The REAL Cost of Owning A Private Jet

[@andreasandreas5263]

Finally a video expressing and addressing all the questions I need to wrestle with on a day to day basis to survive.

[@livys788]

Ha you wish😂

[@mayoro.4539]

Lol.

[@petdackson]

LOL!!!!

[@haseebscott25]

😂😂

[@wisfinish]

Lol

[@georgewestmoreland4335]

I own my own private jet in Jamaica, a Gulfstream 650 the only difference is its made out of wood and it does not really fly I just push it along the ground with a piece of stick and make jet engine sounds with my mouth, well what do you want from me its my private jet.

[@RyanMackle]

@Jorden Atwater take a fucking day off jordan and have a laugh

[@colin4839]

ehh me too. it costs a lot tho. i pay like 5 million every year cause i use it so much. but since im the one operating everything i pay myself so its okey

[@coen849]

😂🤣👍🏻

[@staysober6033]

I just own a paper one. even the wheels are made of paper. It also doesnt fly, I just run around the house with it and also make noises with my mouth, its a G550 - not as good as Mr. Luxury's =)

[@fittippaldifittippaldi7598]

George Westmoreland i own a lot of toilet papel that you don’t have lol

[@krillgaming4044]

Why would I need insurance on a private jet. If it crashes I’m dead .

[@kingfunnyvibes7605]

Im dead after seeing this😂😂

[@Charles53412]

ROFL, Why do you need one for a car, a boat, a motorcycle etc. then ?

[@ibrahimislam8514]

@@Charles53412 Your not necessarily going to die from a crash in those.

[@Charles53412]

@@ibrahimislam8514 Nor a plane !

[@SuperCowboys16]

Dash Moments hopefully u got life insurance

[@hiphopmusicallday100]

Rules number 1 Don't buy a jet if you not a billionaire Yes that's it .

[@Dragon_Warrior7625]

Not only A billionaire.... You have to be a multi-billionaire...

[@devilsoffspring5519]

@@Dragon_Warrior7625 Not really, but you should probably be worth several tens of millions before considering buying a decent used one. Don't want to cut into the caviar and/or champagne money too much :)

[@MonicaHolly143]

There's a bunch of 100m person that owns private jets

[@charlest2858]

Millionaire****

[@williammills5597]

A rough estimate not including things, he didn’t give an actual number to. So we are going to pretend the jet hasn’t gotten a flat tire, windows haven’t broken yet and no de-icing needed. The crew stays at your home or condo when you land somewhere, because I don’t how much a ladling, food and transportation would cost or the cost of repositioning to send the crew home and this isn’t including a sudden emergency maintenance issue. I also did just the most expensive jet the golfstream, would cost approximately $2,090,250.00 per year to maintain and fly 200 hours per year. That’s including the hanger fee of $81,000 per year and the $144,000.00 per year for LAX hanger fees, since he goes from LAX to London, I’m going to assume he lives in London. His accent gave him away. Another rough guess, it would be about $2.5 million per year to fly 200 hours. That would include crew benefits like lodging, food and transportation, windows and other mechanical fixes that came up etc. it’s always better to over estimate, then under estimate and you can’t afford the expense anymore. So if tomorrow you won the lottery and after taxes you had $200 million to splurge on stuff. You could buy and fly your plane for the next 20 years, and still have $80 million to purchase a nice home. You could also charter your plane when it’s not being used. There’s companies that you can call that do that. So you don’t need to be a billionaire, otherwise movie stars wouldn’t be able to afford one. There’s no movie star that’s got billions except I believe Oprah is the only one. The rest hover around 600 million or less.

[@tgfererer4961]

When a metal tube flying in the air is nicer than your entire house.

[@pito4600]

Rather that than a tube filled with demons. 😂

[@mosesmuhane]

Imagine.

[@gruppasaribu3288]

@@pito4600 iiv ijuk i Inb ioovi jo obvbj ubi ibii pi ov iovibibjvo pin ii vbo puji b b oojivvioiviivviiivjooiii boo v piknik iv hong iobboboo pin popok Bob bvbivjivjoioviho i hovov8v

[@1whannibalr428]

Neither the narrator nor the watcher owns a private jet

[@jayy1001]

1 whannibalr why you gotta call me out like that 😂🤣

[@johndowd5792]

Good shout.

[@johnj9976]

@@jayy1001 Date a rich guy, you'll experienced that. For me, I own a blunt, so I'm high up in the the sky

[@coleullman5759]

my family has had netjets for a long time and it's worth it

[@SanT-mi8ng]

I do.

[@danmaddox8211]

The only thing Mr. Luxury owns is an imagination.

