Billionaires VS Millionaires: What Do They Spend In A Day

let's head to california the u.s state with the most billionaires and tons of millionaires and to answer an important question how much money do the wealthy really spend in a day for the most part millionaires still have to make sure they don't overspend but as a billionaire it's pretty hard to blow all your money billionaires have more houses than millionaires more expensive boats their own planes and they use money and influence to buy the most expensive items in the world like a 70 million dollar car or two million dollar pair of sneakers so what is life like for a millionaire versus a billionaire let's live a day in the life of the ultra wealthy and find out let's start where the wealthy wake up every morning their luxury mansions for a millionaire homes can range from a one million dollar city apartment two eight-figure estates but for this video imagine you're a millionaire who lives in this 7.9 million dollar spanish-style mansion in santa fe with 8 bedrooms and 13 bathrooms a lagoon style pool and a huge master suite but the upkeep on a house like this can get pretty expensive annual maintenance costs are about one percent of what a home is worth that's about seventy nine thousand dollars per year or two hundred sixteen dollars per day and if you want any service workers it costs a minimum of 55 000 a year just for a single butler or about 150 a day this seems tame compared to a billionaire first of all billionaires have an average of four properties and invest an average of 160 million dollars in real estate imagine you're a billionaire who likes to keep things luxe so your main focus is the 195 million dollar chartwell estate it has manicured gardens a huge fountain wine cellar and even secret tunnels it kind of reminds us of billionaire jeff bezos's 175 million dollar warner estate but living in a home this expensive you've got to think about security costs reasonable security costs for the ultra rich are around 1.5 million per year or about 4 110 per day you also have to pay ninety thousand dollars for a full butler service or about 247 dollars a day you can't forget about those property taxes of almost 1.5 million dollars per year or another 4 110 per day now it's time to get ready to start your day if you're a millionaire you can afford the most expensive clothing brands perhaps your closet is filled with gucci like these 2 600 princeton loafers or this 18 650 dollar biker jacket you can also splurge on this 250 000 stuart hughes belt it's hard to pin down the average amount of money millionaires spend on clothing each month since it depends on their personal preferences but it's estimated to be anywhere between five thousand and fifty thousand dollars that could cost as little as one hundred sixty four dollars a day all the way up to one thousand six hundred forty five dollars but if you're a billionaire getting ready to start your day might mean throwing on some of the most expensive clothes and jewels ever sold this patek philippe grand master chime watch cost 31 million dollars and was the most expensive ever sold at auction you could also own this 10 million farah gray jacket made with 460 carat diamonds as for footwear you're a billionaire now so you can easily go for something over the top like the most expensive sneakers ever these solid gold ovo x air jordans that cost two million dollars even with just these expensive items taken into consideration that's a total of one hundred seventeen thousand eight hundred eight dollars per day now that you're dressed to the nines and ready to head out let's take a look at your garage as a millionaire you can enjoy driving this 315 thousand dollar rolls royce ghost but if you can spend more if you really want to perhaps you also own this 1.3 million dollar aston martin valhalla or this 2.7 million mercedes amg one but with top of the line cars you'll also have to pay premium maintenance costs new tires for a luxury car cost a reported 30 000 and replacing them along with rims can cost at least one hundred twenty thousand dollars this comes to about four hundred ten dollars per day to own just one supercar if you're a billionaire these costs get higher but if you have the ability to buy the most expensive cars in the world this 1963 ferrari 250 gto cost 70 million dollars am i reading that right and now it's in your garage you also might own this 3 million bugatti or this 13 million rolls royce swept tail but the price of upkeep on a one-of-a-kind 70 million dollar car is pretty crazy we're talking an epic garage with private security and a luxury mechanic that's used to working with expensive vehicles the price of yearly upkeep could exceed two hundred thousand dollars depending on how much you actually drive the car so we'll say the cost is about 548 dollars per day it's time to finally leave your mansion for the day so how about we grab some lunch billionaires and millionaires could both