Which Is True Regarding The Trade-off A Firm Makes When It Spends Money On An Investment Project?
There's enough of information out in that location virtually how billionaires make their coin, merely we don't know nearly as much nearly how they spend it. And because there are and then many new billionaires, the world actually could use a Lifestyles of the Rich and Famoudue south reboot.
What kind of jet does Jeff Bezos accept? What absurd feature is in Elon Musk'south house? Let'southward dig into the most expensive purchases, donations and investments of the earth'southward billionaires.
Jeff Bezos Spent $65 Million on a Individual Jet
Have you lot heard of a Gulfstream G650ER? This luxury private jet may exist unheard of to the boilerplate person, but it'due south one of Amazon CEO Jeff Bezos's favorite ways to get around. This private jet just seats eight passengers, and that's enough for Bezos.
The going price for these private planes is around $65 million. They tin accelerate to tape speeds, and they come with four separate living spaces. Although 8 passengers can fit, the passengers tin can decide whether to sit around a tabular array, sit on the burrow, sit alone or sit with friends. Bezos's plane probably has other unique features, likewise.
Elon Musk Bought a $100,000 Bond Car
As the CEO of the Tesla motorcar brand, you might call up that a souped-up Tesla would be Elon Musk's fanciest ride. While he might ain expensive cars, one of them is extremely rare. He purchased the beauty at an auction in London for no less than $100,000.
The motorcar is a 1976 Lotus Esprit. You may have never heard of it, but you've probably seen it. This car was used in an iconic scene in the James Bond franchise when Bond drove it into the ocean. A special Camaraderie-shaped submarine was created for filming the movie, though.
Kochouseph Chittilappilly Gave $79 Million to Charity
Kochouseph Chittilappilly is an Indian billionaire who made his fortune in the electronics and appliances business. Although he'south still working, he's now well into his sixties. While most people spend this stage of life vacationing and taking information technology easy, this billionaire has started a new project — the K. Chittilappilly Foundation.
The foundation works in Bharat and helps to give people who are poor and/or commonly discriminated against access to education and healthcare. The organization also fights to raise awareness of and funds for organ donation, which is a cause close to Chittilappilly's heart because he donated a kidney.
Marking Cuban Has a $forty-million Time-saver
Mark Cuban is the possessor of the Dallas Mavericks and is a series investor. He earned his spot in the Guinness Volume of Globe Records when he bought a $40 million Gulfstream private jet via the internet. That was the well-nigh money an private had spent on a unmarried purchase online.
Although a private jet may seem similar a luxurious splurge, Cuban had practical reasons for getting 1. The one thing even a billionaire cannot purchase is time, simply Cuban says he'southward able to save copious amounts of information technology by non having to tailor his hectic schedules around commercial flights.
Pecker Gates Gave $10 Billion to Iii Charities
Access to healthcare is close to Bill Gates's heart. Preventable diseases and lack of medical supplies are two factors responsible for the deaths of millions of people annually. That'southward why Bill Gates made hefty donations to three organizations.
The Vaccine Alliance, the Global Polio Eradication Initiative and the Global Fund all work in unlike areas of the world to ensure that people in the poorest, most remote places are able to go vaccines and medication. Collectively, he gave $ten billion to the iii organizations, and they have done an estimated $200 one thousand thousand worth of practiced for the world so far with his generous donations.
Marker Zuckerberg Owns a Sweet $72.8-million Hawaiian Estate
Farming is the last thing that comes to people's minds when they think of Marking Zuckerberg, the Facebook founder. But Zuckerberg happens to be the owner of a huge sugar cane plantation in Hawaii. The plantation, which covers effectually 700 acres, sits beside a breathtaking white sand beach.
Some people buy vacation homes, but Mark Zuckerberg paid almost $100 one thousand thousand for a vacation manor. In add-on to providing countless vacations for a lifetime, Zuckerberg's sprawling Hawaiian manor is as well an investment considering he can profit from the thousands of pounds worth of sugar cane produced on the plantation.
Bill Gates Had a $40-1000000 "Big Splurge"
Private jets are to billionaires what cars are to thousandaires. It makes sense that Bill Gates, the richest man in the world for several years, would have one of the most expensive ones. Unlike commercial planes, private jets take merely a few seats.
Bill Gates's $40-1000000 BD-700 Global Limited seats 19 people, which allows Gates to travel in style with his guests. He has a nickname for this behemoth in the skies. He calls information technology Big Splurge. The jet comes with 2 kitchens, ii bathrooms and a bedroom. There'due south enough of room for Gates, his guests and his crew.
