All the ways billionaires like Jeff Bezos and Mark Zuckerberg spend their billions — from lavish real estate to vintage car collections

  • Billionaires typically can afford to spend $US80 million a year, while most Americans earn less than $US60,000.
  • While some billionaires live below their means, many spend their billions on real estate, private jets, yachts, and cars.
  • Despite their lavish indulgences, many billionaires also donate billions to charity.

It’s hard to fathom life as a billionaire.

Business Insider previously calculated that the typical billionaire can afford to spend $US80 million a year, while most Americans earn less than $US60,000. And for the world’s richest billionaire, Jeff Bezos, who has an estimated net worth of $US156 billion, spending $US88,000 is similar to an average American spending $US1.

Where does one even begin to drop such billions?

While some remain somewhat frugal, such as Warren Buffett and Mark Zuckerberg, others are known to drop money on more lavish items. A sprawling real estate portfolio is a staple for billionaires, as is lavish means of personal transportation – think private jets, colossal yachts, and expensive cars.

But while many billionaires are known to indulge, they’re also known for their philanthropic efforts and donating billions to charity.

See how billionaires spend their billions.


Billionaires are often on the go — many buy a private jet to makes the jet set lifestyle that much easier.

Tyler Olson / ShutterstockDonald Trump.

Jeff Bezos, the richest man in the world, owns a $US65 million Gulfstream G650ER private jet.

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Business Insider


Businessman Mark Cuban also owns a Gulfstream jet — he purchased a Gulfstream V for $US40 million, the Guinness World Record for the biggest purchase ever conducted over the internet.

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Business Insider


Dell CEO Michael Dell has also been part of the Gulfstream club — he used to own a Gulfstream V, but reportedly upgraded to a Boeing Dreamliner 787.

Wikimedia Commons

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Wall Street Journal


Billionaires also get around the traditional way, via a set of four wheels — but these cars are typically either more lavish or vintage than the average American’s.


Bill Gates is an avid luxury car collector. His first big splurge after founding Microsoft was a Porsche 911 supercar. He later bought a Porsche 959.

H&H ClassicsPorsche 911.

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Business Insider


Elon Musk also has an affinity for cars. In 2013, he purchased the Lotus Esprit submarine car used in a James Bond movie for $US920,000. In addition to Teslas, he owns a Ford Model T and Jaguar E-Type Series 1 Roadster.

Sources: Business Insider, MONEY, CNBC


Rob Walton of the Walmart family fortune has a large collection of vintage cars. He once owned a Daytona Coupe, worth $US15 million and one of only five ever made.

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Business Insider


Dell also has quite the car collection, which has included a 2004 Porsche Boxster, Porsche Carrera GT, and Hummer H2.

Barrett-JacksonPorsche Carrera GT.

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Business Insider


But not all billionaires travel by air or by land — some travel by sea on their personal yacht.

Christopher Furlong/Getty Images

Billionaire Shahid Khan owns the 312-foot yacht Kismet, which has a weekly charter rate of around $US1.29 million. Billionaire couple Beyoncé and Jay-Z have chartered onboard.

Rob Wilson/Shutterstock

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Business Insider


Russian billionaire Roman Abramovich owns the second largest yacht in the world, Eclipse, equipped with two helicopter pads and a disco hall. It’s worth $US1.9 billion.

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Business Insider


Steve Wynn, cofounder of Wynn resorts, owns the 301-foot yacht Aquarius, which has a massage room, helipad, beauty salon, swimming pool, and beach club.

Ceri Breeze/Shutterstock

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Business Insider


And Paul Allen owns two superyachts — the 414-foot Octopus, which cost $US200 million to build and has a basketball court and recording studio, and the 303-foot Tatoosh, which he once tried to sell for $US160 million.

Source:Business Insider, Business Insider


A sprawling real estate portfolio is a staple for billionaires, who often spend and grow their billions by investing in property.


Michael Bloomberg reportedly owns between 12 and 15 houses around the world, from his home base in New York City and a ski resort unit in Vail, Colorado, to an abode in Bermuda and two houses in London, including one in Knightsbridge worth $US18 million.

Chrispictures/ShutterstockKnightsbridge, London.

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Business Insider


In addition to his $US125 million Seattle home, Gates spent $US27 million on a string of properties in Wellington, Florida, and $US18 million on Rancho Paseana.

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Business Insider


He also has partial ownership of Charles Hotel in Cambridge, Massachusetts, and the Four Seasons hotel chain.

Facebook.com/CharlesHotelThe Charles Hotel.

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Business Insider


Bezos is one of America’s biggest landowners and owns five homes across the US in Medina, Washington; Beverly Hills, California; Van Horn, Texas; Washington, DC; and New York City

Harrison Jacobs/Business InsiderThe gate of Bezos’ estate.

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Business Insider


Bezos’ Washington, DC abode is undergoing $US12 million in renovations. The former textile museum, which he bought for $US23 million in 2016, will become a two-structure compound used largely for entertaining.

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Business Insider


Former Microsoft CEO Steve Ballmer also has residence in Washington — he owns a $US10 million waterfront home in Hunts Point, Washington, and property on Whidbey Island.

Bing MapsSteve Ballmer’s house in Hunt’s Point.

