Most Expensive Hobbies That Define a Luxury Lifestyle

Almost every person on our planet has a hobby to which they devote their free time. This activity allows them to take a break from everyday affairs and enjoy performing various actions. If the poor are limited to some banal hobby, such as video games, visiting their favorite team’s stadium, having a picnic in the backyard, etc., then the rich are entirely different. They often choose incredible hobbies that match their status and require significant financial costs.

Luxurious Hobbies That Only the Rich Can Afford

In our article, we will discuss such hobbies and tell you what makes them attractive.

1. Yachting

One of the most expensive hobbies in the world is yachting. This activity suits people who love adventure, outdoor recreation and cruising along picturesque water routes. What makes it incredible is the ability to choose how to spend your free time. You can sail in various exotic places, have a party on the water, have a quiet holiday away from the crowds and much more.

To understand why this hobby is expensive, look at the price of yachts. It varies widely but rarely falls below several million dollars. At the same time, the upper limit flies into the sky. For some yachts, their owners have to pay even more than 1 billion dollars. In addition, the costs include the salaries of people who will operate the boat and monitor its condition, fuel costs and mooring fees.

Read More: Why are Great Lakes Cruises so Expensive

2. Space tourism

This relatively young hobby is quickly gaining popularity among wealthy people. It gives everyone with at least several hundred million dollars in their bank account the opportunity to go into space and experience the absence of gravity. You must undergo special training and obtain permission to fly to do this. However, various difficulties do not scare fans of incredible hobbies; they are happy to agree to any conditions.

This hobby is still in its initial stage of development, so in the future, space tourism may become cheaper. Space flights offered today cost at least 1-2 million dollars, which is the minimum price for spending only a few hours outside our planet. The most extended trips into space cost more than 50 million dollars. If they are supplemented by the opportunity to observe luxurious space landscapes (for example, views of the Earth from different angles), then the price becomes even higher.

3. Hunting for rare game

A trendy and expensive hobby among hunting enthusiasts is the extraction of rare trophies. This activity involves long trips to exotic places where the animals of interest to the hunter are found and a complex process of obtaining permission to kill a rare representative of the fauna.

This hobby is costly not only because the hunter will have to spend much money on travel and paperwork. Also, the list of mandatory expenses will include the cost of a guide, the purchase of suitable equipment, weapons (often the most modern), ammunition, digital night vision monoculars and other optics. All this will make hunting rare animals a hobby costing hundreds of thousands of dollars or more. However, many millionaires consciously go for such expenses and strive to get the main trophy of their life in this way.

4. Art Collecting

This popular hobby worldwide is considered one of the most prestigious and expensive. It involves collecting various works of art, from paintings to sculptures. All of them are used by collectors for daily visual enjoyment or as a profitable investment.

Most of the collected works of art are the product of the creativity of famous past masters. This circumstance makes them extremely valuable for history and, of course, very expensive. For some paintings and sculptures, collectors will have to pay tens or even hundreds of millions of dollars, which makes this hobby available only to wealthy people. With the purchase of any work of art, the expenses do not end.

Quite large sums will be spent on creating optimal storage conditions for this or that masterpiece and maintaining it in perfect condition. Only highly qualified specialists can perform these types of work with high quality, and therefore, the salaries of these people should also be included in the expense item. If you add up all the costs, it will immediately become clear why collecting works of art is one of the most expensive hobbies.

5. Car collecting

Car collecting is no less expensive. This popular hobby is available only to the wealthiest, whose income is tens of millions. Its main advantage is the opportunity to enjoy daily observation of various vehicles and use them for their intended purpose.

Of course, collectors are not interested in ordinary cars that can often be seen on the roads of any city but in exclusive ones. There may be retro cars produced many decades ago, vehicles of some celebrities, unique models and modern supercars. They are all costly, so collecting becomes the most expensive hobby. As in the case of works of art, after purchasing a collectible car, it will need to be constantly looked after and protected, and ideal conditions will be created in the garage.

All this will only increase the cost of the hobby and once again prove the fairness of its presence at the top of the most incredible and expensive hobbies.

6. Equestrian sport

Throughout civilized society’s history, this hobby has been one of the most popular among aristocrats. This is due to affluent people’s love for horses and their need to invest money. Today, there are many varieties of equestrian sports (show jumping, polo, dressage, etc.), each of which forces its fans to spend vast amounts of money.

Most of the expenses of an equestrian sports fan are associated with purchasing a horse of a special breed. Some can cost up to 200 thousand dollars, immediately making this hobby available only to the rich. Then you will have to spend money on the maintenance and care of animals regularly. The list of expenses will include the payment of veterinarians and other people who will be constantly near the horses, as well as financial losses from transporting animals to the competition venues.

7. Airplane flying

This incredible hobby is ideal for people who love freedom. It allows you to overcome gravity and experience all the delights of flying. At the same time, this activity is not suitable for everyone. It has certain limitations and requires significant financial investments. The latter turns flying on an airplane into one of the most expensive hobbies.

In most cases, fans of this activity buy an airplane. Depending on its size, characteristics, and capabilities. However, it will not be less than 100 thousand dollars. Sometimes, you will even have to add another zero to this amount. Expenses will also include fuel purchase, aircraft maintenance, insurance and rent/purchase of space for storing aircraft.

8. Scuba diving

Those who want to escape our world and find themselves in a different environment choose scuba diving. This hobby allows one to see many aquatic inhabitants up close, enjoy the beauty of coral reefs and swim near sunken ships.

Scuba diving is the most expensive hobby. It requires special equipment, often costing tens or hundreds of thousands of dollars. Other expenses include long flights to unique diving spots, renting or purchasing suitable water transport, and paying for the services of specialists who monitor safety and perform other important tasks.

9. Traveling to unique places

A fascinating hobby is traveling to various exotic places. It allows you to see the beauty of our planet, study the peculiarities of people’s lives in different parts of the world and see unique sights.

This hobby is expensive because of the long list of mandatory expenses, without which the trip would be impossible. The most significant costs will be long flights and subsequent trips to exotic places where someone rarely sets foot. You will also have to spend a lot of money on insurance, accommodation, entertainment, security, and organizing various events that will allow you to enjoy the trip thoroughly.

Read More: Where do Rich People Vacation

Final Words

All people have some hobby. Some choose the most straightforward and most accessible entertainment for everyone, others come up with something more original but not too expensive, and still others opt for something incredible and costly. The latter case is rare since such hobbies are often available only to a few. Nevertheless, yachting, space tourism, collecting various rarities, and so on occupy an essential part of the lives of rich people and allow them to enjoy life truly.