16 Most Outrageously Extravagant Things Only Billionaires Can Afford
Maybe money can’t buy you everything — if you’re a millionaire. But once you hit your first billion, your spending reaches new heights. From skyscraper homes to the world’s largest yachts, billionaires have their pick of the world’s greatest luxuries.
Just eight of the world’s billionaires are worth as much as 3.6 billion people globally, according to Oxfam. Even the world’s youngest billionaire, Snapchat founder Evan Spiegel, is worth over $15 billion — enough to put your modest neighborhood millionaire to shame. And the ranks of these mega-consumers is on the rise. The number of billionaires grew 13% from 1,810 to 2,043 between 2016 and 2017, according to Forbes.
Don’t believe a few extra zeros make a difference? These 16 purchases are so extravagant only billionaires can afford them.
1. A private jet
If you’re a millionaire, you definitely fly first class. Hey, you might even be able to charter a jet for as little as $2,000 an hour. But chances are that you don’t own your own jet. Only a billionaire could afford a top-of-the-line private jet like the Gulfstream G650, which runs for $65 million.
2. A building named after you
While a couple hundred thousand might be enough to get a scholarship or even a small bench in your name, you’ll need at least a few million alone to get an entire building. According to Boston Magazine, a hospital wing in the historic city costs $15 million while a building at Boston College would run you over $20 million. If you’re a millionaire who loves your alma mater, you better start saving if you want your name on a campus map.
3. Your own island
What do Richard Branson and Leonardo DiCaprio have in common? They both own a private island. Unlike Branson, however, DiCaprio only has a net worth in the $200 millions. While you don’t have to technically be a billionaire for this one, most private islands will cost at least over a million. If you’re a barely-there millionaire you should probably just settle for a house somewhere tropical.
4. An NFL team
The average value of an NFL team is around $1 billion, according to Business Insider, and most were originally purchased at $700 million and higher. Even if a millionaire settled for the worst sports team in the league, there’s no chance they’d win a bid on an NFL team.
5. One of the world’s most expensive homes
A million is nice, but it won’t buy you this 27-story skyscraper located in Mumbai. Of course, you’d probably need to be a billionaire just to fill its 168-car garage, three helipads, and home theater that seats 50.
6. Gold toilet paper
7. Pablo Picasso’s Nude, Green Leaves and Bust
The most expensive painting ever sold to a private bidder was a Picasso that went for $106.5 million. The painting isn’t the only Picasso in existence, but it will cost you a fortune.
8. A trip to the moon
The cost of a flight to space ranges from $90,000–$300 million, so it’s pretty difficult to say what price range it would actually fall in. But it’s safe to assume that until billionaires like Elon Musk make it possible for all of us, going to space isn’t going to be as cheap as a week at Disneyland.
9. A museum
If you’re a billionaire, why settle for a private collection when you could have a whole museum? George Lucas of Star Wars fame is planning on opening up a Museum of Narrative Art that will cost nearly a billion alone. At a net worth of over four billion, however, he can afford it. Other billionaire-owned museums include the Neue Galerie in New York and the Samsung Museum of contemporary art in South Korea.
10. 1962 Ferrari 250 GTO
A brand new Tesla will cost you less than $100,000, but a 1962 Ferrari 250 GTO went for a record auction price of $38 million in 2014. Only 39 of the rare vehicles were created and one allegedly went for over $50 million at private auction.
11. The world’s biggest yacht
12. A theme park empire to rival Disney
China’s Wang Jianlin, who is worth an estimated $31.2 billion, owns not one but 13 of his own theme parks. The next park is set to cost a cool $9 billion to build, according to Variety. Jianlin’s Wanda Group plans on opening a total of 15 parks to compete with Disney’s properties in Asia.
13. Triple-digit truffles
Both in 2007 and 2010 casino mogul Stanley Ho spent $330,000 at auction on rare white truffles weighing over two pounds. The truffles he bought were 30 times the average size for the delicacy, which explains the exorbitant cost but not why he could possibly need that much truffle.
14. A million-dollar trust fund for your trusted pet
Freezing out her own grandchildren, hotel heiress Leona Helmsley left $12 million to her Maltese, Trouble. The amount was reduced by a judge to $2 million, but the story serves as a good lesson in not angering your rich relatives.
15. A submarine
Who needs a mega-yacht when you can take your billions 20,000 leagues under the sea? For just $25 million Triton Submarines will build you a two-man vessel that can rival the quality of the military-grade submarine. The only catch is that production takes up to two years right now, so you better start shopping early. For a less intense experience, you could also opt for a “submersible” plane.
16. A producer’s credit
Sure, you could try to earn your billions through celebrity, like Steven Spielberg and George Lucas — or you could just buy celebrity. A number of notable blockbusters have been bankrolled by high-millionaires and billionaires. U.S. Treasury Secretary Steven Mnuchin is worth half of a billion and also helped bankroll the Oscar-winning “Suicide Squad.”