint to 62mph in just 3.1 seconds before hitting a top speed of 233mph.
You can checkout Mr’s Lauren silver one of a kind super “Porsche” in the left of the below gallery.
Also in the gallery is a black and gold custom Audi R8 (the black and gold combination just screams class, wealth and style) similar to the one owned by Wall street entrepreneur Michael Bloomberg ($34 billion) and a black Mercedes-Benz SLR McLaren similar to the one owned by real-estate billionaire Donald Trump ($4 billion).
The one thing in common these cars have is they are all owned by New York billionaires. New York is home to the highest number of billionaires (largely because its know as the financial capital of the world) so on any day in New York you can expect to see such glamorous displays of wealth cruising the streets.
|Ralph Lauren’s $769,000 RUF CTR-3 Clubsport||Custom Audi R8 simular to the one wall street entrepreneur Michael Bloomberg drives||Mercedes-Benz SLR McLaren simular to the one owned by Donald Trump|
Billionaires with all their extreme wealth can afford the best amenities to complement their driving experience.
Luxury apartments now feature car lifts which take the inconvenience out of parking your car in the basement then getting the lift to the penthouse. Now theres no more lugging your golf clubs into the lift after spending a day on the course (a golf course which you probably own that is).
Luxury apartments where there’s a garage attached to your apartment. An elevator takes your car right up to your living room!
A must for a billionaire is a private jet, owning a private jet is a status symbol. Sure musicians and A list hollywood celebrity’s fly in a private jet from time to time, but its only the super successful that can actually afford to own the most luxurious and convenient form of transport.
Shout-outs from rappers has made the Gulfstream G650 the most famous and prestigious of all private jets. Rapper Drake famously bragged “I know g4 pilots on a first name basis” in the song “Forever” and Far East Movement responded in their song “Like a G6” which glamorised a exorbitant high flying lifestyle.
With owners like Oprah Winfrey, Warren Buffet, and Ralph Lauren make the G650 a quintessential for business and the G650 is regarded as the roomiest, most comfortable and fastest of type of private aviation. The G650 can fly nonstop for a little over 7,000 nautical miles (12,964 km). That means this jet could fly round trip from New York to Los Angeles and still have power leftover to hop over to London.
Costing $65 million, it features room for 18 passengers on board and high-tech luxury interior including a full bar and kitchen. It can also cover any two points on the globe without a fuel stop.
Private jets aren’t a luxury, they are a necessity, according to billionaire Mark Cuban.
Internet billionaire Mark Cuban bought a $40 million Gulfstream V online, sight unseen in 1999 which is the largest electronic-commerce transaction ever.
Cuban now has three private jets. The Gulfstream 5, a Boeing 757 for his NBA team (the Dallas Mavericks) and a 767 he rents out for charter.
When questioned about having a private jet as a necessity Cuban says, “It means I have more hours in my day to spend with friends and family. It means I can get more work done. It means I can travel comfortably with my family. It’s a life- and game-changer.”
So according to Cuban, having a jet with wood imported from the ivery coast and 24 carrot gold cup holders is the only way to fly. True fact!
So when you have made your billions, how do you keep them? Investing them in property, specifically property in taxhavens such as Monaco on the French Riviera of course. Odeon Tower which is due for completion in 2015 will have the worlds most expensive apartment priced at $428 million.
The $428 million penthouse has a water slide attached to its affinity pool, 3 floors of uninterpreted views (5 floors in total) , gym, sauna, cinema, library, whisky bar and billiard room, plus a master bedroom the size of two and a half tennis courts. Of course tables will be upholstered with stingray skin and the shelves crafted from ebony.
Larry Ellison’s Japanese-style estate (in Woodside California)
Mr. Ellison’s Woodside (California) estate is modeled on a Japanese emperor‘s 16th-century residence and is estimated to be worth $70 million.
