Rich people always live differently than the rest of us. While middle-income people cruise by canoe on weekends, the rich leave the port on luxury yachts. While we spend our time cuddling Labrador dogs, rich people keep more exotic animals like lions or tigers or fierce leopards!
Yacht
You don’t need to worry about the people you’re traveling with and whether they’re capable of driving the boat or not. Because most large yachts have a captain and crew, you don’t need to know how to sail the boat.
To own a yacht, you need a large enough bank account. According to TheRichest, renting a yacht costs about $5,000 a day. And according to Forbes, a 50m long yacht costs millions of dollars or more. But in reality, some luxury superyachts cost much more.
Play Polo
Polo – a team sport on horseback – is popular with royalty. So it’s no surprise that it’s also an expensive hobby.
For example, a full membership in the Detroit Polo Club costs $3,000 a year. And that doesn’t include the price of owning a polo horse, which can cost up to $250,000, according to the Boston Globe.
Race car driving
If you are adventurous and love cars, driving a fast car can be extremely exciting as you speed down the track. But don’t get too excited. According to Nascar Racing Experience, this hobby can cost up to $950 for 3 drives lasting just 8 minutes.
Hunt wild animals
Hunting doesn’t have to be an expensive hobby. But if you want to hunt big animals, be prepared that you will probably run out of money. The trip can cost tens of thousands of dollars for the thrill of hunting lions, elephants and other large animals. And some hunting expeditions can cost up to $70,000, according to USA Today.
Professional dancing
Taking a dance class probably won’t bankrupt you. But if you turn dancing into a serious hobby and embark on a professional path, it is a different story, the cost of competition, coach, travel, costumes and other expenses can be up to 10,000 VND. USD per year, according to CostHelper. That’s not too surprising, because dance lessons alone for major competitions cost between $50 and $200 per couple.
Raise rare animals
For some millionaires, owning a dog or cat in the house is not enough. They would rather collect exotic and expensive animals. Unfortunately, this hobby comes with a very expensive cost.
Buying a jaguar can cost an average of $15,000 to $25,000. A tiger cub can cost $5,200, while an adult tiger can cost $50,000. Meanwhile, a lion cub costs from 1,500 to 15,000 USD, an adult lion costs more than 94,000 USD, not including equipment and care fees of more than 10,000 USD per year, according to Big Cat Rescue.
Collect antiques
For rich, well-off people, collecting antiques can be an expensive hobby. For example, someone who wants to collect handmade rugs would have to pay $257,000 for a 150-year-old Persian silk rug.
Race
Going to the racetrack and placing bets doesn’t have to break the bank. But if you want to raise, train and race your own horses in competitions, that will cost a fortune.
According to The Jockey Club, a horse racing and breeding organization, the average cost of a racehorse in 2015 exceeded $65,000. The cost of this hobby increases when you add in the cost of food, grooming supplies and housing. Furthermore, training bills at a mid- to high-end racetrack can cost between $50,000 and $70,000 a year, according to NBC New York. The entry fee for the 2017 Kentucky Derby race is $25,000.
Climbing
Anyone can climb mountains for exercise or sightseeing. However, you will need to open more money if you want to conquer the world’s most famous peaks. Hiking one of these majestic peaks can mean finding professional guides, food, tents and oxygen tanks.
Prices vary, but a climber can expect to pay more than $15,000 just for the permit to reach the top of Everest. And even a low-budget expedition can cost a total of $25,000, according to MountEverest.net.
Hot air balloon
A hot air balloon ride offers a wonderful experience of the landscape below. And at $350 per person, a 90-minute trip on the weekend isn’t too extravagant.
However, if you want to make hot air ballooning a regular hobby, you may have to pay a large sum of money. You’ll have to spend about $3,750 on flight school to learn how to operate a hot air balloon and more than $20,000 to own a real hot air balloon.
Play golf
Anyone can practice their swing in their backyard, but the world’s most discerning golfers are always on the lookout for the best golf courses – and some don’t mind spending money for the privilege. Memberships to some of the most exclusive clubs in the world will cost you a pretty penny.
For example, the fee to join Trump National in Westchester is $30,000 to $50,000. Joining Liberty National Golf Club in New Jersey, which offers views of the New York City skyline, will cost $300,000, with an annual fee of $29,000 per family.
Parachute
A middle-class person will be able to afford to experience skydiving from a plane, although not often. A skydive can cost around $250.
However, making skydiving a regular hobby is a big investment. According to CostHelper, skydiving equipment alone costs between $6,000 and $19,000 to purchase.
Diving
Scuba diving is another expensive hobby that only the wealthy can experience on a regular basis. Although the price of a scuba diving certificate and equipment is around $500, it is not too high. However, scuba diving gets expensive when you add in the costs of transportation and accommodation at the best scuba diving locations in the world, such as the Great Barrier Reef, Kimbe Bay in Papua, New Guinea, and the National Park. Ras Mohammed country in Egypt.
Collect works of art
Collecting high-end art is one of the most expensive hobbies. Some of the world’s most expensive works include Pablo Picasso’s masterpiece, “Les Femmes d’Alger,” which sold for $179 million to an anonymous buyer in 2015, and “When Will You Marry?” by Paul Gauguin was sold to Qatar Museums for $300 million. Most recently, Mr. Mai Trung Thu’s Portrait of Miss Phuong reached the selling price of 3.1 million USD at Sotheby’s.
According to Money Inc, Sean Combs, Leonardo DiCaprio and Madonna are just a few of the masterpieces from prominent art collectors.
Play high stakes Poker
For the wealthy with hundreds of millions of dollars to waste, they will enjoy finding luck in a high-stakes poker game. They are played by some of the richest people in the world, with bets reaching up to millions of dollars.
Tourism
Almost everyone has enjoyed a short vacation somewhere. But not everyone has the luxury to travel and explore the world in style. With high-end accommodations, first-class travel and five-star cuisine, and a round-the-world cruise can cost up to $1 million.
Make wine
According to Jim Wang, founder of personal finance website Wallet Hacks, winemaking is another expensive hobby for the rich.
“I have an acquaintance who is a very wealthy businessman, and one of his hobbies is making wine,” he said. “We’re not talking about going to a winery, mixing their wines and calling it your own. That’s actually pretty fun and affordable. But my friend bought land, hired staff and it took a few years until he could actually bottle his own wine.”
There are many people who are interested in making wine on a more reasonable scale. However, if you want to start a winery in Napa, you can expect to pay around $100,000 per acre of land, according to Forbes.
Collecting classic cars
Members of the super-rich are known to collect rare and antique cars.
The price of a collection varies widely. For example, a 1954 Mercedes Formula One race car can cost around $29.6 million.
Private jet
If you have the dream of flying your own plane, you’ll need ample resources to pursue it. A private pilot license can cost $12,000 and a used six-seat Cessna Citation CJ3 can cost up to $2.5 million. After that, it can cost at least $100 to $200 per hour to operate the aircraft.
Instead of flying, you might consider renting a private jet from time to time. However, keep in mind that the most luxurious jets in the world are very expensive.