[@malcolmlagares8245]

That was funny. Thank you. LOL

[@hassanmohamed4070]

😂

[@petero9270]

And even that costs an exorbitant amount of energy because I still can’t afford one!lol

[@moses_ironside3920]

Lol 😂

[@ebinom8112]

Someone better tell Mr Luxury to wake up and stop daydreaming! He's a broke-ass like the rest of us 🤣🤣

[@kamel3d]

So you use to own a privet jet and now you making youtube videos and asking people to like and subscribe 😂

[@ajaysharmahindwan]

Hahaha , nice one . If I have that much money , I will invest on business .

[@scottmcdonaldAAL211]

The ex-wife got the jet. He got the payment book.

[@richardsondogger2165]

@@ajaysharmahindwan if you can afford a plane, that money is just you spare money

[@ajaysharmahindwan]

@@richardsondogger2165 but I will prefer to give money needy people . I will promote student ( like me ) to start start up .I will give money to wild life century .

[@nicasshija9463]

🤣🤣🤣🤣🤣

[@jamiemary5933]

*Rich people plays the money game to win.* *Poor people plays the money to not lose.* *The goal of the truly rich people is to have massive wealth and the poor sees a surplus as an opportunity for consumption instead of investing it.* *change your mindset and do what the rich does,* *which is investing,* *investing and investing.*

[@gabrieldolph508]

I wouldn't blame the poor if they sees surplus as an opportunity for consumption..

[@gabrieldolph508]

But I will blame the middle class if they do that.

[@marvlimann9275]

@@gabrieldolph508 don't forget, that's the mistake we do. We don't invest when others do. But we want to be rich like them.

[@marvlimann9275]

@@gabrieldolph508 investing in financial markets is a risk worth taking for the rich. But for the poor they are not ready to risk that little they had. *That's poor mindset killing them.*

[@vikramayang190]

@@marvlimann9275 I'm sure you are not speaking out of the mind/mouth of the poor. I have been investing in the Indian stoch exchange market but till now there's nothing to write home about. And you expect me to keep up to date.. I don't believe theses kind of investment really works.

[@ibrahimabdulahi1564]

IF YOU WANT TO BE SUCCESSFUL HAVE THE MINDSET OF THE RICH, SPEND LESS AND INVEST MORE. DON'T GIVE UP YOUR DREAMS.

[@jamesbaothanh9534]

@Mellitus Osinachi people are scared of investing because of high rate of scammers and unprofessional broker in the market.

[@jamesbaothanh9534]

@Sophia Baker Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.

[@nathanqueennet5812]

I have been making a lot through bitcoin trading which has been the main source of my income

[@nathanqueennet5812]

@Christy Logan I have a similar testimony with 1.9 BTC, I already have 6.4Btc within 4months since contacting him

[@kabiruusman1744]

@Emmanuel Ransom My first Investment with expert Jay Pelle FX has earned me profit of over $24,320 US dollars and ever since then he has been delivering

[@jobkroon6712]

This guy so doesn't own a jet

[@jeremiahnoar6497]

it's part of the character

[@axeDev]

🤣

[@garyjohnston6248]

Maybe a paper Airplane.

[@voxer99]

He sounds like a complete wanker.

[@franklindurang]

No shit....

[@thangzmung1]

Me watching this at 3am who can’t even afford a Bicycle.

[@tentaculaire84]

me drunk at 2 am right now lol

[@khanhtrunglam8724]

3:02 now LOL

[@gillesbueno1153]

It’s only 9 PM today and I ve got the same issue...

[@akashjp8406]

Bro anything is possible just trust yourself you'll buy one day

[@asimalharbi8796]

Thats ok may be we survive the coronavirus. And the nation appreciate us and give us millions😁

[@maryagyemang9870]

Fun fact this dude works at the Mac Donald’s around the corner

[@riverboy6112]

How do you know that smh🤦‍♂️🤦‍♂️

[@tribefenatic]

@@riverboy6112 dude smoke something will ya! it's a joke, sheesh!

[@buh5995]

and still, its a decent job :D better than to be bottom worker if you know what i mean :D

[@ruthuku]

😁😁😁😁😁😁😁😁gosh!!!

[@dorian9108]

This guy pretending to be rich is like adults trying to “keep up with the kids”

[@riverboy6112]

And how do you know he isn't rich

[@LuKiSCraft]

He honestly might be that rich but idk. If he's gonna make claims like this, he has to make a video explaining how he climbed to a 9-figure net worth. Lol

[@11bornrich]

@@LuKiSCraft I think it's more humour than seriousness lol

[@LuKiSCraft]

@@11bornrich Yeah most likely.

[@SuperCowboys16]

At these prices you’re gonna be bankrupt before your plane ever leaves the runway

[@marshalking5935]

He mentioned he owned a private jet 7 times

[@mr.astronomy807]

😆

[@vart7767]

Usually means your lying if you have to convince or brag about something!

