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Are you looking to take up a hobby that isn’t just any run-of-the-mill activity?
Do you want something more unusual and exclusive, something only for the super-wealthy and elite few?
Well, look no further than our ultimate list of 17 hobbies reserved for the rich!
From extremely expensive cars to highly coveted collections, these hobbies don’t come cheap.
But if money is not an issue for you, why not try your luck at one of these luxurious activities – after all, who wouldn’t love to have some unique purchasing power?
So, let’s dive in and explore how the other half lives by uncovering what hobbies they enjoy in their spare time.
1. Seasonal Homes
Do you have more money than you know what to do with?
Then why not purchase a seasonal home in an exclusive location?
The rich and famous are known to own multiple homes for different types of activities, from summer resorts in hot climates to winter chalets up on the mountain.
2. Day Trip Around The World
Do you want to take a break from your everyday life and explore the world?
With enough money, you can enjoy luxurious trips around the world for days or weeks.
From private jets to exclusive hotels, it is time to experience all that life has to offer!
3. Investing in Real Estate
For many 9-to-5ivers, what comes to mind thinking of real estate is the generation of wealth and protecting your quids against biting inflation.
The perspective does not take such a severe tone for the super-rich, according to this person who recounted a meet and greets with a new top gun at her company whose fun time interest is in acquiring real estate.
4. Polo
Playing polo has long been seen as a rich person’s sport. But many people don’t realize just how expensive it is. While many think you need a single horse to play, you are required to have at least five horses.
On top of this, you need the land and stables for the horses when you don’t play, people to tend to the horses, and a trailer to get to the games.
5. Racetrack Membership
Someone who claimed to work at Porsche described racetrack membership as one hobby common to the la crème de la crème. ‘Many clients have racetrack memberships where they garage their cars and have track days. $80-90k initiation fee, $10k annual fee for some memberships.’
The user explained. That’s a lot of money to spend on any hobby, you would agree.
6. Traveling
While traveling can be done cheaply with proper planning, ‘doing it cheaply multiple times in a year’ speaks boldly of wealth, according to one user.
This person argues that round-the-year traveling does not only speak fluently of unbridled wealth because it is costly but because having the financial muscle to spend without being present at work is another level of upscale net worth.
7. Country Clubs
Golf is another rich person’s sport and many country clubs have high initiation and annual dues.
Granted you get benefits in addition to simply playing golf, but for $50,000 or more a year, the cost is out of reach for most people.
8. Collecting Art
Several users say that the art collection is a hobby of the super-rich, primarily because of the ridiculous prices of certain bids and auctions for prized art.
9. Buying Custom Homes
One person shared a story about crossing paths with a billionaire in an office bathroom who didn’t understand why home buyers would splurge money on homes without customization; another answer is that the billionaire’s hobby is one catalyst for the scarcity of affordable houses to low-income earners.
10. Summering
Where do you, Summer? According to one person is the question of the cliquey that points to the luxuriousness of their hobby. In response, another user jokingly remarked, ‘in my bedroom.’ Someone else lit the thread when they replied, ‘same as the winter.’ Another user raved, ‘And Spring, and Fall. I year in the same spot.’
Several users agree that summering is a unique tagline in the fun time conversation of the wealthy.
11. Philanthropy
Can giving be classified as a hobby? Turns out it is the top-drawer hobby of the most-moneyed, going to the narrative of several contributors.
Philanthropy is the prerogative of the aristocrats.
12. Mountaineering
Across the Himalayas to Everest, mountaineering is a popular hobby of those with big bags, according to one person’s account. This individual claimed a childhood friend who is a tour guide on Everest and charged as much as $200k in the booking.
Someone else supported the propensity of this claim to be true when they stated that countries like Nepal charge as much as $10K for the climbing permit.
13. Playing Tennis
Several users opined that playing tennis as a hobby is one totem of wealth that should not be disregarded. Someone said that while tennis may be inexpensive, most millionaires readily adopt it as their favorite hobby.
Several other persons, however, disagree with the affluent nature of tennis as a hobby, arguing that the hobby’s elevation as an opulence emblem is more a thing of cultural significance rather than a symbol of surplus.
14. Hiring People to Indulge in Your Hobbies
Are our hobbies usually tuned toward personal experience? ‘Hiring people to indulge your hobbies is about as 1 percent as one can get.’ Someone has said.
Imagine having enough money to have an artist on call to create artwork on demand. Or having enough money.
15. Yachting
Owning a yacht is tremendously expensive and as a result, screams a person is rich.
Not only do people have yachts for pleasure, but many race them, which is even more expensive.
16. Big Game Hunting
Hunting isn’t expensive, but when you are going after larger game, it is.
This is because you need to travel, buy the gear you will need, hire a person or company to guide you, and more.
All told, one trip could run your thousands of dollars.
17. Flying Planes
Flying a plane is not a cheap endeavor.
Your pilot license alone will run you at least $10,000.
Then you need a plane.
There are options here, but a jet will set you back $2 million or more.
And then there is the cost of flying the plane too, making this hobby only for the wealthy.
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I have over 15 years experience in the financial services industry and 20 years investing in the stock market. I have both my undergrad and graduate degrees in Finance, and am FINRA Series 65 licensed and have a Certificate in Financial Planning.
Visit my About Me page to learn more about me and why I am your trusted personal finance expert.