10 Overly Extravagant Luxuries The Rich Indulge In

If you just so happen to be, or become, a member of the ultra rich club, then chances are you are going to blow that cash on absolutely anything you want to and then some. Most people who have more money than they actually need don’t know what to do with it all, so it tends to go to items and luxuries that no one in their right mind actually needs in their lifetime. But they can afford it, much to the chagrin of those less fortunate in the world. Everyone with their head screwed on tight would kill for a chance to be an ultra rich individual. Here are ten overly extravagant luxuries the rich indulge in.

Personal Entourages

It is completely understandable that rich people want to have faux friends surrounding them, but having to pay for these people is just despicable. Some entourages will include personal assistants, drivers, and bodyguards, but they act like friends or family, not employed individuals.

Professional Sports Teams

A lot of rich people have spent millions, and sometimes even billions, of their fortune on a professional sports team. Apparently, owning your own football team is very important to those with money. In reality, no fan actually cares who owns the team.

Media Outlets

People like Oprah Winfrey spent their fortunes to purchase an entire media outlet to boost their fame and bank accounts even further. Anyone who is a talk show host or a singer can purchase one these days, it would appear.

Ultra-Extravagant Weddings

Wedding prices are going up in today’s market, and that is all thanks to people spending far more than they can afford on an ultra-extravagant wedding, which tends to include personal entertainment, rare flowers, and more. Some of these weddings cost up to $100 million.

Legacy Endowments

A Legacy Endowment seems quite pointless to many, but these are basically rich people spending large amounts of their personal wealth on lasting causes, such as schooling or renewable energy. It is commendable.

Election to Political Office

Obviously it costs an incredible amount of money to run for political office, and the likes of Donald Trump have recently shown us exactly what someone with billions can do with this country. Some political representatives are worth tens of billions these days.

$100+ Million Homes

How often do you take the time to simply explore your home? Almost never, because there really is no need to. You only need a kitchen, living room, and a bedroom in most cases. The super rich spend hundreds of millions on luxurious homes with rooms they’ll never set foot in.

Super Yachts

Super Yachts are a very specific luxury that happens to be quite popular these days. Some of these boats can range well into the 500 feet or more. They house entire helicopter pads, screening rooms, bowling alleys, and more.

Luxurious Submarines

It takes a special kind of rich person to spend their wealth on a personal luxury submarine. Submersibles are becoming more popular and frequently used to explore the oceans these days, but only the really rich can afford to get in one.

Personal Islands

Purchasing a personal island is basically the last thing a super rich person can accomplish. Mel Gibson, for example, handed over $15 million for Mago Island. David Copperfield, the famous magician, owns a string of islands in the Bahamas.