Adam Neuman'southward $21-million-dollar Dwelling house Has a Guitar Room
Adam Neuman is the wealthy founder of WeWork. Although he has stepped abroad from the visitor, that hasn't stopped him from making plenty of real estate investments. The Bay Surface area is known for beingness a hotbed for enough of cut-border technology companies.
It only fits that San Francisco is where Neuman bought one of his most expensive homes. The house cost $21 meg, and information technology's full of unique features. One of the many rooms in the home is shaped just like a guitar. If Neuman ever wants to sell, this sectional feature volition likely attract plenty of buyers — if they can afford it.
Bill Gates Paid $30 Million for a Leonardo da Vinci Manuscript
Leonardo da Vinci was an accomplished artist and scientist. Over the years, much of his life's piece of work has been discovered. Some of his lesser-known works include sketchbooks and half-finished scientific musings. Bill Gates is the proud possessor of the $30-million Codex Leicester.
Although da Vinci never went to Leicester, the manuscript is named afterward the Earl of Leicester, who bought the book when information technology was initially discovered. The antiquated journal is written in Italian, and information technology includes detailed sketches and explanations of experiments da Vinci was working on. Gates has loaned the manuscript to museums across the country.
Richard Branson Bought an Island for $180,000
Sir Richard Branson is the entrepreneurial genius behind the Virgin brands. He lives on Necker Island, the private island that he bought. Branson purchased the 74-acre island earlier he was a billionaire when he could merely afford to pay around $100,000 for it.
The island's original asking price was $6 million, so the possessor was understandably offended by Branson'south depression offer. When the island was all the same for sale a year later, Branson was able to negotiate a $180,000 asking price. Hurricane Maria devastated Necker Island, but information technology's on the fashion to becoming the stunning oasis it one time was.
Elon Musk Bought a $17-million House in Bel Air
Like The Fresh Prince, Elon Musk lives in a mansion in Bel Air. Of course, he owns impressive properties all over the world, but his Bel Air mansion is i of the more lavish homes Musk has. He purchased the jaw-dropping house for $17 meg.
In addition to the luxurious living quarters, in that location'southward a 2-story private library full of Musk'southward favorite books. For entertaining guests, Musk has a sprawling wine cellar. The cellar houses i,000 bottles of the finest wines on Earth. This home is one of several that Musk owns in the same exclusive neighborhood.
Larry Ellison Bought Some Amazing Yachts
Larry Ellison, the technologically inclined mind behind Oracle, owns a yacht called Musashi that's about 300 anxiety long. The artful elements of the yacht are influenced by traditional Japanese decor. It has its own movie house and a glass elevator.
There'due south room for xviii passengers and a crew of more than 20 people to live comfortably on this mega yacht. It takes iv diesel fuel engines to keep the Musashi moving. If you lot think the Musashi is nice, your jaw would drop at the features in the Rise Lord's day, an fifty-fifty bigger yacht that Ellison sold for $300 1000000.
Bill Gates Paid $161 One thousand thousand to Be Part Owner of the Ritz Carlton
In addition to running Microsoft and the Bill & Melinda Gates Foundation, Bill Gates is likewise the founder of Cascade Investment. Through the company, Bill Gates and other private investors make large purchases of businesses and properties together. Bill Gates contributed $161 million towards the investment grouping's buy of the iconic Ritz Carlton in San Francisco.
Aside from Gates'south large contribution, many other investors paid towards the total asking toll of the hotel. On top of ever having a great place to stay in San Francisco, Gates as well earns income from the profits that come from guests staying there.
Michael Dell Paid $40 Meg for a Four Seasons Penthouse
Plenty of people have a favorite room in a hotel, merely very few people are able to buy said room. Michael Dell, the namesake founder of computer company Dell, purchased the penthouse of The Four Seasons in Boston. Dell'due south is i of three penthouses built in the skyscraper.
The Iv Seasons complex is over threescore stories high, and information technology includes a hotel and residential areas, all built past the hospitality giant. The penthouse has at least iv bedrooms, and it boasts amazing views of the Boston skyline. Some of the amenities include a spa, an indoor golf simulator and a puddle.
Jeff Bezos Spent His Vacation on a Submarine
Information technology's not all well-nigh the things money can buy. Experiences provide memories that last a lifetime. Jeff Bezos lived on a submarine for a three-week vacation of sorts. He and his squad explored the ocean floor for artifacts.