[@mitchr482]

It's called sarcasm.

[@nkgreenday]

Another huge fee is the routine maintenance. That includes a 50 hour and 100 hour of accumulated flight time inspection. You also must have an annual inspection. Besides the 50 hour, These are mandatory or else the plane isn’t even considered “airworthy” to carry passengers.

[@MrFg1980]

Being a pilot, I've actually given this a lot of thought. If I win the PowerBall or MegaMillions, I do not want to manage fixed and operating costs at all. I'd charter based on trip distance, cargo considerations, and runway length of destination airport. All I want to do is ride...

[@marcoscasado8698]

Me too. I wouldn't have a plane not even in a million years. Is way better to do charter.

[@sadekkafesh6490]

Wouldn't it be better to buy is. And rent it out whenever not in use? That could probably be an investment right?

[@RudeBwoii]

​@@sadekkafesh6490 Landing fees, tarmac fees, fuel bill per flight, hanger fees, etc, all still apply when renting it out. I imagine that's why chartering a plane is so expensive, and a huge portion of the charter fee goes into offsetting the fees associated with such use. However, after subtracting all those fees associated with renting out your plane, your profit is essentially peanuts. ~13k charter fee on a G650 minus all those fees will probably net you at most $3-6k per charter. As someone who bought a G650 for $65.5 mil, are you really missing $5k profit per weekend? Not to mention, the jet is halfway to its destination when an emergency crops up, and now you have to charter a ride yourself. Obviously, it doesn't take a whole weekend to fly from NA to EU or SEA. So you can run a couple flights in that one weekend, or even the ENTIRE week. This obviously becomes a business at this point and nets you $5k per charter. With proper efficiency and marketing, might sum up to around $70k per week (2 charters per day), or as much as $105k. But that runs the crew ragged, and doesn't change the fact that the more frequently the plane is used, the more likely something will happen. Probability is a thing. One might argue "that's why insurance exist". But it doesn't change the fact that it's a huge hassle to go through when turning a private pleasure into a business. You're better off just keeping it private (as the name suggests "Private Jet"), and flying out whenever you feel like.

[@JDDDDDDD]

I own two carrots and a cucumber and I approve this message.

[@charlotteernest3690]

Making money is the plan and with Bitcoin Investment your plans can be fulfilled.

[@rufai.abdulazizkatanga8586]

Good knowledge about forex trade is a key to a profitable and a successful Investments. I can unequivocally say that forex trade is one of the most profitable and lucrative business for every investors with the right expert.

[@florencejack1573]

I'm making a whole lot of profit off trading stock at the same time, I'd like to invest in forex and Bitcoin as I heard it's really happening now.

[@alexanderpeterson8248]

The only possible way to earn huge amounts in forex is when trading with an experienced broker.

[@kingstonrivera3995]

@@alexanderpeterson8248 that's true, a lot of people today have been having a ton of disappointments in forex and crypto trading in light of helpless decisions awful specialists..

[@karolyiistvan3731]

Actually you got a good fact, but am so much in need of an expert that can help me handle my account.

[@SomeTechGuy666]

First class is so inexpensive compared to owning a plane.

[@shreddder999]

Yes, but then you get packed in there with people like Mr. Luxury.

[@josiahhamletiii1932]

Yes

[@josiahhamletiii1932]

@@gordon3352 so true

[@namename8207]

How?

[@boyfromthemountains]

Obviously economies of scale has to play it's part here too owning 300 private planes and using them for economic growth purpose is so affordable compared to owning 1 private jet and using it for self serving purpose. Hence first class run by most corporate jet companies is much cheaper compared to owning a private jet.

[@edemkofi6428]

Buy it and rent it out when you're not using it. The rent pays a good chunk of the maintenance if you have a good market for it.

[@antomano5623]

I think sharing a flight on a private jet is the best way! You don't own it and still get to fly to your desired location at a much cheaper cost. And it beats flying first class. It will cost you 43% less than flying alone. It is usually 2.5 to 3.75 times the price of first class depending on your destination. Safe travels.

[@ayushdeshmukh453]

The moral of the story is - Better fly in a commercial flight rather than owning a jet

[@Nicholes-Dad]

@jevon magnus Exactly.

[@peterlovett5841]

As was said by one of the Vanderbilt's when asked about the cost of his yacht, "If you have to ask, you can't afford it."

[@rmpfby1963]

Savage but true. Cause the real rich don't ask.

[@TopTrending]

When will I get a ride on YOUR private jet, Mr. Luxury?

[@KamleshKumar-od2no]

It's you your voice is same as mr. Luxury I had realised months ago but I didn't tell it to you it's your secondary channel right and the way you talk is assuring me that it is exactly you

[@joneswafula]

@Frenzy are you sure they're the same voice?

