You already know a dollar doesnβt stretch as far as it used to in the United States. Surprisingly, even a million dollars often falls short for certain high-end luxuries.
Superyachts
While low-level millionaires might snag deals on older yacht models, superyachts are a different ballgame. Burgess Yachts defines a superyacht as a pleasure vessel over 24 meters (80 feet) with a full-time captain and crew employed year-round.
These luxury yachts come with hefty price tags. According to Galati Yacht Sales, their cost can range from a few million dollars to hundreds of millions, depending on size, amenities, and quality. Business Insider notes that maintaining a superyacht can cost owners about 10% of the purchase price annually, covering yacht crew salaries, dockage, fuel, and maintenance.
Private Jets
Feeling down about not affording a private jet? Youβre not alone. Research from Volato indicates that buying the smallest private jets starts at $2 million. On top of that, maintenance, fuel, pilot salaries, and hangar fees make private jets unattainable for many millionaires.
Full-Time House Staffs
Many millionaires can afford some household help, but a full staff is another story. According to Business Insider, a full-time staff might include a chief of staff, management team, butler, assistant, chef, housekeeper, nanny, tutor, chauffeur, and houseman.
Maintaining such a staff can cost a couple of million dollars annually, not including bonuses and health benefits.
Doomsday Bunkers
Even a few million dollars wonβt get you a high-end doomsday bunker, often referred to as billionaire bunkers due to their steep prices. Some of these bunkers can cost $20 million, but they come packed with luxury features like movie theaters, pools, climbing walls, and dog parks. After all, no one wants an uncomfortable doomsday bunker.
These examples highlight how even substantial wealth sometimes isnβt enough for the ultra-luxurious lifestyle many envision.
Matt Pinner is a dedicated journalist for WVPrepBB.com, specializing in USA and crime news. With a keen eye for detail and a passion for uncovering the truth, Matt brings timely and insightful reporting to his readers. His work on WVPrepBB.com keeps the community informed and engaged with the latest developments in national news and criminal justice.