technically afford california's most expensive restaurant or asawa it serves things like truffles and wagyu beef at a cost of fifty 450 to one thousand dollars per meal but a millionaire might not have the same reputation as a billionaire to help them skip the long lines and get a reservation personally i just go to in-n-out burger but whatever thankfully there are plenty of other options for millionaires to spend their money like providence a seafood restaurant where meals cost 165 dollars to 325 bucks or cut by wolfgang puck with an average price of 230 or if you prefer you could splurge on a private chef which costs an average of 490 dollars per day in california now that you're full it's time to hit your real destination your luxury yacht as a millionaire you probably own something like this prestige 360 motor yacht it costs 2 million and is about 62 feet or 19 meters long with a cozy and spacious cabin for a small yacht you're looking at annual fuel and maintenance to be about 10 percent of its value in this case it could cost 200 000 a year or 548 dollars per day as a billionaire you're going to go big or go home with this epic yacht this 1.5 billion dollar eclipse super yacht measuring 553 feet or about 168 meters long it has three launch boats two helipads and even a missile defense system that you'll hopefully never need to use fuel for a super yacht can add up to four hundred thousand dollars per year docking costs about 350 000 and a full-time staff can cost 1.4 million dollars annually so for a fully staffed eclipse you're looking at a daily cost of at least thousand eight hundred ninety dollars so you're soaking up the sun on your yacht when you realize you're running late for your flight it's a good thing you own the plane as a millionaire you can afford to spend ten million dollars for a used 2011 cessna citation x you'll also pay about three thousand dollars per month for storage and each refuel can cost eleven thousand dollars you're also looking at around two hundred fifteen thousand dollars per year in staffing costs if you only travel once a week that's still a total of five hundred seventy two thousand dollars minimum for fuel plus storage and staff comes to eight hundred twenty three thousand dollars per year or two thousand two hundred fifty four dollars per day as a billionaire you can afford to be a little more picky let's say you go big on this 400 million dollar boeing 747 8i business jet with a customized cabin fuel and crew and maintenance would cost about 13 450 per hour of flight time using it for just 10 hours a week would cost 6.99 million dollars a year or 19 161 dollars per day then of course there's storage which would be at least another five thousand dollars a month or 164 dollars per day now that the wheels are off the tarmac let's see where you're heading as a millionaire you decide to visit a spot favored by george clooney north island resort has only 11 villas and costs 11 000 per night a two week vacation cost one hundred fifty four thousand dollars for lodging plus about ten thousand dollars more for food and activities if you take similar vacations just four times a year you're looking at a yearly cost of six hundred fifty six thousand dollars or one thousand seven hundred ninety seven dollars per day as a billionaire you can definitely do better than that like this forty four thousand dollar a night vacation on fiji's private island the villa is only accessible via private road and reservations are personally approved by the island's owner you can also take advantage of some unique trips like a 195 thousand dollar 24-hour trip to antarctica if you take four of these vacations a year plus two more unique trips that's a total of 2.85 million per year or 7 808 dollars per day drum roll please all the activities you did today as a millionaire cost about five thousand seven hundred four dollars while living like a billionaire cost one hundred fifty six thousand one hundred eighty six dollars and that's all just to maintain your luxurious lifestyle and expensive purchases as a billionaire you spent about 27 times more than a millionaire which makes sense considering that someone worth 1 billion is 50 times richer than someone worth 20 million plus billionaires are known to be more frugal how do you think they amassed such a fortune in the first place below did you know that america's billionaires have a collective net worth or more than three trillion dollars meanwhile 84 percent of america's millionaires are only worth between one and two and a half million dollars thanks for watching and we'll see you next time

Channel: TheRichest

Views: 590,372

Keywords: americas billionaires, billionaire lifestyle, billionaire spending, california, jeff bezos, life of the rich, mark zuckerberg, millionaire lifestyle, millionaire spending, millionaire vs billionaire, most expensive, the richest, therichest

Id: LLGoXShJQsk

Length: 8min 39sec (519 seconds)

Published: Sun Apr 04 2021