They found the booster rockets from the Apollo 11 launch, and Bezos donated the wreckage to Seattle's Museum of Flight. There'south not a public price tag for this excursion, but it'south safe to say that Bezos had to pay a pretty penny. He does this kind of affair so often that he has a web log called Bezos Expeditions.
Oprah Winfrey Bought 10% of Weight Watchers for $43 1000000
Weight Watchers, at present known as WW, has been a big player in the multi-billion-dollar weight-loss industry for decades. Oprah Winfrey claimed a pale in the iconic brand when she paid $43 million for ten% of the visitor in 2015.
Since and so, she has seen more than a ten-fold return on her investment. In improver, Winfrey, who has ever been a trendsetter, makes for ane useful make ambassador. She's a lath fellow member at WW and makes frequent appearances in the visitor's advertisements. The brand continues to find innovative ways to remain relevant in the irresolute world of diet.
Larry Page and Sergey Brin Bought a Private Airport for $82 Million
Plenty of billionaires own private jets, just how many tin say they own private airports? Google co-founders Sergey Brin and Larry Page purchased a private airport together for $82 million. It's unclear whether their individual airdrome is used for Google business, for personal pleasure or for both.
While the airport doesn't accept commercial flights, one of the planes that makes frequent appearances is the Boeing 767-200 that the Google co-founders caused every bit a joint buy. Page and Brin certainly don't seem to be getting tired of each other. Friends who piece of work hard together play hard together.
Michael Dell Has Spent $100 Million on His Photography Drove
MSD Capital letter is the company Michael Dell uses to grow and distribute his wealth. Through the visitor, he was able to explore his love of photography. Dell purchased a collection of more than 180,000 pictures. It's unclear how much he paid, simply it's valued at around $100 million.
Although Dell owns the humongous vintage photo collection, the photos are in the possession of the University of Texas at Austin. In addition to existence extremely valuable, the pictures requite plenty of historical, scientific and sociological insights.
Steve Cohen Bought a Preserved Shark for $8 Million
People have a lot of foreign decorations in their homes. Some people have dolls that are…less than adorable. Others have pictures with eyes that seem to follow you around the room. If you ever have the pleasure of visiting Steve Cohen, you may just see a shark in the living room.
The shark isn't withal living, though. It floats suspended in a mixture of formaldehyde and booze. When this preserved shark was start made, it was part of an art exhibit that sold for almost $100,000. Since then, its value increased significantly, and Steve Cohen purchased it.
Oprah Winfrey Has Spent $140 Meg on the Gift of Education
Oprah Winfrey grew up in poverty in rural America. Her life changed when she went to higher and learned the skills necessary to further her career. Millions of immature women become stuck in a cycle of poverty simply because their families cannot beget an educational activity.
In 2007, Oprah opened up a school for girls in Africa. Since then, Oprah has been ground the nib (over $140 million to engagement) for everything necessary to continue the school running and give students the resource they need to succeed. This ongoing philanthropic cause has been life-changing for the girls involved with this unique schoolhouse.
Alice Walton Paid $88.viii Meg for Artwork
Alice Walton, the Walmart heiress, paid $88.eight one thousand thousand for a highly sought-afterward Robert Rauschenberg silkscreen painting. The painting, called "Buffalo II," depicts the late President John F. Kennedy, forth with other historically meaning symbols.
Walton bought this painting from a famous auction business firm, Christie's, only it wasn't her outset foray into the globe of fine art. She owns the Crystal Bridges Museum of American Fine art in her home boondocks of Bentonville, Arkansas. Walton is the owner of 1 of Georgia O'Keeffe's original works of fine art. She also has a private art collection outside of the museum.
Laurene Powell Jobs Donated $fifty Million Toward Education Reform
Laurene Powell Jobs, the widow of Apple founder Steve Jobs, is using her large fortune for philanthropy. She founded the Emerson Collective, a company that invests in startups and nonprofits that help the environment, immigrants and pedagogy. She has donated $50 million of her funds towards XQ: The Super School Project.
Powell Jobs is concerned that traditional loftier schools don't adequately set students for the electric current job market, and she wants to ensure students go enough preparation in engineering science. She plans to give the coin to v innovative teams that come up with loftier schoolhouse models that can accost these needs.
Sergey Brin Pays $one,760 a Calendar month for Trapeze Lessons
Some people enjoy painting. Others enjoy tennis. What kind of hobbies does a billionaire have? Google co-founder Sergey Brin spends his free time flying through the air on a trapeze. New York is a show biz metropolis, and regular trapeze lessons are available at Circus Warehouse.