[@KamleshKumar-od2no]

@@joneswafula yup check out their videos

[@blockvfive1196]

its not his jet, i literally know the company who owns the g650, it was registered in ireland then came over to the US in january of 2016, to be re painted into a new livery, being based in tucson arizona

[@clumsygallium6104]

@@KamleshKumar-od2no bro the voice is a freelance voice artist, he just is given the script for the video and he voiceovers it. Alot of voiceover videos have the same voice because the voice is of some voice artists. I know some of them.

[@Anthony-zt1zs]

I too have my own private jet.✈️ Gonna be taking off as soon as I find that darn remote control.

[@patrickgaus7927]

The ods this guy even has a plane are hilariously low.

[@bryancarter4308]

😂

[@adrians.7489]

@@bryancarter4308 Like the fact that "he" think Gulfstreams fly at 31,000 ft. They typically fly at 51,000ft - the person who write this script has never been in a PJ.

[@Rv12_pilot]

Patrick Gaus maybe a Cessna 150

[@sirnewton6874]

I deleted my comment the video pissed me off so much. the guy is an a zz clown.

[@robertg5393]

@@adrians.7489 'They' don't typically fly at 51,000..... Not even a G650 will typically fly at 51,000; Often times they are too heavy, or ISA temps are too high to make it to 51k. 45k is the default altitude for long distances (>2.5hrs)

[@edwardrobinson4940]

Thurston Howl III “It is rather difficult being rich. If it wasn’t for the money, I’d rather be poor.”

[@Erickzy]

It was a hard choice but I finally got my 125cc carburated bike instead

[@merloponty7776]

I'm dying 🤣🤣

[@mateoarzua7706]

The Gold digger is included in the plane.....

[@rnursemd]

"I ain't sayin she a gold digga, but she ain't messin with not broke ..."

[@61sasquatchwilson74]

Even if you're a rock star or hit the lotto you still can't afford it... This is Billionaire level.

[@policywonk8346]

Not even close, if you netted 100 million in the lottery you could easily own a private jet. This video mentions the gulf stream 650, most private jet owners would have something smaller to suit their needs. You could own an older Learjet, a citation, even a challenger or PC 24 at a much lower cost. With 100million, or even 75-80 with taxes per month you’d be making around 400k with investments. A jet ownership would be about 45-70k per month depending on factors. Also you could easily offset costs by chartering the plane when you’re not using it.

[@raunaq571]

@@policywonk8346 Or an Embrarer Praetor 500 or 600.

[@spikebbc]

@@policywonk8346 I agree. This guy is talking about big luxurious Gulfstream. A Phenom 100, for example, is a great plane and meets the needs of many, yet costs less than some of these hyper-cars I keep seeing and carry more people and go a lot further.

[@Domino13334]

Celebs like Justin Bieber, Taylor Swift, Drake, Ronaldo and Messi bought a private jet... their net worths are in the region of 200-500 Million $. So no not a Billionaire but decent 9 figures are enough.

[@LeftCoastStephen]

A pilot for hire ( he had type rating for most every private jet), was recently divorced,and had mucked about in boats all his life had a saying: If it flies, floats, or f**** it always cheaper to rent

[@glensims3744]

When I have talked to guys who had real wealth, that was their advice.

[@markm4281]

I agree. That $1.6 million is very low for annual cost for a G650. I work in the maintenance side of aviation and I've always heard you need to budget about 10-15% of the purchase price annually. Not the used price, but the price of the plane when it was new. That could very quite a bit depending on how much the plane is flying due to fuel cost and the added maintenance.

[@Proteinplunge]

Just imagine how much money I save not owning a private jet.

[@nazhkun7868]

When you are a super rich, owning a private jet is an investment. It saves lots of time and close much more deals quickly.

[@resolvedwhite1743]

I am a pilot and businessman. I say get a new Hondajet elite. It costs $5 million and costs about $1,000 an hour to operate and only needs one pilot and has 6 passengers and range of 1450 miles. You can just fly first class and not mess with a jet. You can do time share on a jet and save money.

[@aparanjinijoseph6836]

Can u give me ur mail id

[@PrinceSingh-ly5pl]

@@aparanjinijoseph6836 haha :D

[@samiraschafer2533]

Nobody becomes a millionaire or a billionaire by working for others and depending on them, good investment bring millions of dollars, and consistency brings billions, the market is all about BTC at the moment now....

[@billysandoval1892]

You’re right Sir

[@billysandoval1892]

That is why I had to start forex trading 2months ago and now am making benefits from it

[@johnryan5173]

@@billysandoval1892 You are right ever since I started investing in stock I’ve had a very good life

[@johnryan5173]

@@billysandoval1892 The stock market is a vast platform to invest in. It’s very profitable especially when you’ve got a trusted professional to assist you

[@nicholasgarza4979]

Having a stable investment package keeps you financially stable!

