3 Summer Travel Tips Used by Billionaires Like Cuban or Bezos That Simply Don't Apply To You ;)
If you're looking for summer travel tips, most experts will tell you to book flights early, pack light and avoid peak travel days. But for billionaires who have made this world their playground and relegated everyone else to the role of hall monitor who is not allowed outside for recess, they might have a different view of just how easy it is to drop everything and go on vacation.
When your vacation budget has more zeros than a small country's GDP, travel hacks probably include buying the island you’re visiting, you know, to avoid the crowds. While you are busy hunting for flight deals and comparing hotel reviews, billionaires like Mark Cuban and Jeff Bezos can solve travel inconveniences by simply throwing money at them.
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Here are a few summer travel tips inspired by the ultra-wealthy, and why they probably won't help on your next family vacation.
Skip the TSA Lines by Buying Your Own Private Jet
Cuban, the maverick billionaire entrepreneur himself, famously purchased a Gulfstream jet for about $40 million in an online transaction, earning a Guinness World Record for the largest e-commerce purchase at the time, as reported by Simple Flying.
Bezos has spent an estimated $220 million to $230 million all day to purchase his private jet collection, and often sells them for a loss. According to Privatejets, Bezos has listed his 2015 Gulfstream G650ER private jet for sale for around $39 million, a major drop from its original $65 million price tag. He also reportedly has a Gulfstream G700 worth about $80 million and probably a few rocket ships lying around.
So, if you are feeling stressed about airport security lines, one quick fix is having a billion dollars. If that is a bit outside of your financial mood board, you may have to try more practical travel hacks and plan on arriving at the airport at least two hours early.
Just Bring a $500 Million Yacht If You Can’t Find a Hotel
Absolutely nothing ruins a vacation like discovering your beachfront resort is fully booked. Now where will you stay?
Well, Bezos solved this problem by owning Koru, one of the world's largest sailing yachts, reportedly costing around $500 million. But don’t worry, it has a support vessel, the Abeona, which merely cost an additional $75 million, according to Architectural Digest. Plus, you also need to factor in the $30 million yearly operating costs for both vessels, so have that pocket change ready.
So, while you’re refreshing booking sites every 10 minutes and debating whether the hotel pool photos are accurate, billionaires have a different menu from which to order. Don’t worry though, as Kayak reports that though prices vary by location, beachfront hotel costs average between $150 and $300 per night nationwide, which might be more in, you know, most people on the planet’s price range.
Upgrade Every Vacation by Having an Unlimited Budget
Financial experts often recommend creating a travel budget, which is sound advice, unless, for example, you have an estimated net worth of oh, say $257.9 billion and are currently the fourth richest man in the world like Bezos.
That’s why billionaires tend to interpret that concept of having a budget a little differently. Even Cuban, who is about $251 billion poorer than Bezos with an estimated $6 billion fortune, most likely doesn’t buy trips on Groupon.
To put this into perspective when it comes to summer travel, while Pacaso projects that the average person spends about $1,991 per person for a week's vacation domestically, Bezos got married during his summer vacation, where he allegedly spent between $46 million and $55 million, according to Forbes.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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