“Let’s take my plane.”
Huge glittering precious stones, luxurious customized sports cars, lovely modern yachts and gigantic mansions are no longer the only measurements of wealth. In the world of the rich and famous, private jet planes are the new toys.
The Cost of Owning Private Jets
The revolution of aircraft taxis was postponed because of the collapse of financial markets. However the use of private planes for business is gradually making a comeback. And today, not only businessmen own private jets. Actors and pop stars are prized customers of private jet manufacturers. Considering these celebrities are required to be often on tour, owning their very own private planes is not really as extravagant as it may seem.
To give you an idea on how many dollars are being spent on the ownership of a private plane, here is a list of private plane price estimates from the National Business Aviation Association.
- Dassault Falcon 900 – $33,000,000
- Gulfstream G550 – $36,000,000
- Embraer Lineage 1000 – $40,000,000
- Bombardier BD-700 Global Express – $45,000,000
- Airbus ACJ – $65,000,000
- Boeing Business Jet 3 – $68,000,000
- Boeing 767 – $118,000,000
- Eclipse 500 – $2,500,000
- Boeing 747-8 VIP – $275,000,000
- Airbus 380 – $300,000,000
- Cessna CJ1 – $4,800,000
- Hawker Beechcraft Premier 1A – $5,125,000
Pop Stars and Their Private Jet Planes
The guy responsible for making your body dance through the hit Crank That bought himself a G5 that has a price tag of $35 million.
Jay Z, husband to Beyoncé Knowles, owns a Bombardier Challenger 850. However the $40 million used to purchase the private plane did not come from Jay Z’s pocket. The Bombardier Challenger 850 was given as a gift by Beyoncé. You got that right.
The ticketing and concert management firm Live Nation expressed their appreciation and gratitude to Lady Gaga through a 757 private plane. Complete with flight attendants, wireless internet connection, personalized Lady Gaga seat covers and sumptuous Italian fare, it is all sunshine and lollipops for the international star whenever she goes for a ride in her private plane.
P Square – Peter and Paul Okeye
Aside from their bus, Hummer and other SUVs, the successful singing duo also owns a private jet plane which they use for their music tours. Millions of dollars were coughed up by the twins in purchasing the private jet. Yet there are no regrets as the luxurious plane keeps them comfortable throughout their flight.