Key Concepts:
- Billionaire luxuries
- Private jets
- Essential indulgences
- Forbes survey
- Net worth
Survey of Billionaire Luxuries
Forbes conducted a survey this winter to determine the one luxury billionaires consider absolutely essential. 40 billionaires responded to the survey.
Most Common Luxury: Private Jets
The most frequent response, chosen by a dozen respondents, was a private jet. This indicates the importance of convenience, time-saving, and accessibility that private air travel provides to billionaires.
Other Notable Luxuries
Following private jets, three billionaires listed their phones as an essential luxury. Prestige cars, second homes, and air conditioning each received a couple of mentions.
Personal Relationships
Two billionaires listed their wives as an indispensable luxury. Charles Ko, chairman of Ko, Inc., with an estimated net worth of $67.5 billion, specifically mentioned "Liz for 57 years." This highlights the value placed on long-term relationships and companionship.
Experiences and Privacy
Steven Smith, founder of Canada's First National Financial, with a net worth of $6 billion, cited heli-skiing as his essential luxury, emphasizing the importance of unique and thrilling experiences. One anonymous respondent fittingly chose "Privacy," underscoring the premium placed on seclusion and control over one's personal life.
Attribution
The full coverage of the survey can be found in Monica Hunter-Hart's article on Forbes.com.
Conclusion
The survey reveals that while material possessions like private jets and prestige cars are highly valued, billionaires also prioritize personal relationships, unique experiences, and privacy as essential luxuries. These findings offer insight into the values and priorities of individuals with substantial wealth.
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