[@troublelessone7999]

why not join a club and use the jets they have as part of the membership when you need it. Unless you are making that jet earn income for you.. seems like a lot less expensive.

[@MrAeronca100]

The fastest way to make a millionaire, start with a billionaire and sell him a Learjet

[@ccrz77]

Thanks for the info, i was on the fence about it

[@oversteer_9339]

Bruh chill i just watched Producer Michael with his new private jet and youtube is like, "cool now watch 3 videos about how much that sht costs". Lmao

[@R3X3R]

Spot on. Now watching fart videos to fck with the algorithm.

[@rm4347]

Same lol

[@HalalFoodTherapy]

Same haha!

[@BIGGELATO]

Thats the algorithm broddie

[@ItsBenney]

Saaaaaame haha

[@connorcarrigan]

You sound like Cameron in Ferris Buellers day off when he’s on the phone with Ed Rooney

[@dheerchandru5599]

It’s cheaper to own a jet then using first class except if its 1 person traveling once a month it’s more expensive, if its 5 people traveling 3 times a month (not round trip) it’s cheaper and also have to calculate resell value of plane and depreciation of the planes value if you do all this and you own the jet and sell in after 5 years it will be cheaper then first class in Singapore airlines or emirates and even Qatar airlines and the longer you Travel in your jet the cheaper it gets

[@coolmanph]

It’ll be cheaper flying first class. This video didn’t account for depreciation of the airplane. A brand new Gulfstream G650 depreciation schedule is around $2 million per year. After 10 years you lost $20 million from depreciation alone. Add in all the costs of ownership, you could spend around $50 to $60 million over 10 years. If 5 people are traveling first class 3 times a month they would rack up a lot of miles for free first class tickets.

[@Tchild2]

Not even close. Flying commercially first class would be about 100 times cheaper.

[@chasesklenarik5750]

I have worked in the private charter industry for over 10 years now, you are incorrect. It is absolutely cheaper to fly commercial than owning your own jet. The resell value of airplanes are a joke. A G4SP brand new back in the day was about $40 Million, now days you can buy a used one with decent hours on it for around $2 Million. They are not that old. No aircraft owner buys a jet because its saves them money, it is the convenience factor of flying when you want and where you want, it is just you and who ever you bring along, and its private. No TSA screening, show up to the airport on your own time, go to airports that commercial flights can't go into. etc. ADS-B In/Out upgrades (which are required since Jan 1 of this year) easily costs into the $100,000 + range, even for small prop planes your looking at $20-30K for the upgrade.

[@Altenholz]

I am not a financial expert, but my opinion is, that apart from a few cases, chartering such an aircraft is considerably cheaper from a commercial point of view. In addition, the choice of aircraft is much more flexible.

[@David-jj7dy]

I just bought my wife a G650 She is a pretty special gal , the jet I'm talking about. As for my wife, it was an anniversary present to her for we have been married for three years. She wanted a Gulfstream G650 , but I wanted a G700 but their not on the market yet. I had it painted metallic red as that is the color of her most favorite lipstick. Its flashy.

[@FailureRLBrothers]

What do u do?

[@davidb.1218]

215k for a crew of 3, that's a cheap crew. Pilots I knew were clearing 250k each and the cabin attendants were clearing 120K that was on a GV.

[@khandibaugh23]

Pilots make $250k+ per year not on one flight.

[@anthonyg5577]

Average pay is more like 180k Most don’t make 250

[@khandibaugh23]

@@anthonyg5577 If you own a private plane how do you get a crew and food? I’m thinking it’s more cost effective to charter a private plane than buy one(?). Everything is done for you...

[@markx7139]

@@khandibaugh23 charter is definitely cheaper and you don't have to deal with the airport hassle.

[@khandibaugh23]

@@markx7139 Thanks so much for the response

[@kiwiskiwi]

The stock footage, stock music (electric guitar and choir), and put on voice- you ain't fooling us mr luxury!

[@DallasSniper]

I'll stick being a normal cheaper person by flying on Southwest for a fraction of the cost.

[@tomdonelson385]

Dallas Sniper And breathing who knows what.

[@mohammadabu-saada4955]

After watching this video, I really changed my mind and decided to put my plan of getting one on hold.

[@NIHILWR]

this comment section is a flame session of this channel, and i love it

[@YaBoiJJames]

Can you please make a video on who you are and what you do for a job?! Please!!??

[@phoenix-king779]

James Smith Fr I feel like he is lo key rich tho

[@leftcoaster67]

@@phoenix-king779 Given it looks more like stock footage, and sales promos, I say he just wants to live off patreon.

