Private jets are an extremely expensive hobby. We all know that fact. Considering that the most expensive ones can go up to 100 million dollars, it is easy to understand why one has to be at least a multi-millionaire in order to even think of buying a private jet. What might be surprising for you to hear is the fact that most people who use private jets actually do not own them. They either charter them from a private jet charter company, own a fraction of them through a fractional ownership structure or have leased them out. This is due to two simple facts. Private jets are REALLY expensive, so expensive that that the 0.1% of 0.1% is barely able to buy them outright. The other reason is due to the fact that the vast majority of people do not accumulate enough flying hours to warrant owning an entire jet. Most people are only really able to exhaust the capacity of a private jet by a fraction. Instead, a solution that is much more elegant is for people to pool resources and then use a single jet for their uses. Of course, there are many cons to this system as well, but it does save people a lot of money.
Today, we’re not going to go to the charter route today. Today, we’ll be looking at literally the richest people in the entire world. These are the only people who have the financial power to buy jets, take the hit on depreciation as well as pay the many running costs of a jet. Expect to find loads of familiar faces in this list as well, with many being defacto celebrities and part of our daily conversations. Without further ado, let’s get into it.
Kylie Jenner
The Kylie Jenner name is more of a brand than anything else. It is hard to imagine such amazing wealth in the hands of someone who is barely out of her teenage. However, the facts of the cases are such that Kylie Jenner has not only one of the biggest social media follower bases in the entire world, as well as successful makeup brand. She is a great role model for young female fans as well, who can finally see a successful businesswoman creating her own path in the world. The Kylie Jenner private jet is a Bombardier Global Express Jet. The cost of the jet is a staggering $72 million. For most people, that is money that they won’t be able to make in a lifetime, but for Kylie Jenner, that is what a good year sounds like.
Bill Gates
A name that we have all heard since our childhoods, Bill Gates is a billionaire entrepreneur with unimaginable wealth. He is also one of the few billionaires who seem to be having a truly amazing impact on the world around them. When Bill isn’t in Africa trying to combat the sanitation problem, Bill is flying around on his luxurious Bombardier 8000. One of the biggest private jets in the world, the Bombardier 8000 is filled to the brim with options in order to transport its 17 passengers in the most opulent way possible. He also owns other business jets, but this is the jewel in his crown. Coming in at over $66 million, it really is a small drop in the ocean in terms of Bill’s $124 billion fortune.
Elon Musk
The richest and most viral man in the world as of this moment. There is no doubt that Elon Musk is a controversial character who has had his fair share of ups as well as a few downs here and there. His company, Tesla have been able to solve an extremely complex puzzle, being able to mass-produce the first electric cars in the world. Today, his net worth stands at $225 billion, which is enough evidence to prove that he indeed has been quite successful in life. The name Gulfstream is one that invokes a sense of quality and pedigree in the mind of the reader. Perhaps this is the reason that Elon Musk has also decided to go with a Gulfstream G650ER, coming in at a cool $70 million. The jet can fly for 8600 miles without refueling, making it essentially the longest-range jet in the entire world. The jet can carry anything from 11 to 18 passengers depending on the configuration and also has multiple cabin zones inside the jet.
Mukesh Ambani
Mukesh Ambani first came into the world-wide limelight when he became the owner of the most expensive home in the entire world. The man behind the sprawling Reliance network in India, it is no surprise that he flies around the world in one of the biggest private jets in the world. The Boeing BBJ2 is his ride of choice. To put the size of the Boeing BBJ2 in perspective, focus on the fact that this is a Boeing. It is literally a commercial airliner that has been converted to suit the needs of billionaires like Ambani or massive corporate giants. The BBJ2 not only allows Mr Ambani to fly in style but also allows him to carry his massive entourage around him wherever he goes. The cost of the jet comes in at $73 million, which makes quite a big purchase to make. Considering that he is the second richest man to come out of Asia, there is a good chance that he didn’t even feel the purchase on his bank balance of $95 billion.
Donald Trump
A man who has worn many hats throughout his famous career, Donald Trump really requires no introduction. An incredibly divisive figure for many, Donald Trump served as the president of the US from 2016 to 2020. His choice of a private jet is completely typical of his own persona. It is a Boeing 757 that has been reconfigured for a private owner, the owner being Mr. Trump himself. The jet comes in at a cool $100 million and flexes the Trump logo as well. There are some gold bits inside as well, complete with a cinema for Mr. Trump to enjoy during his long flights. Wait till you hear the name, Trump Force One. One thing we know about Mr. Trump is that he doesn’t like to pull his punches and he definitely is one of the most extravagant presidents that the US has ever had. So, if there was anyone who would be confident enough to pull off a massive jet with actual gold, it would be Mr. Trump.
Roman Abramovich
The Russian oligarch is one of the richest men in the world of Russian owner. He is also the former owner of the Chelsea Football Club, a football club that he bought in 2003 and took the very heights of European glory by spending extravagantly on managers and players alike. It seems that he has this habit of spending extravagantly everywhere in life. This is best evidenced by his Boeing 767, also known as ‘The Bandit’. The jet comes in at a cost of $170 million, with air defense systems more akin to Air Force One (the US president’s jet) than anything else. The jet can comfortably seat 30 people and has a gold-lined banquet inside of it. Oh, and by the way, it isn’t even the most expensive jet that he owns, with his $350 million Boeing 787 taking the cake.
These are some of the richest businesspeople in the world. People who have amassed amazing fortunes and are now spending them as they see fit. As it turns out, when it comes to expensive things, there are really only two vanity items that these billionaires can spend their money on and still feel the pinch, jets and homes. This list is not meant to be exhaustive by any standards as there are loads of other rich people out there who also own ridiculously expensive private jets. These jets have been outfitted with custom modifications (there are companies out there who do this exclusively) and have been made fit for their uber-successful owners.
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