Billionaires possess the kind of wealth that most of us can only dream about. This incredible financial power enables them to make purchases and investments that often seem outlandish to the average person. While some billionaires are known for their philanthropy, others are famous for their extravagant spending on items that range from the unusual to the downright bizarre. Here’s a look at some of the craziest things billionaires spend their money on.
Private Islands
For the ultra-wealthy, a secluded paradise often comes in the form of a private island. Larry Ellison, co-founder of Oracle, bought 98% of the Hawaiian island of Lanai for $300 million in 2012. Similarly, Richard Branson owns Necker Island, which he purchased for $180,000 in the late 1970s. These islands are not just retreats but also investment opportunities, showcasing their owners’ wealth and status. .
Mega Yachts
Billionaires often have a penchant for the sea, but not just any boat will do. Mega yachts are the ultimate status symbol. Roman Abramovich’s yacht, Eclipse, reportedly cost around $500 million and includes features like a missile defense system and a submarine. These floating palaces are equipped with luxurious amenities that rival the finest hotels.
Trips to Space
Space travel is no longer just for astronauts. Billionaires like Jeff Bezos, Elon Musk, and Richard Branson have invested billions into their private space ventures. Bezos’ Blue Origin, Musk’s SpaceX, and Branson’s Virgin Galactic are at the forefront of commercial space travel, allowing the super-rich to experience the ultimate adventure—albeit for a hefty price tag. Bezos alone spent $5.5 billion on a brief trip to space in 2021.
Skyscraper Mansions
When it comes to real estate, billionaires often look to the skies. Mukesh Ambani’s residence, Antilia, in Mumbai, is a 27-story skyscraper valued at over $1 billion. The home includes three helipads, a 168-car garage, a ballroom, and nine elevators. These opulent homes are architectural marvels and personal sanctuaries.
Vintage Car Collections
Billionaires like Jay Leno and Ralph Lauren have amassed impressive collections of vintage cars. These collections often include rare and historically significant vehicles, such as the 1936 Bugatti Type 57SC Atlantic, which can fetch upwards of $40 million.
Doomsday Bunkers
The fear of an impending apocalypse has led some billionaires to invest in elaborate doomsday bunkers. These underground shelters are equipped with luxury amenities, including swimming pools, movie theaters, and even private golf courses. Silicon Valley billionaires are particularly known for buying properties in New Zealand for this purpose.
Exotic Pets
Some billionaires take their love for animals to the extreme by owning exotic pets. Mike Tyson famously owned three Bengal tigers, which reportedly cost him $70,000 each. Exotic pets require extensive care and custom habitats, adding to the overall expense.
Art Collections
The art world is a popular playground for billionaires. Ken Griffin, founder of Citadel, spent $500 million on two paintings: Willem de Kooning’s “Interchange” and Jackson Pollock’s “Number 17A”. This purchase is one of the largest private art deals in history and underscores Griffin’s commitment to acquiring masterpieces for his collection.
Private Jets
For billionaires, time is money, and private jets offer the ultimate convenience. Bill Gates owns a collection of private jets, including a Bombardier BD-700, valued at $40 million. These jets provide luxury, privacy, and efficiency for global travel.
Personal Museums
Some billionaires go beyond collecting art; they create personal museums. Microsoft co-founder Paul Allen established the Museum of Pop Culture in Seattle, housing his extensive collection of music and pop culture artifacts. These museums offer a glimpse into the personal tastes and passions of their founders.
Luxury Submarines
Taking luxury to new depths, billionaires like Richard Branson own personal submarines. These submarines, such as Branson’s Necker Nymph, allow for underwater exploration and adventure.
Immortality Research
The quest for eternal life is a high priority for some billionaires. Investments in anti-aging research, cryonics, and biotechnology are growing. Billionaires like Peter Thiel have invested millions into ventures aimed at extending human life and preserving it for the future.
Skyscraper Offices
Some billionaires build extravagant office spaces that reflect their company’s success. Apple’s headquarters, known as the Apple Park, cost $5 billion to build. This futuristic campus includes a 1,000-seat auditorium, a fitness center, and sprawling parklands.
Personalized Air Travel Services
Beyond owning private jets, some billionaires invest in personalized air travel services that include custom interiors, onboard chefs, and in-flight entertainment systems. These services ensure that every flight is a luxurious experience, catering to every whim and need.
Customized Sports Teams
Owning a sports team is a popular hobby among billionaires. However, some take it further by customizing their teams with the best facilities, top-notch trainers, and exclusive merchandise. Steve Ballmer, the owner of the LA Clippers, is known for investing heavily in his team’s success, both on and off the court.
Extravagant Parties
Hosting extravagant parties is a favorite pastime for many billionaires. These events can cost millions, featuring celebrity performances, gourmet catering, and the finest decor. David Geffen, for instance, is known for his lavish yacht parties attended by Hollywood’s elite.
Hyper-Exclusive Clubs
Billionaires often seek out or create hyper-exclusive clubs that offer privacy and luxury. These clubs might include private golf courses, exclusive resorts, or secret societies that cater to the elite’s desire for seclusion and opulence.
Personal Fashion Lines
Some billionaires invest in creating personal fashion lines, collaborating with top designers to produce exclusive clothing and accessory collections. This allows them to express their unique style and make a statement in the fashion world.
