Money can buy happiness, especially if you’re a billionaire. Billionaires have the world at their fingertips, literally. They can do any and everything because there are no limits. The ones that are lucky enough to be a member of this extremely wealthy club get the best of the best.
Being rich comes with many privileges and perks. For example, you don’t have to wait in traffic or in line at the airport, and you can cross the globe as many times as you want in your private jet complete with any amenity imaginable. If you are going to go big, then go big! Most billionaires seem to do just that as their great fortunes come with endless opportunities. Luxury home in Mumbai? Sip from a $2 million bottle of Cognac? Own your personal island?
Everyone dreams of what they would do if they were rich, but what would you dream about if you had billions? Below is a list of 10 things only billionaires can afford to do.
10- Build Their Dream Home
There are many people who design and build their homes, but they aren’t able to throw in all of the amenities billionaires can. Gigantic pools, personal helicopter pad, libraries, if you can dream it, a billionaire can buy it. Take for example, Billionaire Mukesh Ambani, whose net worth is over $22.7 billion. He and his wife Nita decided to build their dream home in Mumbai. It’s not just any extravagant billionaire home- it’s 27 stories tall, many of them double and triple height.
There’s also hedge-fund billionaire John Paulson who purchased Saudi Prince’s Aspen mansion, known as Hala Ranch, for $49 million. This lavish ranch was once listed as the most expensive estate in the U.S. Oracle CEO Larry Ellison has a lavish $100 million estate in Woodside, California complete with Japanese architecture, as many as 7 buildings, and a man-made lake.
9- Indulge In Fine Food And Alcohol
Splurging is one thing, but for billionaires it’s second nature. They can order a bottle of Gout de Diamants, which is a $1.8 million bottle of champagne. Or how about a bottle of Henry IV Dudognon Heritage Cognac Grande for $2 million? Billionaires wouldn’t have to hesitate when ordering $25,000 rare caviar at the Caviar House & Prunier in London, UK, or a $2,800 rib-eye from Craftsteak restaurant in New York, NY. Being able to travel the world and dine at the finest of restaurants is definitely a nice perk that comes with being a billionaire.
8- Have A Staff At Your Beck And Call
Billionaires do not do much on their own. They are privileged enough to be able to afford to have people do things for them. A few examples of a billionaire’s staff would be a personal chef, chauffeur, a cleaning staff, accountants, assistants, butlers, gardeners, stylists, nanny’s, the list can go on and on. Having your own personal staff to travel with you and 24/7 security detail comes as second nature to the wealthy. A study was actually conducted on billionaires focusing on travel and needs. The result- one interviewee said “when billionaires travel they want to retain the ability to have whatever they want… they are used to living a certain way, and they want to continue to do that wherever they are.”
7- Having Unique Hobbies
Billionaires always seem to be the adventurous type. Skydiving, going up in space, and sail boating are just a few examples. How about setting world records or partaking in luxury sports? Sir Richard Branson, for example, likes to take a shot at many stunts. He has attempted to set the record for transatlantic crossing by sailboat, as well as trying to cross it by hot-air balloon. Or you can be like Facebook founder Mark Zuckerberg, who has challenged himself to learn Mandarin and take up hunting.
This might top the list as most unusual and unique- billionaire Jeff Bezos, owner of The Washington Post, is using a lot of his fortune to build a clock inside a mountain in West Texas that ticks just once a year. The clock is designed to be a “symbol, an icon for long-term thinking” according to the Bezos Expedition website.
6- Having Your Own Museum Or Town
Billionaire William “Bill” Koch is building his own town to house his collection of Wild West memorabilia. Having a net worth of $4 billion would definitely allow some extra play money for building your own town. Koch’s town reportedly has 50 buildings, complete with stables, a saloon, and more. Similar to a scene from Gunsmoke, the chairman of the Gunnison County, Colorado, Planning Commission said “It’s the kind of stuff I guess you would expect a billionaire to construct.”
Microsoft co-founder Paul Allen founded a rock and roll and science fiction museum, and David Green, whose family owns Hobby Lobby, dreams of building a Bible Museum to house his ample collection of over 30,000 religious items. It’s only a matter of time before most of the super-rich need a place to put all of their priceless processions.
5- Buy an Island
Imagine having your own private tropical get away. While purchasing a car or a home is usually the biggest expense for most people, buying an island is on a billionaire’s to-do list. An island costs around $10-$45 million, which most billionaires wouldn’t even shake a stick at. Infamous billionaire Richard Branson owns the 74-acre Necker Island, in the British Virgin Islands. Billionaire Larry Ellison paid $600 million to own 98% of an island called Lanai. Billionaires Ted Turner and David Murdock have also purchased private islands.
4- Collect Multi- Million Dollar Items
Enjoy collecting stamps, spoons, or antique china? Well imagine being able to collect cars, art, and jewelry. Almost all billionaires have some sort of collection, here’s a few examples of some extravagant acquisitions. Billionaire art patron Leon Black purchased a version of Edvard Munch’s “The Scream” for $119.9 million. Ralph Lauren has more than 70 luxury vehicles. James Irsay collects rock ‘n’ roll guitars, including a $970,000 guitar Tiger once played by Jerry Garcia of the Grateful Dead. Alan Casden collects Jewish coins. In fact his collection includes more than 1500 ancient coins and is valued at over $40 million. Ronald Lauder, heir to the Este Lauder Cosmetics company, has an art collection valued at $650 million. Bill Gates purchased the most famous surviving Da Vinci scientific journal, The Codex Leicester, for $30.8 million.
3- Own A Sports Team
Many billionaires dabble in the sports business, mainly by becoming the owner of a team. Whether its baseball, football, basketball, or hockey, it’s a true status symbol to be able to say “I own that team.” Take Mark Cuban for example, he’s known to make pricey purchases, such as a $40 million jet online, but his fun pastime is owning a sports team, the Dallas Mavericks. When the Mavericks won the NBA Championship Cuban spent over $110,000 in four hours celebrating their victory. Most of it was spent on a $90,000 bottle of Armand de Brignac for the team, and then he left a generous tip- a $20,000 tip for the wait staff! Microsoft co-founder Paul Allen owns a football team, a basketball team, and a pro soccer team.
2- Own Extravagant Super Yachts & Jets
Who doesn’t love to travel? Clearly the super-rich do and we are not just talking about a simple vacation here. We are talking about being able to travel anywhere, any time. Most billionaires own a private jet, helicopter, and/or yacht that is waiting patiently to take them to any destination. Billionaire Roman Abramovich owns a $1 billion super yacht that’s complete with 2 helipads, 11 guest cabins, 2 swimming pools, an aquarium and even a mini-submarine.
Billionaire film director James Cameron purchased a single person submarine to use on his deep-sea adventures when he is out on his yacht. Prince Al-Waleed bin Talal owns an Airbus A380 priced at over $500 million. Mark Cuban owns a Boeing 767 that has custom-made seats to accommodate the tallest players of the sports team he owns, the Dallas Mavericks.
1- Generous Donations
This selfless splurge is a great one! Fortunately, many billionaires out there love to give. For example, Bill and Melinda Gates started their own charity in 1994 called the Bill & Melinda Gates Foundation. In 1999 the couple decided to give their charity a little jump-start, one at the tune of $5 billion. Another generous billionaire is Azim Premji, Chairman of Wipro, who donated $2 billion to the Azim Premji Foundation, which assists in education of children in rural India.