[@salnewton7032]

He makes KZbin videos for a living obviously 😁

[@adrians.7489]

He's a voice actor living in his ex-wife's basement.

[@YaBoiJJames]

@@phoenix-king779 yeah, i feel like he is trying to keep his personal life private, so he isn't beinf bombarded by messages for money and all!

[@seanmerisier1811]

Now I know how millionaires goes broke

[@rubentammy.esquivel5656]

and many of them talk about global warming when they're the cause of it

[@colinsawyer3953]

Lol

[@CostaBlancaFrenchies]

all of a sudden first class looks cheap compared to this

[@indianglock]

One name come to mind... AL GORE... 😊

[@ericpouw8963]

He fly 200 hours a year. The price of one hour renting is 13k. That’s 2,6 million a year for charter a G650. So why buy a plane for 65 million and 1.6 million running cost a year.

[@tomdonelson385]

Eric Pouw Because you know who’s flying in it. Currently, if I had a jet & was letting it be chartered, I would have the plane disinfected after every trip. This is another reason, a person has their own plane, you can pick who flies with you.

[@mahletetsige9609]

I have a plan of buying a private plane and renting it? so do I have to pay all the fees u mentioned?

[@leonardbogos7159]

Due to coronavirus out break (covid-19)my business was short down, I was down at a point whereby I can't afford 2 square meal a day. Thanks to a friend of mine who recommend me to Mrs quinn brayden, who helped me to earn money online through forex/ binary options trading.

[@leonardbogos7159]

It was like a dream come true, I never knew online forex trading is really profitable until I got myself involved in it.$550,000 is more than enough for me to start establishing my business

[@leonardbogos7159]

what I'm earning in forex trading is more than what my business earn me in two years. Words alone can't even express the joy in me each time I received my profits from Mrs quinn. I guess it's true what they say "trying a new things is never a bad idea"

[@bmwforlife6951]

Hearing the voice-over I am on the edge of my seat, waiting for an exciting movie trailer.

[@Reggy2000]

I was expecting a cost breakdown chart.....silly me

[@roac147]

dude.. i couldn't stop laughing from your comment. thank you.lol

[@CM-ve1bz]

Reggy2000 Average cost of owning a Falcon 900 Cost flying 200 hours Direct Operating Costs (DOC) Fuel Cost @ $4.40/gal Updated to Nat'l Avg Each Week $266,640 Maintenance $200,021 Engine Overhaul $211,796 Misc Crew/Landing/Handling $80,000 Miscellaneous Variable $30,000 Total Direct Operating Costs (DOC) $788,457 Fixed Costs Crew $307,800 Crew Training $54,534 Hangar $48,185 Insurance $12,970 Jet Management $78,000 Miscellaneous Fixed $28,453 Total Fixed Costs $529,942 Total Annual Budget $1,318,399

[@langa1533]

same here

[@litt5211]

@@CM-ve1bz Thanks for the breakdown. Looks like unless you making millions each year: Owning a jet does not sound like a smart move since a jet just like a car depreciates in value each year on top of that breakdown cost too. You better off just leasing a jet.

[@samugote]

You've cracked my ribs

[@joygoswami9786]

It’s a Dream to have this lifestyle one day 😉✌️

[@airzulu2733]

When I worked around them you got so many financial figures thrown around them as regards to costs and owning one of these jets . But as one pilot said to me its like having a lorry load of thousands of dollars and contineously throwing them into a bottomless pit . That's how expensive the aviation game can be . And to think Gulfstream had a 2 year waiting list for the 650 when I used to work around them .at around $64million bucks a kite .

[@DaleRaby]

This was actually kind of interesting. I would like to see one addressing the question of what it cots to own/operate a more practical aircraft... maybe a Dehavilland Beaver?

[@brassicaolaraceaolaracea1115]

or a Cessna182 maybe???

[@CheetahFoxx]

1:03 I actually work as a mechanic on those same Embraer Lineage 1000s. We got one from some Russian business that is coming out of mothball and onother owned by MGM doing scheduled inspections. We also had someone come in with a Falcon 7X a couple weeks ago for scheduled maintenance. They landed, taxied up to the hangar, got out and sorted out everything with the facility manager for a bit. They then got back into *another 7X* and flew off. But hey, as long as they're willing to shell out some of that money to people like me to keeping their planes going, I'm OK with it.

[@jessicaroberts4844]

Wow!! This is amazing, I've never heard anyone spoken so highly of.... please sir how do I contact Dr Catherine?

[@liweiliu5577]

Mrs catherine contact [phone]

[@rickymwamba9681]

I would rather fly in first class than chartering a plane or buying one!

