Have you ever wondered what you would spend money on if you won the lottery or suddenly got rich?
It can be fun to daydream about the possibilities. After all, there’s no telling what wild, exciting things and experiences would be within reach.
While most people are probably concerned about: inflationthe rising cost of living, and inrobe wallets go down, most rich people don’t seem to care. Instead, they make ridiculous purchases by most people’s standards. Here are some crazy expensive things rich people buy that most people can only dream about.
What Are 11 Crazy Expensive Things Rich People Buy?
1. Tickets to space
Many people are concerned with earning miles and traveling off-season to pay for their annual vacation. Meanwhile, some uber-rich are thinking about how to leave the planet.
One of the craziest expensive things the rich buy is tickets to space, a tourist attraction that’s not nearly as crowded as the Eiffel Tower, but much more exciting.
Virgin Galactic opened tickets to the space to the public for $450,000 each, a sharp increase from the original price of $250,000. We’re not sure if flights have increased due to increasing demand or inflation, but that’s a huge amount to spend on your next trip. The flights last approximately 90 minutes, during which you experience weightlessness and have a fantastic view of the earth from that height.
Virgin Galactic is also not the only space company on the market. SpaceX launched its first fully civilian spaceflight in September 2021. Blue Origin, founded by Jeff Bezos, isn’t even willing to announce a public price for their flights just yet, but seats on previous flights have been auctioned off for millions of dollars.
There is no doubt that you have to be extremely wealthy to even think of leaving Earth.
2. Private Islands
What is the best way to leave the planet? Own a piece of it. And sometimes rich people want to own a private island where they can relax, hang out with friends or just retreat from the rest of the world.
There is a long list of celebrities buying private islands for personal use or to turn them into luxury resorts. Sir Richard Branson bought Necker Island in the British Virgin Islands in 1979 and turned it into a luxury resort. Many other rich and famous have followed suit and bought their own private islands. Leonardo Dicaprio bought his private island just off Belize in 2005. Larry Ellison, a co-founder of the Oracle Corporation, bought 98% of a Hawaiian island in 2012.
Speaking of private islands, you have to get there somehow. Rich people can afford to arrive on yachts in style. And with regular yachts failing, many of the super-rich buy superyachts, hundreds of which are sold every year.
So what distinguishes an ordinary yacht from a superyacht? There is no technical definition of a superyacht, but it can typically accommodate more than ten guests and comes with some of the same benefits you might find in a luxury villa.
Larry Ellison is known for having previously owned a 454-foot yacht called the Rising Sun which had 82 rooms, a movie theater, personal gym and basketball court. He has since sold it for another luxury superyacht. Other Silicon Valley-esque billionaires also own huge superyachts, including Larry Page, Jeff Bezos and Bill Gates.
With so much luxury available on a single ship, it’s hard to argue with the idea that superyachts are a symbol of wealth.
4. Hire celebrities
Did you know that rich people can hire celebrities for social events? If you have enough money, you can hire celebrities to appear or perform for you.
The super rich are known to hire celebrities for their private events. Online booking agencies can make hiring celebrities, authors, athletes and musicians accessible at the right price.
Jennifer Lopez came under fire in 2013 for accepting a private three-song concert for Turkmenistan’s leader and receiving more than a million dollars. The Kardashians paid in exchange for mixing at art events. With enough dollars in your bank account, you can also mingle with the rich and famous.
5. Gold/expensive bathroom accessories.
We all need to go to the bathroom once in a while, so why not surround yourself with luxury while taking care of your business?
Rich people have bought golden toilets and other expensive toiletries. You can buy a toilet covered in 18-karat gold for the low price of $30,000. You can also buy other expensive bathroom accessories, from bidets to TVs that fit anywhere to heated toilets. If you ever want to amuse yourself, you can look up expensive bathrooms to see what the rich can afford.
Since we are talking about gold, you know you are rich if you have a gold credit card and other gold covered items in your house.
6. Kopi Luwak Coffee
We’ve all complained about the price of a Starbucks coffee, but can you imagine paying $100 for a cup of morning java? That’s what the cost of Kopi Luwak is for if you’re looking for the ultimate coffee experience.
This caffeinated drink costs so much due to high demand and limited quantities, a surefire way to entice rich people to a product.
This coffee is unique in that the beans are the feces (commonly called “cat poo”) of the Asian palm civet, a feline creature that digests the beans and extracts their bitterness. This coffee is extremely rare and its incredible taste makes it something you’ll want to add to your to-do list for when you want to splurge.
