MoneyWhat Rich People Do for Fun
Real wealth is when you can afford a lifestyle graced with adventure and fun activities. The rich love to spend money on things that they enjoy. You will often find them sipping some champagne on a yacht. If not, they are taking a jet flight to their favorite exotic tropical destination.
However, there is more that money can buy. Below are some ideas on what the rich do for fun.
You Won't Miss Them at the Golf Club
Golfing is definitely at the top of every rich man's list of fun activities. Statistics show that 51% of them play golf. 45% of wealthy golfers are members of well-recognized private golf clubs.
Besides being a wonderful pastime activity, golfing tends to blend well with business. If you happen to be lucky enough to have amassed a great fortune, you should join a golf club. Ask any rich guy, and they will tell you that the best business ideas are coined in these luxurious joints.
You might never know who you might meet when taking golf swings.
High Stakes Gambling
Gambling activities are about the stakes for wealthy people with millions to spend. Some of the world's wealthiest people participate in high-stakes poker tournaments, with some games necessitating millions to buy-in.
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The Rich Love Water
Water activities happen to be a common pass-time among the rich for decades. The number of wealthy boat owners grew from 38% to 40% in 2020. Boats serve as a great hangout location on weekends with friends, business associates, and family.
About 70% of boat owners enjoy swimming, jet skiing, sailing, tubing, and fishing in the ocean or lake. Yes, they are willing to spend on a brand-new yacht to have some fun with water tension.
We all know that Tennis is one of the go-to sports among the rich. Some engage in the sport to keep fit while others are in it for fun. You will often spot the big-money movers at high-end tennis courts swinging a bat.
Some take the extra mile by joining private clubs and participating in competitive leagues.
Wealthy individuals take pride in their belongings, including more than just several homes, nicer clothes, fancy automobiles, and electronics. According to surveys, 38% of the wealthy are collectors of various goods based on their interests.
Some people enjoy art and acquire works from well-known artists. Others prefer to own vintage automobiles and boats. Many people also collect old wine and preserve it in a custom cellar for events and guests.
Polo is a game played on horseback that the royals enjoy. As a result, it's no wonder that it's a pricey pastime.
Membership in a Polo Club costs about $3,000 per year. That cost doesn't include the cost of purchasing a horse, which might go for circa $250,000 for a polo pony.
Hiking a mountain is a great way to exercise and enjoy the scenery. However, if you desire to reach the summits of the world's most iconic peaks, you'll have to open your checkbook. Hiking the magnificent mountains can cost a lot of money, especially without a guide, a base camp, food, or oxygen.
Prices vary, but a single climber's license fees alone might cost $11,000 to reach the summit of Mount Everest. According to MountEverest.net, even a lean budget expedition can cost up to $25,000 in total.
Hot Air Ballooning
Hot air balloon adventures provide a unique perspective of the world underneath. A 90-minute ride for $250 per person isn't too pricey for the rich.
However, pursuing air ballooning as a pastime is pretty costly. To learn how to fly the air balloon, you'll need to spend roughly $2,750 on flying school and an additional $20,000 or more on purchasing the actual air balloon.
If you want to fly your own aircraft, you'll require the financial means to do so. A private pilot requires a license that can cost up to $12,000, and a used Cessna Citation CJ3 with six seats that costs about $2.5 million. Operating the plane will cost you about $100 to $200 for every flight hour on the low end.
Instead of purchasing a plane for occasional traveling, you might want to explore renting a private aircraft from time to time. Keep in mind, though, that the world's most luxurious jets are costly.
Hunting Big Game
Hunting isn't always a costly pastime. However, if you want to hunt big animals, be prepared to spend a lot of money. The pleasure of hunting lions, elephants, and other big-game creatures can cost a ton of dollars. According to USA Today, some hunting adventures can cost close to $70,000.
Visiting a horse-racing track and placing wagers does not have to be expensive. However, breeding, training, and racing your horse in contests can be costly.
The average cost of a racehorse as of 2015 was more than $65,000. When you factor in the price of food, grooming, and lodging, the cost of this hobby skyrockets can be even higher. According to NBC New York, training costs at a mid-to high-level horse racetrack can range from $30,000 to $50,000 per year. In 2017, the Kentucky Derby entry fee was $25,000.
The typical Joe can afford a skydiving adventure, which entails jumping from an airplane while wearing a parachute. One tandem dive might cost anywhere from $100 to $250.
Having skydiving as a regular hobby, on the other hand, requires a significant financial expenditure. According to CostHelper, skydiving equipment costs between $5,000 and $9,000.
With millions in your bank account, life must be easy, so why not try your hand at sailing? Many affluent people spend their days onboard mega yachts and sailboats, with Humphrey Bogart, George Clooney, and Jack Nicklaus among the most well-known nautical big names.
You do not have to be wealthy to collect vintage pieces. Estate and garage auctions can yield some high-value treasures. On the other hand, antique collecting can be an enjoyable activity for rich people with a lot of money to spend. Someone who collects handcrafted carpets, for example, might pay up to $257,000 for a century-old silk rug.
Constance Wu Signs With CAA .
EXCLUSIVE: Crazy Rich Asians and Hustlers star Constance Wu has inked with CAA, Deadline has learned. She rose to fame in the ABC comedy series Fresh Off the Boat as Jessica Huang, a role which earned her a Critics Choice Television Award nominatio. She also was lauded as part of Time‘s 100 Most Influential People of 2017. Last year, Wu wrapped up the sixth and final season of Fresh Off the Boat.