It has a 8,000-square-foot main house with two wings, a guest home, three cottages and a gymnasium as well as a 5-acre man-made lake, two waterfalls and two bridges. There are hundreds of mature cherry, maple and other trees which were planted among nearly 1,000 redwoods, pines and oaks.
It has 10 buildings, a man made lake, a tea house, a bath house and a koi pond
Larry Ellison is the tech entrepreneur of the software company Oracle, he is the third-richest American with a net worth of $33 billion
This Japanese-style estate only one of Ellison’s many multi million dollar properties (including one with a private, 19-hole golf course).
Billionaires not only can afford to holiday the most tropical, luscious and secluded private islands…they actually own them!
Among entrepreneurial billionaires to own their own private islands are
- Sir Richard Branson ($4.2 billion) : Necker island (Virgin British isles)
- Bill Gates ($81 billion) : Grand Bogue Caye island (Belize)
- Dietrich Mateschitz of Red Bull ($5.3 billion) : Laucala island (Fiji)
- Giorgio Armani ($9.4 billion) : Skorpios island (Off the western coast of Greece)
Other popular holiday destinations are:
Monte Carlo, Monaco
The original playground of the ultra-rich with its glamorous hotels, world-class restaurants and of course the opulent Monaco casino. Monaco in a small area of France’s coastal region bordering the Mediterranean Sea and has become a vital part of the European economy thanks to luxurious tourist attractions as well as very favourable tax laws.
Monte-Carlo has perhaps one of the most expensive and exclusive shopping locations in the world. There are multiple stores of Prada, Hermes, Louis Vuitton and Yves Saint Laurent and every high end car dealership you can imagine. That’s saying a lot for the world’s second smallest country.
Between great skiing in the winter and sunny skies at Lake Zurich in the summer, Zurich is a yearlong hot spot for the affluent. Zurich was named city with best quality of life in the world and is the wealthiest city in Europe (after all “rich” is actually part of its name).
Zürich has a rich cultural tradition. In addition to high-quality museums and galleries, Zürich has high-calibre chamber and symphony orchestras and several important theatres.
Zürich is a leading financial center and is the area with the most Swiss banks headquarters (which means allot of tax free money flows through the economy).
A vibrant nightlife, a rich cultural history, pristine ski resorts and many luxury hotels make Zurich a top destination for a billionaire getaway.
Eating & drinking
Billionaires can dine in the finest restaurants for every meal. Spending a few thousand dollars on a bottle of wine is nothing to them
Le Meurice and Restaurant Le Dali
Le Meurice is a hotel in Paris France which feature two of the city’s finest bars and restaurants (Restaurant le Meurice, and Restaurant Le Dali).
Highly acclaimed by food writers worldwide, Restaurant le Meurice is a three Michelin starred restaurant and is a magical place where you will taste forgotten classics, rediscover original ingredients and enjoy the harmonies of French fine-dining overlooking the Tuileries Garden.
Le Dali is situated under a magnificent ceiling mural with four low-hanging crystal chandeliers, a epic carved marble fireplace, double-barrel marble columns with gilded capitals circling the room. The restaurant has tall antique bevelled mirrors in each corner, rare marble and fabulous furnishings and features.
If you just want to wind down with a drink, bar 228 features deep leather armchairs and dark woodwork make an ideal setting for socialising and enjoying exclusive cocktails…
Ithaa Undersea Restaurant
Ithaa, which means mother-of-pearl in Dhivehi, an undersea restaurant located 5 metres (16 ft) below sea level at the Conrad Maldives Rangali Island in the Maldives. Offering a very unique and exclusive dinning experience with spectacular 180 degree under waster views.
Wearing nice fitting and well made cloths can make you feel like a million dollars. When you look good, you feel good and that is the key to success. Billionaires however take things to the next level of-course.
Black Diamond Dress
This is the worlds most expensive dress. Made with 50 two carat black diamonds and white diamonds it is sewn using gold thread.