[@EuroGuy85]

Ricky Mwamba If you’re flying for vacation. When it comes to business, time is money and people can’t wait for regular flights, first class or coach. That’s why most businesses charter/rent and check out CNBC’s video on Walmart’s fleet. The largest fleet of private jets in the world, simply for time restraints business reasons.

[@_ianbae_]

why is he showing google photo jets instead of his own?

[@rusminnoer632]

Because he doesn't own it.

[@blockvfive1196]

4:26 he didn't purchase it, in fact thats the company I work for, and the tail of the plane is N4FL (november 4 fox lima) I believe that was taken at van nuys municipal, and we painted the tail white, so that video was taken around 2016 before we pained the tail and engines white it is a gulfstream g650, not ER, usually operated from coast to coast of the USA, into newark

[@olusabaolukayode9191]

Now I know that buying or owing a jet is not a joke or a fun. No wonder most people abandon their jets and run away few years of owing one. Our airport is littered with abandoned private jets. Thank you for your painstaking work more grease to your elbow and more wisdom always.

[@gregorygood9973]

Brilliantly informed! Thank You

[@THEWONDERFULLY1]

Warren Buffet recommended a charter company to invest in FOR ABOUT 100K A YR YOU HAVE 24/7 ON CALL PLANE

[@Luisp0t]

The more I'm tryna put myself in a millionaire's shoe owning a $100million jet I begin to realize this is very cheap

[@kashifpervaiz786]

I can understand

[@astrocj98]

A $100 mill jet would be closer to what Trump flew (before presidency)

[@robertg5393]

@@astrocj98 not really... He bought a former airline 757 - those can be had for a WHOLE lot less - as in 15-20M perhaps - then a custom overhauled interior. $30M tops. Lot of money for sure, but not 100M.

[@johnk9375]

@@astrocj98 And he's still a PIG!!! Biggley

[@astrocj98]

@@robertg5393 Have you been in the market for planes? A phenom 300 is going to be closer to $10 mill. A quick google search and you'll see Trump's plane is quoted around $100 mill.

[@karanjain3264]

My dreams: To get a private jet This Video: Are you sure about that?

[@mohammedshaheedsha7293]

Damn right😆😆....

[@tharunvevo1510]

Thank you for the video.... It really clarified all my doubts...

[@georgew.5639]

If you can own the aircraft, you can afford all associated costs.

[@boyfromthemountains]

Exactly it's just like owing a car. Just a bit bigger number involved.

[@samlugo1520]

It's too much to invest With that money , an entrepreneur kan open 🆙 homeless shelters and orphanages around the world🌍

[@Don-qb1vi]

noble suggestion - but why would an entrepreneur invest in homeless shelters and orphanages? How on earth could that be profitable? lol What happens when the money runs out for the orphanages and homeless shelters?

[@samlugo1520]

Don Well I never said that it’ll be for profit but it’ll be to help other human beings get back on track Maybe you are right about how They will be Generating cash flow to support the homeless shelters orphanages It’s all good

[@iamnode2088]

so this video is basically crushing my dream of having private jet

[@eledwyn100]

The saddest thing is when you see really famous people that are always bragging that they have lots of money, Rappers, Actors, Singers in a regular commercial plane like the rest of us ...................... if you have so much money then how come you can't chatter a private plane

[@user-jy4lk4uj5r]

That's really awesome. It would also be great if you could share some of your secrets so that one day I can affort to buy one of these private jets?

[@williamw9687]

Are you going to upgrade to the new G700? Did you consider a top of the Bombardier and, if so, what made you choose the G650?

[@gwal93]

It is sad to realise that even if someone gave me a jet for free I couldn't afford to keep it, fuel it, crew it or fly anywhere in it. I couldn't even afford to stock it with in flight meals and peanuts. Would look good in my front garden though, perhaps I could set it up as an AirBandB when the virus goes away eventually.

[@boyfromthemountains]

You could just rent it now to people who want to fly private and make all the money you need to cover the expenses for maintenance and keep renting it until you start making profits and then buy another one of the excess capital and then start a corporation for private jet leasing. 😎

[@gwal93]

@@boyfromthemountains Thanks, I will think about it.

[@williamjohn3391]

Investing in crypto now is very cool especially with the current rise in the market now

[@paroitymata5213]

Yes you are right

[@paroitymata5213]

Thanks for introducing me to Mrs Allen

[@markangel8353]

People are scared of investing because of the high rate of scam in the business

[@markangel8353]

Making them to remain poor out Of ignorance

[@enkhbatnaya6801]

There are scammers but there are real brokers waiting for investors out there

[@lastprophet9904]

After saving up for 12 years I can finally buy my dream bicycle.

