The lifestyles of the ultra-rich are characterized not just by luxury, but by the ability to make extravagant purchases that seem absurd to the average person. From fancy experiences to premium collectibles, there are many posh buys that only the 1% can afford to make.
Unless you’re rich, you likely won’t own any of these items. Here are 10 purchases that exemplify the 1% lifestyle.
1. Superyachts
Superyachts are basically floating mansions. These massive, luxurious vessels are often equipped with helipads, mini-submarines, and even their own beauty salons. Owning a yacht of any size is the epitome of wealth, especially since maintenance and staff costs can soar into the millions.
2. Private Islands
Some people can’t afford to vacation on an island, let alone buy one of their own. However, some people in the elite 1% own a private island. Extravagant purchases like this are a way to flaunt your wealth, all while carving out your own piece of paradise.
3. Rare Art Collections
The ultra-rich often invest in rare art with expensive price tags. They may even have pieces by legendary artists like Picasso or Van Gogh, which are sold at ritzy, exclusive auctions. This artwork is not only beautiful to look at, but can also be a significant store of value that’s worth more money down the line.
4. Custom Luxury Cars
You may not want to make extravagant purchases, but for car enthusiasts, it’s hard not to feel jealous of the luxury cars driven by the 1%. Some are even able to afford to customize their own Lamborghinis, Porsches, or Teslas to their 0specifications. This can include custom paint jobs, leather interiors, and state-of-the-art technology.
5. Private Jets
Wouldn’t it be nice if you could afford first class tickets on an airplane? Well, if you’re in the 1%, you may be able to own a private jet. People who can afford this luxury can travel on a whim without the hassles of commercial flying. The cost of purchasing, maintaining, and staffing a private jet can run into over $10 million.
6. Space Travel
It may seem crazy, but some people can afford to make extravagant purchases like flying to the moon! With commercial space travel becoming a reality, tickets for a trip to space are a new luxury item. Companies like Virgin Galactic are currently offering the wealthy a chance to become astronauts for a day.
7. Luxury Real Estate
The ultra-rich often own multiple homes around the world, especially in prestigious locations like New York City, London, or Monaco. These properties are not just homes, but also status symbols and investments.
8. High-End Antiques and Collectibles
Those in the 1% enjoy collecting unique antiques and collectibles. Whether it’s a famous actor’s autograph, a vintage car, or an ancient sculpture, these items can be purchased without the buyer even batting an eye.
9. Elite Club Memberships
Not all extravagant purchases are tangible items. Extra wealthy people can afford high-end memberships to golf clubs, social clubs, or even the invite-only American Express Black Card. This credit card comes with steep fees, but offers prestige and privacy, along with high-end amenities.
10. Designer Clothing and Jewelry
While it would be nice to buy an emerald necklace or Prada bag whenever we want, these items usually have a high price tag. Only members of the 1% lifestyle can afford to make these luxury purchases whenever they’d like.
Life of Luxury
These extravagant purchases signify wealth and exude exclusivity and prestige. Often, they are status symbols purchased just because it’s possible. While you may not be able to buy a private island any time soon, you can at least start being smarter with your financial habits!
Read More:
The Real Wealth: 14 Habits of People Who Grew Up Poor and Prospered
From Broke to Financially Woke: 10 Strategies That Can Turn Your Life Around
Alyssa Serio has been a writer and editor since graduating from Aurora University in 2014. In her free time, she loves reading, playing volleyball, and watching any horror movie (even the bad ones) with her husband.