The dress is handmade by British designer Debbie Wingham and took six months to make and at a $5.4 million price tag, it is her most extravagant to date.
Savile Row – Famous bespoke mens fashion street
Savile Row is a street in the London suburb of Mayfair (yes, the most expensive spot on the monopoly board) known as “golden mile of mens tailoring”. Bespoke suits from Savile Row usually cost upwards of $5k depending on the cloth/materials used, the tailor and the style.
Billionaires can afford to have their suits made exactly to fit in preciously the detail, style and material they want. They wouldn’t be caught dead in a suit off the rack.
Know for unstinting quality the streets famous designers include Norton & Sons, Gieves & Hawkes, Kilgour, Hardy Amies, Huntsman, Richard Anderson, Bernard Weatherill and Richard James. Suits take 8 – 12 weeks and are generally mostly hand made so customers always look at least a million dollars or more.
10. Excessive Personal Entourages
It is completely understandable that rich people want to have faux friends surrounding them, but having to pay for these people is just despicable. Some entourages will include personal assistants, drivers, and bodyguards, but they act like friends or family, not employed individuals.
It’s understandable that rich folks are generally busy doing what they do and so they hire assistants. But for the Ultra-Rich, the concept of help has reached ridiculous levels of hedonism. Take mega superstar Mariah Carey. You might not be a Mariah fan, but her work has allowed her to amass a fortune that has an estimated value of $500 million. With that wealth, Mariah has taken the concept of luxury to new heights. Ms. Carey employs a battalion size staff that literally caters to her ever whim (whim, not need mind you). The woman has an assistant whose sole job is to carry around sanitary hand wipes to give to Carey after she shakes hands with anyone. It is reported that she even has an assistant who has the responsibility of telling Mariah how beautiful she is every morning and several times throughout the day. Now that’s a Diva! Then of course there is the globetrotting and mega film starlet Angelina Jolie. With a personal fortune valued at $100 million, Ms. Jolie (and able companion Brad Pitt) employs a small legion of assistants to help her. This includes a gaggle of nannies (of different nationalities to match the nations of birth of her adopted kids), at least 4 nurses and a doctor, a couple of personal assistants cooks, maids, cleaners, bodyguards and the like. The Ultra-Rich value their time and hire other folks to take care of mundane tasks associated with living life, while they can pursue more important tasks.
9. Professional Sports Teams
A lot of rich people have spent millions, and sometimes even billions, of their fortune on a professional sports team. Apparently, owning your own football team is very important to those with money. In reality, no fan actually cares who owns the team.
A lot of us are sports fans- we love our basketball, football, baseball, etc. We go to the games and we sport the team apparel in support. And that’s about it. Only big boys (and girls) have enough paper (that’s money for those of you who aren’t hip) to purchase their very own professional sports team. What sports fan hasn’t wanted to be the ‘the man’ of their favorite franchise and be able to chart the winning course! For most of us, this is about as likely as hitting the lottery. But for a very select few, the dream is a reality: for a very steep price. You have to be insanely rich to afford a franchise in one of the three major American sports (football, basketball and baseball). Take the Dallas Cowboys of the National Football League as an example. Dubbed ‘America’s Team’, a fan and businessman Jerry Jones bought the Cowboys in 1989 for a hefty price (at the time) of $150 million. With personal net worth at about $1.8 billion (he made his money in oil) this was a pretty good deal for him because in this exceptional case the stadium was included. That move allowed him to maximize his profit potential once the team improved its play on the field and the fans started to return. Today, that $150 million investment is worth $1.8 billion, as the latest assessment values the Cowboys. Microsoft co-founder Paul Allen (worth about $13 billion) owns two professional teams. In 1988, he bought the National Basketball Association’s Portland Trailblazers for the cool sum of $70 million. Nine years later, he dropped another $200 million for the NFL’s Seattle Seahawks. Today, these investments are worth $356 million and $994 million, respectively. Consequently, the price to attend a professional sports event has skyrocketed. Between player’s salaries and the insane cost of the franchise itself, owners are diligently working to recoup on their investments.
