23/05/2024
Collecting is one of the common hobbies among the ultra-rich, alongside philanthropy or travel. They always find unique ways to enjoy their lives. Below are the top 10 collecting hobbies of the ultra-rich and interesting related stories.
Yacht
Yachting is a passion for most billionaires worldwide. Owning a yacht can cost millions of dollars, while just renting one for a day can cost around $5,000. Luxury mega yachts have even higher costs.
Billionaire Jeff Bezos spent about $500 million on the world's largest yacht, the Y721. This yacht has three masts, three giant booms, and a length of 127 meters, designed in an elegant classical style.
Private jet ownership
Owning a private jet is a symbol of the ultra-rich, but the cost to fulfill this dream is very high. A private pilot license can cost around $12,000, and if you want to buy a plane like the Cessna Citation CJ3, the cost can go up to $2.5 million for a used aircraft. Renting a plane is also not cheap, with costs potentially reaching thousands of dollars per hour depending on the type of aircraft and amenities.
Rare animal keeping
Some millionaires prefer to own rare and expensive animals instead of keeping dogs or cats. The cost of owning some of these animals can be very high. For example, a cheetah can cost from $15,000 to $25,000, while an adult lion can go up to $94,000. Related costs such as equipment and care fees can exceed $10,000 per year.
David Rockefeller Sr. is one of the billionaires with a special hobby of collecting beetles. Despite being born into a wealthy family and being able to own luxurious items, he chose to live modestly and pursue his passion for collecting beetles. For over 80 years, he has collected and spent a considerable amount of money on rare beetles.
Australian billionaire Clive Palmer is famous for his passion for dinosaurs and fossils. He invested millions of dollars in the paleontology industry to collect and establish his own dinosaur park. Palmer did not hesitate to buy land and build a unique space similar to Jurassic Park.
Antique collecting
Antique collecting is another hobby of the ultra-rich. Antique items can be very valuable, such as a 150-year-old Persian silk carpet priced at up to $257,000.
Horse racing
Horse racing and owning racehorses are another expensive hobby. The cost of owning and caring for a racehorse can reach tens of thousands of dollars per year, not to mention the cost of training and participating in major races.
Art collection
The ultra-rich often enjoy collecting famous artworks. Some artworks have very high selling prices. Here are some famous and expensive artworks worldwide:
Carlos Slim is also a reputable art collector, owning a collection of Rodin sculptures, the second largest in the world, most of which are displayed in his private museum. In addition, he has a hobby focused on collecting rare coins, historical documents, and religious artifacts.
Wine collecting
Wine collecting is another expensive hobby of the ultra-rich. Some not only collect wine but also invest in creating their own wine brands. The cost of building a large winery can be up to $100,000 per plot of land.
According to Wang, some wealthy individuals are not just interested in visiting wineries and enjoying blending wines, but also want to create their own brands.
Race cars and vintage cars collecting
About 14.5% of the ultra-rich love to collect race cars and vintage cars. Some collections are very valuable, such as the 1954 Mercedes Formula One racing car, which can cost around $29.6 million. Sultan of Brunei, Hassanal Bolkiah, owns over 7,000 cars with a total value of nearly $5 billion, demonstrating the scale of antique and car collections can reach.
In particular, this monarch loves the "quantity" of cars when buying hundreds of cars of the same line such as 604 Rolls-Royce cars, 574 Mercedes cars, etc..
Diamonds
Diamonds are one of the most precious jewelry items, often reserved for the wealthy in society. However, for the ultra-rich, they tend to own many more diamonds.
Luxury Brands
In the world of luxury brands, expensiveness is not only about material value but also includes intangible value, creating an allure and uniqueness that cannot be measured by numbers. Nowadays, the concept of "luxury brands" is not limited to watches, supercars, or luxury handbags as before. The wealthy are diversifying their collections by investing in luxury real estate.
Larry Ellison, the fifth richest person in the world and co-founder, CEO of Oracle Corporation in the US, has chosen to collect luxury homes. He has generously spent money to own homes ranging from a few million to tens of millions of dollars, mainly out of personal passion. His collection extends beyond the US to countries such as Japan, South Korea, creating a unique and diverse lifestyle.
The peak of Larry Ellison's real estate collecting hobby came when he decided to buy the entire island of Lanai in Hawaii for up to $500 million, reflecting the extravagant and creative lifestyle of a top billionaire.
Meanwhile, passion is also expressed to varying degrees in collections. Like Jamie Chua, a Singaporean, who owns a collection of 200 Hermes handbags and holds the record for the most Hermes handbags in the world.
These unique aspects of collecting handbags, or islands, are not just symbols of social status and prestige but also a way to express the creative flexibility in hobbies and lifestyles of the ultra-rich.
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