[@soumyarajpurkayastha5502]

Thnx.. It was very informative.. Will keep this in mind when I will buy it.. 🤣🤣🤣🤣🤣

[@Amol.V]

Same thing I'll do

[@letsrugem]

I prefer to use commercial airplane with business class seat. problem solved.

[@robertburkes4972]

I used to fly a private Jet! It was owned by my rich uncle! It was a F-14 Tomcat! Owned by my Uncle Sam!

[@fn0rd-f5o]

isn't that a public jet? :P

[@markdent4052]

Well I owned a fleet of private remote control jets the costs owning them is thru the roof 😂😂😂🛫🛫🛫

[@kyrkwalters5658]

Thats a good one 🤣😂🤣😂🤣😂😂😂

[@Idontknow819918]

Nah. I’ll stick to my Honda Accord

[@kapilsds7]

Or Hondajet

[@artharrison294]

Turbo Honda Accord is a quick little passenger car.

[@lazzybug007]

Wow....I don't even have one...👍

[@javaidhaider9289]

I will bear the 'hardship' of travelling on a commercia plane. My experience so far has been good.

[@c-028]

Actually, If you have that money to buy the jet, go buy the luxury estate, the house will not usually drop it's price. unless you need to do the long distance travel every week and you need a plane that able to carry you at anytime.

[@mahadevovnl]

Sounds like flying first class is way more relaxed even for a billionaire.

[@mghq-mobilegamerzhq2533]

A billionaire has about 1,000 millions so

[@VRFATT]

I can't afford to buy a business class seat always Sometimes I do buy a business class seat it depends... But I can never expect to buy a private jet

[@DaneliusUK]

Nice touch with the wink. Enjoyed it, thank you.

[@bobcloud9806]

Adding up the costs, I think it would be more cost effective to buy my own jet. That $13,000 per hour is a bare-bones cost; there are extra costs associated with having to charter a jet. One is the cost of lost deals by being even a few hours late to the negotiating table! (How many millions has that cost me over the past seven years?). With a private jet, I wouldn't have that problem. This has been a very informative video. I think I'll go for the purchase.

[@christiaantjahhh]

But why do you make video's if you're rich?

[@patrickang1685]

Hobbies

[@zorbok70]

dudes not rich lmao. Rich people don’t make videos about being rich, rich people just be rich.

[@bryanlife3311]

How dare you fact check mr luxury... Just believe what he tells you😂😂😂😂🙆

[@MathadiKassim]

Then why does Bill Gates have a KZbin channel and make videos?

[@chrisngandimoun5630]

Even Bill Gates makes videos,

[@alexnyawanda1735]

The best part about watching this video is that, it inspires those who want and dream to become future millionaires and billionaires to work more harder and smarter.

[@ImNotADeeJay]

0:28 that plane looks like mine a lot, mine has a red stripe instead of blue, also I don't have a plane.

[@Thesilenthunter]

I think I just take a walk just watching this made me skint . Who ever owns a jet good on you . Keep up the expensive work x

[@will_dir]

Finally a video that breaks this down, my dad won’t tell me how much it costs. He will be surprised when I tell him I found out

[@dmack1827]

Starvation salaries for the crew there, Mr. Luxury.

[@woodzman1000]

If your after this luxury, Better just to charter the jet in my mind, either that or fly business class. Not that i do either right now 😂

[@jeremiahnoar6497]

To save time and to literally be anywhere in the world tomorrow, definitely worth the cost.

[@SqueekyClean976]

Doesn't work like that in the real world though. There are these pesky things called overflight permits, landing permits, take off slots etc and some countries and airports may be a pain in the arse. You are not going to wake up tomorrow and decide you will be in Cuba or Sudan the next day. Works fine for most of the US and most of Europe though.

[@jeremiahnoar6497]

@@SqueekyClean976 It works that way in many rich countries though. Like you said, America, European countries, and places like Dubai. I couldn't imagine wanting to fly to Cuba or Sudan if I was rich. Anyway, When your rich enough to buy that plane, you've already hired a concierge to see through all of those things, so that If I want to fly to Cuba 2 days from now, I can.

[@SqueekyClean976]

@@jeremiahnoar6497 you are still going to need to give your airplane management team ample time to sort out all the legalities and technicalities and study the local procedures of wherever you are going first. You won't just drive up to the plane and say. "Take me to Dubai." At least not if you want a safe and legal flight.

[@niharp7929]

Great to know the cost of owning a private jet...i guess it's better to take it step by step...first charter, then own

[@windsurfingwallstreet6102]

My brother and I were in Athens, Georgia one night and ran into Michael Stipe at The Globe. My brother asked him about his private jet and Stipe said, " I fly Delta " . I believe him now!

[@AClRCLEOFLlGHT]

Buy or rent? I've always preferred "hijack", myself.