Travel Habits Of The World's Richest CEOs

running a multi-billion or trillion dollar company is hard work it takes extreme focus and dedication and the richest ceos in the world are constantly traveling for business only you won't find uber wealthy ceos like jeff bezos and elon musk flying commercial instead they fly around the globe in luxurious private jets that double as airborne offices ceos of mega cap companies are typically chauffeured around town in bulletproof vehicles and constantly surrounded by highly paid security officers however there are some exceptions notoriously frugal warren buffett prefers to drive himself to the berkshire hathaway boardroom here's a look at the travel habits of the world's richest ceos jeff bezos took amazon from a fledgling online bookstore and turned it into a tech behemoth with a market cap of 1.7 trillion dollars with a net worth of 194.4 billion bucks bezos is not only the richest ceo in the world he's also the richest person in modern history running a tech conglomerate is hard work and bezos has to travel all over the globe luckily he gets to fly in complete comfort because he owns not one but two gulfstream 650 er jets worth about 75 million dollars each the g650er holds the record for farthest and fastest flight in business aviation in history so flying from amazon hq1 in seattle to amazon campuses in far-off locales like luxembourg and india is a breeze bezos even spent extra to customize his private jets the g650er has a base price of 70 million dollars but bezos spent an additional 5 million dollars on each plane he can easily hold meetings in the air because the jets can transform from living mode to office mode simply move a few seats pull up the tables from the armrests and voila bezos's jets have to be in tip-top condition at all times who knows when he'll have to make a last-minute trip to amazon hq2 in arlington virginia that's why bezos keeps his jets safely tucked away in his 5.5 million dollar private hangar at boeing field just south of seattle it's just a short drive away from amazon's corporate offices and bezos's luxurious mansion bezos is constantly working on big ideas so he has no time to drive himself he gets chauffeured to tech demos and business meetings in a 96 000 bulletproof cadillac escalade or a 90 000 mercedes-benz s450 back in the 90s bezos rode in the back of a 60 000 lincoln stretch limo but now he prefers to travel more discreetly after all he's no longer worth a mere 1 billion basis is giving up his ce title in quarter 3 of this year and handing over the reins to amazon web services ceo andy jesse bezos will be transitioning to the role of executive chairman but he'll still have plenty on his plate he's not retiring anytime soon and will still have to travel all around the globe for business no one knows luxury better than bernard arno he's the ceo of luxury goods company lvmh and he oversees some of the world's best luxury brands like louis vuitton and sephora lvmh recently bought tiffany and company jewelry for 15.8 billion dollars so it's no surprise that rno has a net worth of 181.3 billion bucks when arno needs to jet off to a fashion week in new york or milan he hops in his 54 million dollar de so falcon 7x business jet the falcon 7x is designed to fly 11 019 kilometers which means arnold can travel non-stop from lvmh headquarters in paris to the luxurious ginza shopping district in tokyo japan spends more than 33 billion dollars on luxury goods every year so arno has to make frequent stops in the land of the rising sun he has to know which handbags sell the best the da so falcon 7x is the first business jet with fly-by-wire technology and it can land at almost 90 percent of its maximum takeoff weight that means the jet can perform multiple short and long flights without having to refuel arno travels in opulence on the ground too he is chauffeured around to business meetings and fashion shows in luxurious cars like his 110 000 bmw 760 li elon musk may not be quite as rich as jeff bezos but he has just as many cool toys in fact his toys are even fancier the tesla and spacex ceo is worth about 175.5 billion dollars so it's no surprise that he also owns a 70 million dollar gulfstream g650er a g650er cost about 700 thousand dollars a year to operate but musk can afford it he's constantly flying from tesla's headquarters in california to spacex launch sites throughout the us musk's g650er doubles as an office so he can check the latest starship specs while in the air if the gulfstream g650er needs repairs musk can fly to spacex's boca chica texas launch site in his 61 million dollar gulf stream g550 to call musk a frequent flyer would be an understatement in 2018 he logged more than 250 business flights and flew more than 150 000 miles musk prefers to drive himself rather than be chauffeured as it gives him a chance to test out the latest tesla models he mostly drives his 140 000 tesla model s performance but he's also fond of his tesla model 3p and his tesla model x if he needs something more rugged he opts for a 70 000 cyber truck prototype you might be surprised to learn that facebook ceo mark zuckerberg doesn't own a private jet even though he has a net worth of 110.3 billion dollars instead he charters private jets to fly him to business meetings and congressional hearings sec filings show that facebook granted zuckerberg a 23.4 million dollar allowance in 2019 for security and personal travel expenses 2.9 million dollars of that some was used to charter private jets the tech giant set aside even more money for zuckerberg in 2020. his security and travel costs in 2020 totaled 25 million dollars of which 1.8 million dollars was used to charter private jets zuckerberg's security and travel expenses are so costly because he chauffeured everywhere in bulletproof vehicles and constantly surrounded by his security team he even has a panic shoot in his office that can't be cheap they don't call warren buffett the oracle of omaha for nothing nobody can pick stocks quite like buffett and he doesn't spend a lot of money even though he's worth 101.3 billion dollars the berkshire hathaway ceo prefers to live a frugal lifestyle and rather than spending obscene amounts of cash he donates the dough to charity buffett's frugality extends to the way he travels when buffett has to travel to shareholder meetings or head to mcdonald's for an egg mcmuffin he drives his 45 000 cadillac xts you'll never find buffett behind the wheel of an expensive supercar in fact he seldom buys new vehicles at all before he bought his 2014 cadillac xts buffett drove a 2006 cadillac dts and if he has to travel across the country he flies in his 10 million dollar bumper to your challenger 600 it's the same jet he used for almost 30 years buffett purchased his private jet as a last resort he was against owning one for a long time and only gave in after he deemed it a business necessity after purchasing his private jet buffett nicknamed it the indefensible because he previously criticized private air travel as wasteful when he realized he would actually get a lot of use out of the jet he changed its nickname to the indispensable the world's richest ceos spend a lot of money flying around the globe all that travel is terrible for the environment so ceos often spend millions on carbon offsets take bill gates for example he's no longer the ceo of microsoft but he travels just as much as the world's richest business executives gates spends seven million dollars each year to offset his carbon footprint it may seem like a lot but gates is worth 131.1 billion dollars so he certainly can afford it that's it folks thanks for watching

Channel: TheRichest

Views: 116,221

Keywords: Bernard Arnault cars, Bernard Arnault jet, Elon Musk cars, Elon Musk jet, Jeff Bezos cars, Jeff Bezos jet, Warren Buffett cars, Warren Buffett private jet, how rich CEOs travel, richest CEOs, richest CEOs in the world, the richest, therichest

Id: VJF0tt_kJ7c

Length: 8min 43sec (523 seconds)

Published: Wed Apr 28 2021