7. Random Auction Items
Ever heard stories about shockingly expensive auction items? You know you’re rich when you can go to auctions to bid on items with a hefty price tag. One of the main benefits of being super rich is buying whatever you want.
Auctions are great if you want rare, unique items that you wouldn’t find in a store. Here are some of the most interesting auction purchases we discovered:
- A Canadian dentist paid $31,200 for John Lennon’s tooth.
- A dress Kate Winslet wore in “Titanic” cost $330,000.
- Audrey Hepburn’s “Breakfast at Tiffany’s” script sold for over $800,000.
- Marilyn Monroe’s iconic “Happy Birthday” dress cost $4.8 million.
8. (Very) Expensive Parties
One of the main benefits of being rich is that you can throw legendary parties that people will talk about for years to come. While the average person probably throws a potluck or throws a party on a budget, the wealthy spare no expense.
Throwing the biggest party in town with a star-studded guest list comes with a hefty price tag. Kim Kardashian and Kanye West once threw a Christmas party that cost them $1.3 million. They spent about $350,000 on snow alone, so you could only guess at the bar at such a swanky party.
Still, Kim and Kanye’s party paled compared to other expensive parties. One of the most extravagant parties of all time was the 2008 opening party at the Atlantis in Dubai, which cost a whopping $31 million.
9. Ridiculous Levels of Convenience
Is there anything worse than waiting in long lines, such as at the RDW or the post office? What about having to do the same chores over and over again? Most people cannot escape the monotony of everyday life.
The wealthy can spend money at a level of convenience that most people can only dream of. We’re not just talking about food delivery services or cutting the line at an amusement park.
“The time of the hyper-rich is worth enough that it usually makes sense to outsource things the layman would never consider outsourcing,” said True Tamplin, founder of Financial Strategists. “If someone with extreme wealth can get an hour back in their time, it could be worth millions of dollars over the course of a year.”
While technically there are only 24 hours a day, the rich can buy back more free time. If you’re rich, you don’t have to worry about mowing the lawn, running errands, cooking dinner, or doing basic tasks.
What are some examples of ridiculous levels of convenience that the rich can buy?
- Pay someone to wait in line. Sites like TaskRabbit let you hire someone to wait in line at the passport office or anywhere else for you so you don’t have to waste time.
- Outsource all basic household tasks. Housemaids, personal cooks, gardeners, and personal assistants are just some of the services rich people can afford.
- First-class travel. If you’re flying first class or even taking a private flight, you won’t have to wait for boarding or struggle to fall asleep in a cramped cabin seat.
10. Concierge Services
Most of us have to take care of reservations and planning on our own. The rich rely on concierge services for these problems. Concierge services can range from booking flights to random errands you need to run.
What Are Some Completely Random Concierge Services Rich People Use?
- Planning your child’s birthday party.
- Entering exclusive restaurants.
- Naming your baby (yes, this is a real thing).
- Organize trips to avoid hassle.
Numerous luxury concierge services cater specifically to the ultra-wealthy. One popular company is The Quintessentially Group, which serves people with an average net worth of $5 million. Most requests hover around $1,500 per service, but this concierge company has seen customers spend hundreds of thousands for an event.
These companies work with incredibly rich people who want to take care of everything for them. Here are some of the most surprising concierge requests we’ve been able to find:
- Arranging dinner on an iceberg.
- Closing the Sydney Harbor Bridge to a marriage proposal.
- Fly in comfort with a dog in a private jet.
- Marriage vows renewed by the Pope.
There is a chance that a concierge service can fulfill any request your heart desires if you have enough cash to pay for it.
11. Private movie premieres at home
While many rich and famous want to walk the red carpet at a flashy movie premiere, a newer service can bring a movie premiere to the comfort of home.
A few years ago, Red Carpet Home Cinema announced it was looking for 3,000 wealthy Americans willing to pay $15,000 for a media server and then another $2,000-$3,000 per movie to watch new theatrical releases from the comfort of their home theater on the opening night.
While this service doesn’t give users early access to new movies, it does give people the privacy and convenience of home viewing that large, crowded movie theaters don’t have. Predicting how a company like this might perform is challenging, but it shows that you can buy just about anything for the right price, even the first time you release a new movie.
Build your wealth
There are many purchases that the rich can make that most people can only dream of. While it’s fun to read about the crazy expensive things rich people buy, it’s essential to take care of your finances first. Focus on investing and building wealth the right way so that you can create a better future for yourself and your family.