Living the $100 Million Net Worth Lifestyle: How the Super Rich Spend Their Money
Being wealthy is something most people aspire to, with the idea of being able to afford a luxurious lifestyle being a dream for many. However, what happens when you have more wealth than you could ever know how to spend? For the super-rich, living a $100 million net worth lifestyle is a reality – but how do they actually spend their money? From luxurious yachts to private jets, here’s an insight into how the super-rich indulge in their wealth.
The Private Jet Life
For the ultra-wealthy, the luxury lifestyle starts with transportation. Private jets are the transportation of choice for the wealthy elite. Flying privately saves time and gives individuals more control over their travel schedules. It also means avoiding the hassle of commercial airports and security checks. The cost of owning a private jet can range from $2 million to $200 million, depending on the size and customization. Furthermore, private jet owners also need to consider the costs of maintenance, crew, fuel, and storage.
The Mansion Life
A $100 million net worth is synonymous with living in a mansion. These properties come with all the luxuries, including multiple master bedrooms, infinity pools, games rooms, bars, cinema rooms, gyms and tennis courts. For the uber-rich, owning one property is not enough, with some owning multiple homes around the world. For example, Bill Gates owns a $125 million compound in Washington, a ranch in Wyoming, and a beach house in California. Similarly, Amazon founder Jeff Bezos owns multiple properties, including two pre-war apartments on New York’s Fifth Avenue worth more than $96 million and a Beverly Hills estate that cost more than $165 million.
The Yacht Life
Luxury yachts are another indulgence for the super-rich. These floating palaces can accommodate a large number of guests and staff. For example, Roman Abramovich’s yacht, Eclipse, can accommodate up to 36 guests, and it is widely reported to have cost $1.5 billion. The cost of owning and maintaining a yacht can add up quickly, with the annual cost of maintaining a 100-foot yacht estimated to be over $1 million per year. This includes costs for docking, maintenance, and crew.
The Art Life
The art world is another indulgence for the super-rich, with individuals willing to pay millions for a single painting. From Picasso to Warhol, the wealthy elite seek out the rarest and most luxurious art pieces. The Rockefeller sale by Christie’s made history in 2018, fetching a record-breaking $835 million. In addition to buying art, billionaires also indulge in philanthropy, supporting museums, and donating artwork to their communities.
The Conclusion
In summary, living a $100 million net worth lifestyle comes with a hefty price tag. From owning properties in exotic locations to buying luxurious yachts and private jets, the super-rich indulge in the most expensive things money can buy. However, with great wealth comes great responsibility, and many of these billionaires also indulge in philanthropy, contributing to charitable causes around the world.
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