The Most Outrageous Things Billionaires Spend Their Money On

This is one of the nice things about having too much money, and that is, you can spend it on whatever you desire.

And it does not even have to be something you need or must have or even want to need to have.

And to most people, this may seem outrageous or even silly, but are many of us not guilty of that? But this is about the billionaires and what they spend their money on.

Towns

This is one of the things the wealthiest people in the world love to do, and that is to buy an entire town. But that is not all; some of them may just go ahead and name that same town after themselves.

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This was the case with the British multi-millionaire Scott Alexander, also known as Britain’s vainest man. He bought an entire town in Bulgaria and named the town after himself, and that was just because he can.

Islands

How many times have you heard of people with too much money to spend in a lifetime bought themselves a whole island? We have heard about it many times over, and it is still happening in this day and age.

The Oracle Billionaire, Larry Allison, bought a Hawaiian island just for himself in 2012 for only $300 million. He is now the proud owner of 98 percent of the smallest inhabited island in Hawaii called Lanai.

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Yachts

This is one of the most popular things the very rich people love to spend money on, and that is a personal yacht. It is not known if there is a single billionaire in the world that does not have a yacht of his own or had one.

But that is not surprising because a yacht of your own gives you the feeling of being the owner of your own private island. And the problem is there are only so many islands available on the earth, so the other option is to buy a yacht.

Airplanes

This is yet another type of popular thing that billionaires love to own, and that is an airplane. Some of them buy small jets and helicopters for business purposes and to quickly get to a business appointment without delay.

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That is the reason they have so much money, because of the quick air travel they can get to money-making opportunities faster than others. And some of them have large airplanes that cost more than those we use from airlines for traveling the globe.

Mansions

When it comes to a place to stay between business transactions, billionaires just need to have a mansion worth millions. And that is in every country they have business deals going so they can have a place to rest.

But not just to rest but also to entertain their business partners as well as loved ones and just to show off. Most of the showing off will be to those who oppose them or rival businessmen to make them jealous.

Vintage Cars

Many of the world’s richest people are collectors of great items around the world, and that includes vintage cars. These vintage cars do not need to be part of a specific collection as long as they can have it to display.

Luxury Cars

We always wonder what it is with billionaires and their love for luxury cars; you would think they will be more practical. But that is not the case when it comes to owning a luxury car like a hand made Rolls Royce or Ferrari.

When you hear about a car they only made a few of, you will know that the owner of such a vehicle is a stinking rich billionaire. And those cars do not come cheap at all and will range in the millions just because it is rare.

Parties

You would always hear about this or that billionaire that has a party where the cost of it runs in the millions. And they will most of the time write it off as business entertainment, but many of them just love to party.

And when it is party time they go big, and it is not just for investment but because they want to show off.

Art

And when it comes to billionaires and art, this is a standard practice among them to invest a lot of money in art pieces. This may seem like a waste of money, but many see art as a way to improve their financial status and worth.

Real Estate

This used to be one of the most lucrative business opportunities around the world, and almost every billionaire in the world did this. They buy a high-value property just to sell it later at a profit, but that is only part of the money-making.

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