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Business Insider


Dell owns a 33,000-square-foot home outside of Austin, Texas, and a 6,380-square foot ranch house nearby. He also reportedly owns a four-story home on the exclusive Caribbean island of Anguilla and an 18,5000-square-foot compound in Hawaii worth $US73 million.

Google MapsMichael Dell’s Hawaii estate.

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Business Insider


Dell and Walmart billionaire Rob Walton both share a stake in the resort area of Hualalai, Hawaii.

Four Seasons HotelsFour Seasons resort in Hualalai, Hawaii.

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Business Insider


Rob’s sister, Alice Walton, owns a two-floor condo on New York’s Park Avenue, which she purchased for $US25 million in 2014. It has more than 52 large windows overlooking Central Park and more than 6,000 square feet of space.

iStock

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Business Insider


Billionaire couple Evan Spiegel and Miranda Kerr own a $US12 million, 7,164-square-foot home in Los Angeles and a $US2.15 million ocean view home in Malibu.

Altitude Images/Shutterstock

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Business Insider


Another well-known billionaire couple, Beyoncé and Jay-Z, have a massive real estate portfolio across the Hamptons, New Orleans, and Bel-Air. Collectively, the properties are worth more than $US116 million.

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Business Insider


Musk owns more than $US70 million worth of residential property in Bel-Air, including a $US24 million estate and a $US17 million mansion.

Google Maps

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Business Insider


Mark Zuckerberg also has plenty of property in California. He bought his 5,000-square-foot home in Palo Alto for $US7 million. Shortly after, he began buying properties surrounding his home, totaling more than $US30 million.

Zillow

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Business Insider


Zuckerberg also owns a San Francisco townhouse, which he renovated for more than $US1 million. He also purchased two properties in Kauai, Hawaii, for $US100 million.

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Business Insider


Some cities are such a special place to billionaires that they buy their local sports teams.


Cuban bought the Dallas Mavericks for $US285 million in 2000.

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Business Insider


Jerry Jones owns the Dallas Cowboys, which he paid a record $US140 million for. The team was worth $US4.8 billion as of September 2017.

Tom Pennington/Getty Images

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Business Insider


And Robert Kraft owns the New England Patriots, which he purchased for $US175 million.

Jim Rogash/Getty Images

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Business Insider


In 2014, Ballmer bought the Los Angeles Clippers for $US2 billion.

Stephen Dunn/Getty Images

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Business Insider


And Allen owns not one, but two teams: the Portland Trail Blazers and Seattle Seahawks.

Stephen Brashear/Getty Images

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Business Insider


Meanwhile, other billionaires invest in media.


In 2013, Jeff Bezos acquired The Washington Post for $US250 million.

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Business Insider


Laurene Powell Jobs founded Emerson Collective, an organisation that makes grants and investments. Through Emerson, Jobs acquired a majority stake in The Atlantic.

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Business Insider


And Salesforce CEO and cofounder Marc Benioff and his wife announced in September 2018 that they’re buying Time Magazine for $US190 million cash.

Kimberly White / Stringer

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Business Insider


Some billionaires invest in art.

Facebook/Crystal Bridges

One of Bloomberg’s houses in London is reportedly filled with American art.

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Business Insider


Gates also has expensive art hanging in his home — he bought a Winslow Homer painting for $US36 million in 1988.

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Business Insider


Alice Walton is a huge patron of the arts. She has an immense private art collection that includes works from Andy Warhol and Georgia O’Keefe. She once spent $US44.4 million on a Georgia O’Keefe painting — the biggest sale for a woman’s piece of art in history.

D Dipasupil/Getty Images

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Business Insider


Walton even opened a museum called Crystal Bridges in 2011 to house her $US500 million private art collection.

Flickr / Kevin DooleyCrystal Bridges Museum.

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Business Insider


Despite their lavish purchases, many billionaires also donate money toward philanthropy.


The Gates have donated more than $US36 billion to charitable causes through the Bill and Melinda Gates Foundation, including global health and development and US education.

Source:
Business Insider


Zuckerberg is donating some of his Facebook shares to the Chan Zuckerberg Initiative, a philanthropic organisation he founded with his wife in 2015. They invested $US3 billion into research focused on curing the world’s diseases by the end of the century.

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Business Insider


The Chan Zuckerberg Initiative also gave $US5 million to help at least 60 teachers in Redwood City and East Palo Alto, California, purchase real estate.

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Business Insider


Personally and through his foundation, Bloomberg Philanthropies, Bloomberg has donated $US3 billion to a variety of charitable causes.

Tim P. Whitby/Getty

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Business Insider


Dell’s charitable foundation has given away $US1.23 billion to nonprofits and social enterprises in the US, India, and South Africa since 1999.

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Business Insider


WhatsApp cofounder Brian Acton has launched three charities: Sunlight Giving, Family Giving, and Solidarity Giving, which collectively support basic needs of low-income families, build empathy, and focus on human and civil rights.

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Business Insider


WhatsApp cofounder Jan Koum donated $US556 million to the Silicon Valley Community Foundation after the sale of WhatsApp.

Getty

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Business Insider


And Warren Buffet — ever the frugal billionaire — has donated more than $US28.5 billion to charities throughout his lifetime.

Alex Wong/Getty Images

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Business Insider

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