8. Media Outlets
People like Oprah Winfrey spent their fortunes to purchase an entire media outlet to boost their fame and bank accounts even further. Anyone who is a talk show host or a singer can purchase one these days, it would appear.
If you want to make money and you’re a public figure or entertainer (i.e. talk show host, singer, etc.), then your horse is usually tied to whichever production company is willing to support you. Sure, if you’re successful, you will reap a benefit; but the vast majority of the funds you generate are going to go to the company you work for. The solution to this (as well as the ability to chart one’s own creative and visionary course) is to own your production company. Of course this is easier said than done – the large media conglomerates hold a monopoly on any type of real control in this arena. It takes real money and leverage to do otherwise. Enter craft master Martha Stewart. The former caterer has turned her culinary/ home crafts skills into a multi-billion dollar industry by taking control of her business ventures. By consolidating her various enterprises under the umbrella of her media company, Martha Living Ominimedia – Ms. Stewart has amassed a net worth of $600+ million. Martha owns her own magazines (Martha Stewart Living and Martha Stewart Weddings), produces and markets her television show (Martha StewartLiving), and markets/sells a whole slew of product lines. Then of course there is Oprah. With a staggering net worth of $2.4 billion, Oprah Winfrey is one of the most powerful and influential media personalities. Her Harpo Productions has long produced her award winning and highly rated, The Oprah Winfrey Show, as well as other media projects. This cash cow (and other ventures such as her own magazine ‘O’), has allowed Ms. Winfrey to take another step in media dominance as she has purchased her own cable TV network. Christened OWN (Oprah Winfrey Network, natch), the cable channel (a 24/7 affair of Oprah inspired entertainment) allows Oprah to do what she wants, how she wants. And keep all the money if it works!
7. Ultra-Extravagant Weddings
Wedding prices are going up in today’s market, and that is all thanks to people spending far more than they can afford on an ultra-extravagant wedding, which tends to include personal entertainment, rare flowers, and more. Some of these weddings cost up to $100 million.
Marriage is a special commitment and getting married is a special occasion. The average wedding in the US will set a normal couple back about $24,000. Personally, I thought that figure was a little on the high end – but I’m cheap. For the Ultra-Rich, $24,000 probably wouldn’t pay for the flowers. Take the wedding of Sheik Mohammad bin Zayed bin Sultan Al Nahyan (whew!). This gentleman is the crown prince of Abu Dhabi and he was getting married (to a princess, in fact!). Well, when you’re a prince of a very oil rich nation, no expense is to be spared for something as special as marriage. His parents commissioned for a 20,000 seat stadium to be built for the occasion. The total cost for what turned into a week-long celebration (the prince visited and fed the residents of every town in the small country) was close to $100 million (when adjusted for inflation – this took place in 1981). Of course there was the very lavish wedding of Prince Charles and Princess Diana. Royalty do weddings like no other and this international event had a $32 million price tag. With spectacular carriages, an amazing ceremony in historic churches, custom designed wedding dresses, military regalia, and the entire world watching – the event was billed as the marriage of the century. Unfortunately, it didn’t last, but it was truly a fairy-tale wedding event.
6. Legacy Endowments
A Legacy Endowment seems quite pointless to many, but these are basically rich people spending large amounts of their personal wealth on lasting causes, such as schooling or renewable energy. It is commendable.
