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  • Sunday, October 23, 2005

    Hyper rich proving their taxes are too low

    From BusinessWeek Online via Yahoo:

    The superrich are increasingly buying widebody planes, remodeled to their own preferences for luxurious living aloft.

    ... Increasingly, the world's superrich are buying big, big planes -- the same kind of widebody Boeing and Airbus jets the airlines use on long-haul flights -- and outfitting them with everything from his-and-hers bathrooms to onboard movie theaters...

    These airborne penthouses cost plenty. New widebodies, such as the Airbus A340 and the Boeing 777, list for well over $100 million. Even the oldest secondhand widebodies cost at least $10 million. A customized interior adds $25 million to $30 million, says Ed├ęse Doret, a New York-based designer who has outfitted several big planes for private use.

    Most overly rich people are content proving that they have too much and don't know how to spend it by buying some ridiculous sports car for the price of a house. This is an order of magnitude beyond.


    At 10/24/2005 12:44:00 am, Blogger Jez said...

    you could probably DIY the interior yourself, thus saving 25 to 30million bux...pretty good investment, I'd say...

    At 10/24/2005 02:18:00 am, Blogger DJEB said...

    It's hard to DIY an airplane interior. The fixtures and furnishings have to meet a safety code (able to withstand 10 gravities of force without breaking or moving, if memory serves correctly). You might design it, but building it is another matter.

    At 10/24/2005 02:03:00 pm, Blogger Jez said...

    You mean these planes are meant to be flown by their hyper-rich owners? I thought they were for 'ground use'...


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