11 Crazy Expensive Things Rich People Buy – Entrepreneur

September 18, 2022 by No Comments

Have you ever wondered what you would spend money on if you were to win the lottery or suddenly become rich?


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It can be fun to daydream about the possibilities. After all, there’s no telling what wild, exciting things and experiences would be within reach.

While most people are likely stressing about inflation, the rising cost of living, and investment portfolios going down, most wealthy people don’t seem worried. Instead, they’re making ludicrous purchases by most people’s standards. Here are some crazy expensive things rich people buy most people can only dream of.

What Are 11 Crazy Expensive Things Rich People Buy?

1. Tickets to outer space

Many people are concerned with collecting miles and traveling off-season to afford their annual vacation. Meanwhile, some of the uber-rich are thinking about how to leave the planet.

One of the craziest expensive things the rich are buying is tickets to outer space, a tourist attraction that isn’t nearly as crowded as the Eiffel Tower but way more thrilling.

Virgin Galactic opened up tickets to space to the public for $450,000 apiece, a steep increase from the original $250,000 price. We’re not sure if the flights went up due to increasing demand or inflation, but that’s a massive chunk of money to spend on your next trip. The flights are about 90 minutes, where you’ll experience weightlessness and witness a fantastic view of the Earth from that high up.

Virgin Galactic isn’t the only aerospace company on the market, either. SpaceX launched the first all-civilian spaceflight in September 2021. Blue Origin, founded by Jeff Bezos, isn’t even willing to announce a public price yet for their flights, but seats on prior flights have been auctioned off for millions of dollars.

There’s no doubt—you’ll need to be extremely rich to even think about leaving Earth.

2. Private islands

What’s the next best thing to leaving the planet? Owning a piece of it. And sometimes, wealthy folks want to own a private island where they can relax, hang out with friends, or simply retreat from the rest of the world.

There’s a long list of celebrities purchasing private islands for personal use or to turn into luxury resorts. Sir Richard Branson purchased Necker Island in the British Virgin Islands in 1979, turning it into a luxury resort. Many other rich and famous have followed suit, buying their own private islands. Leonardo Dicaprio purchased his private island just off Belize in 2005. Larry Ellison, a co-founder of the Oracle Corporation, purchased 98% of a Hawaiian island in 2012.

3. Superyachts

Speaking of private islands, you have to get there somehow. Wealthy people can afford to arrive in style on yachts. And since regular yachts won’t cut it anymore, many of the super-rich are buying superyachts, with hundreds sold yearly.

So what separates an ordinary yacht from a superyacht? There’s no technical definition of a superyacht, but it can typically host more than ten guests and comes with some of the same perks you could find in a luxury villa.

Larry Ellison is known for previously owning a 454-foot yacht called the Rising Sun that holds 82 rooms, a movie theatre, a personal gym, and a basketball court. He’s since sold it for another luxurious superyacht. Other Silicon Valley-Esque billionaires also own massive superyachts, including Larry Page, Jeff Bezos, and Bill Gates.

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Source: https://www.entrepreneur.com/finance/11-crazy-expensive-things-rich-people-buy/435546

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