“With great power, comes great responsibility.” Granted, I believe that Stan Lee wrote these wordsfor Peter Parker (aka Spiderman) back in the 1960s, but the sentiment applies to those of great wealth as well as superheroes. In most cases, perhaps surprisingly, the Ultra-Rich step up to the plate and invest a good deal of their financial resources to lasting causes. While some could argue that the point behind so-called legacy endowments is to maintain one’s name into perpetuity – the end result is still worthwhile. One of the first such endowments was the legacy gift left by business mogul Andrew Carnegie back in 1910. He endowed $10 million to a trust for the purpose to” hasten the abolition of international war.” Today, we see a good deal of work in the area of endowments being done by multi-billionaires Bill Gates and Warren Buffet (through the Bill and Melinda Gates Foundation). Based on the concept that “every life has equal value” the gates Foundation funds a slew of grants that seek to improve the living conditions and opportunities of people around the world. This particular endowment is valued at $37 billion and has handed out well over $24 billion in grants since its creation. Indeed, Mr. Buffet has stated that he intends to leave his entire fortune to the foundation upon his death. I don’t know how his heirs feel about this, but that’s certainly a charitable contribution considering his net worth is $50 billion. No doubt his legacy is one that will stand the test of time.
5. Election to Political Office
Obviously it costs an incredible amount of money to run for political office, and the likes of Donald Trump have recently shown us exactly what someone with billions can do with this country. Some political representatives are worth tens of billions these days.
The Ultra-Rich get ultra-bored. When making money, which these folks are obviously very good at, becomes ho-hum; the Ultra-Rich turns their sights to other pursuits. For some, government service in public office becomes a worthwhile endeavor. To their credit, they aren’t doing it for the money – we all know that government service doesn’t pay what these guys can make in a day. Whatever the personal motivation, some of the Ultra-Rich have been very successful in the political arena. The current mayor of New York City is a shining example (check the video above – 5 minutes in). Michael Bloomberg is listed as the 8th richest person in America, with a portfolio that is valued in the $18 billion range. By far, he is the richest person holding public office. Of course, we would be remiss if we didn’t mention the terminator and former governor of California, Mr. Arnold Schwarzenegger. The box-office superstar has a net worth somewhere in the area of $800 million. Of course, there have been other less successful forays into public service by the Ultra-Rich. Perhaps the most well-known are the presidential runs of self-made billionaire Ross Perot. While Mr. Perot did manage to secure 20% of the popular vote when he ran in 1992; he failed to earn a single of the all-important Electoral College votes (though he spent a good deal of his own money in the attempt). There is also the example of Ronald Lauder, heir to the Estee Lauder fortune (and a personally worth of about $3 billion). Mr. Lauder made a run for the mayor’s office in New York City in 1989, but lost the contest to Rudy Giuliani. What’s interesting however is where Mr. Lauder cut his teeth at government service – first at the Pentagon, then as the US ambassador to Austria. Not too shabby at all.
4. $100+ Million Homes
How often do you take the time to simply explore your home? Almost never, because there really is no need to. You only need a kitchen, living room, and a bedroom in most cases. The super rich spend hundreds of millions on luxurious homes with rooms they’ll never set foot in.
Perhaps the most visible and important symbol of wealth (Ultra or otherwise) is the home that one owns. You might not live there, but you better have a crib that’s worth some serious dough if you want to be in the Rich and Famous club. The Ultra-Rich, of course, take this concept to the next level. The Ultra-Rich have homes that could house a small country in terms of size. Aaron Spelling’s home in Los Angeles, for example, is 56,000 sq feet! With over 120 rooms, it sits on 4.6 acres of prime LA real estate. And with a $150 million price tag, it can be yours if this fits your lifestyle. Bill Gates’ lakeside home in Medina Washington is said to be a technological wonder befitting something out of Star Trek (or the tech whiz persona of the Microsoft co-founder and billionaire). Named Xanadu, the Gates family home measures out at an impressive 66,000 sq ft and is valued at about $147 million. While the Gate’s home has all of the normal trappings of a mansion – lots of rooms, libraries, etc; the features that garner the most attention are tech based. One in particular requires all guests to wear a special pen that allows the home to tailor certain features of the home to the wearer’s preference – such as room temperatures, music, etc. On the extreme end of this future home is the house of Mukest Ambani, the 9th richest man in the world and head of Reliance Industries in Mumbai. His future home, which he has christened “Antilla”, will cost an estimated $2 billion! And this is not just another run of the mill super mansion. No sir! Mr. Ambani is building himself a tower. Planned to reach upwards of 550 ft, the home is said to be based on the well-known Mumbai Tower. Every floor is to feature a different design, with no two being the same. With over 400,000 ft of planned interior space, we can expect that every luxurious feature will be available upon its completion.