Brin has been taking lessons for some time. A month's worth of lessons costs $1,760. To put that into perspective, this billionaire spends more the average American pays for housing each calendar month on recreational activity. With all of the lessons, perhaps Brin will make an advent in a circus 1 day.
Oprah Winfrey Spent $9.2 Million on a Vacation for Her Staff
On her talk prove, Oprah Winfrey was known for giving expensive gifts to anybody in her audience. She did the aforementioned for all of her staff members in 2009. For ten days, Oprah and more than a hundred employees cruised around and beyond the Mediterranean region.
The cruise went to Turkey, Greece, Spain, Malta and Italy on the all-expenses-paid holiday of a lifetime. Needless to say, Oprah has a very large staff, then there were plenty of people in omnipresence on the cruise. No wonder the gesture cost Oprah $9.2 million. That's one way of bonding with workmates!
Kylie Jenner Spent More than $400,000 on a Handbag Collection
Kylie Jenner is more than a reality star. Although her family proper noun may have helped her become famous, her family didn't build a cosmetics line for her. This young billionaire has an impressive handbag collection. She's acquired it over time, and it'south estimated to exist worth at least $400,000.
The bags are from respected designers such as Hermes, Gucci, Chanel and Louis Vuitton. These aren't the kinds of bags you lot can buy in the regular high-terminate boutiques, though. Rather, Jenner has collected exclusive designs that were sold for a express fourth dimension.
Michael Dell and Rob Walton Own a $280-1000000 Hawaiian Hotel
Michael Dell is the founder of Dell, and Rob Walton is the son of Walmart's founder. Back in 2006, the ii billionaires purchased the tropical Four Seasons Resort in Hualalai, Hawaii. A 4 Seasons in Hawaii can only be luxurious, simply this hotel really takes the block.
The location has won enough of hospitality-manufacture awards. Rooms with breathtaking Pacific Ocean views are listed for around $eighteen,000 nightly. These two business organisation-minded billionaires made a fun buy that besides pays for itself in profits. The investment grouping that represents Dell and Walton paid $280 million for the hotel.
Marker Zuckerberg Spent $1.3 Million on a Car Yous've Probably Never Heard Of
Mark Zuckerberg, similar some other billionaires, isn't known for being flashy. He has a lot of money, but his higher-student style sense and the machine he drives don't necessarily show it. Although he's often photographed cruising around in a Honda Fit, Zuckerberg does have a sports car i would await from a young billionaire.
He paid $1.3 meg for a Pagani Huayra. This Italian automobile is associated with the Pirelli brand, although it has a line of its ain. The super-fast cars took the luxury auto world past storm when they debuted in 2011.
Larry Ellison Paid $600 Meg for a Piece of Hawaii
Larry Ellison is the majority owner of the Hawaiian isle Lanai. This private isle has been an haven for the richest people in the world. Although it's considered function of Hawaii today, the island was its own nation until information technology became part of Hawaii's monarchy in the early 1800s.
The island has been used for raising cattle and cultivating pineapples. In the 1960s, a tourism company called Castle and Cook purchased the 98% of the isle that Dole (the fruit visitor) owned and turned it into a luxury resort. Ellison bought the majority of the island in 2012.
Azim Premji Donated 67% of His Shares to Clemency
Azim Premji is the CEO of Indian tech giant Wipro. Wipro, founded past Premji's father, started off as a producer of vegetable oil. Under Premji's leadership, the visitor transitioned to the engineering science sector and excelled in it. Rather than keeping shares of his company for himself and his family, Premji donates them to his charitable arrangement.
The Azim Premji Foundation helps less fortunate children and adults get access to education, which tin hateful the divergence between living in poverty and getting a task that sustains a family. With $21 billion in donations, Premji'south foundation even opened a university.
Larry Ellison Splurged on Fighter Jets
Larry Ellison is a licensed pilot, so this purchase is another reason for him to indulge in an singular — at least for the rest of us — hobby. Ellison bought the fighter jets from Italy and the former Soviet Union.
These are decommissioned jets that were used by their respective governments. The U.Due south. authorities even forbade Ellison from importing the jets into the country. He already owns a private island, then he can surely observe a place where it's prophylactic to play with his expensive toys.
Source: https://www.life123.com/lifestyle/billionaires-spend-money?utm_content=params%3Ao%3D740009%26ad%3DdirN%26qo%3DserpIndex
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