3. Super Yachts
Super Yachts are a very specific luxury that happens to be quite popular these days. Some of these boats can range well into the 500 feet or more. They house entire helicopter pads, screening rooms, bowling alleys, and more.
The Ultra-Rich only deal in the grand and this definitely includes the yachts that spark their interest or even get their attention. Super yachts, by definition (and I looked this up), is any yacht that measures 80 feet or longer. Well, the Ultra-Rich find the number meager. At least Roman Abramovich (the Russian billionaire business tycoon) does: he happens to own the largest yacht (at least currently) in the world. His super yacht, the Eclipse, measures out at 531.5 feet. This, of course, to go along with his 282 ft yacht, the Ecstasea; and the 377 ft yacht, the Pelorus. It’s best, apparently, to have a set of yachts. The second largest yacht in the world, the Dubai – coming in at 526 ft – is owned by one of the richest men in the world (some say richest), Sheik Mohammed Bin Rashid al-Maktoum, the Ruler of Dubai. These super yachts are literally homes that float. Private gyms, luxurious bedrooms, helicopter pads, full staff, submarines, jet skis – you name it, these super yachts have it. And the price? Well, these babies fall in the $19 million plus range. But as they say, “you get what you pay for!”
2. Luxurious Submarines
It takes a special kind of rich person to spend their wealth on a personal luxury submarine. Submersibles are becoming more popular and frequently used to explore the oceans these days, but only the really rich can afford to get in one.
Submarines. Really. Apparently yachts are no longer the sole nautical symbol of extreme wealth. It seems that the Ultra-Rich are now very interested in doing their best impressions of Captain Nemo and have taken to the depths of the world’s oceans and seas. But even Jacque Costeau would marvel at the technological wonder of these modern-day submersibles for play. And believe me, these are toys that only the rich can afford. Super venture capitalist Tom Perkins had to lay down a cool $1.5 million for his Super Falcon sub, just to give you a hint. Subs bring a whole new dimension to scuba diving – which is pretty much the extent of what these vehicles are used for (these vehicles are large enough for 1 to 4 people). For the most part, the folks who can afford these personal subs include them as an extra feature with their Super Yachts. Microsoft co-founder and multi-billionaire Paul Allen has two subs on his super yacht, the Octopus. Though one has to wonder when someone will buy an actual full size submarine and trick it out. Hmmm…
1. Personal Islands
Purchasing a personal island is basically the last thing a super rich person can accomplish. Mel Gibson, for example, handed over $15 million for Mago Island. David Copperfield, the famous magician, owns a string of islands in the Bahamas.
The wealthy tend to value their privacy and nothing (really!) can be more private than your very own island. Picture a tropic getaway: beautiful weather, crystal clear water, sandy beaches… all nestled away on a small speck of land in the middle of the ocean. Surprisingly (at least to me), real estate of this nature is available for purchase – if you have that type of cash to afford it. Mega superstar Mel Gibson ponied up $15 million for his Mago Island (located in Fiji), while the Magic Man himself, Mr. David Copperfield (who pulls in a whopping $57 mil a year) owns not one, but a slew of small islands in the Bahamas. The prices for tropical properties surrounded by water vary – depending on location, development and access; purchasers will spend in the neighborhood of $3 to $25 million. But just think – unless some natives come along with the property (which would be kind of cool – that would make you a king or something wouldn’t it??) – having an island affords one with a level of privacy and peace that would be hard to capture anywhere else.