What do rich people commonly buy?

What is the first thing on your list to buy when you don’t have to worry about money? Some people may settle for simple and practical stuff. The stuff that they need. But some others spend a lot of their money on particular items. That leads us to this list of common things rich people own.
Besides hobbies, buying or collecting luxurious and exclusive items can be a form of investment. Of course, only if the value trend is going up. Regardless, people tend to spend ridiculous amount of money for those things.

How much are they willing to spend for things they like? You would be surprised to know. It is not a matter of hundred thousands of dollars but millions, if not billions of dollars.
However, they seem to have a pattern of purchase. They share common interest on the following 10 things. Take a look.

10. Sport Car

Sport Car: Gold Lamborghini| source: lamborghinimiami.com

It is the ultimate showcase of your exclusiveness. Sport car, or any luxurious car, is the most common thing rich people own. Even if they are not that into car, they are willing to pay a lot for it. That sweet gold Lamborghini Aventador LP-700-4 costs at least $7.5 million per unit!
What is the purpose of owning this million dollar ride? Prestige and pride. Driving an exclusive car around is like making a statement of your wealth and style. A house or a set of jewelry may have higher value compared to a vehicle, but they won’t speak up louder than it.
Ferrari, Jaguar, and Mercedes are among the most popular exclusive car brands rich people own. Some of them buy it just to drive it occasionally. Some of them treat it like their own baby. Regardless what their purpose is, this is a common thing for them to own.
Take a look at these rich people and their luxurious car. David Beckham owns a $407,000 Rolls-Royce Phantom Drophead. Simon Cowell owns a $1.7 million Bugatti Veyron. And Beyonce’s Jay Z owns a sweet $8 million Maybach Exelero.

9. Designer’s Suit or Dress

Alicia Vikander wearing Louis Vuitton | source: bocadolobo.com

Driving a sweet luxurious car will not be enough without getting off it wearing the best suit in town. Where to get it? Top class designers will show you the way.
Those expensive suit and dress are not just nice to look at, but also very comfortable to wear. Plus, you can have it tailor made according to your preference and occasion. You can tell the designers how you want your clothing to be. Isn’t that sweet?

If you’re a celebrity, you can get those clothing endorsed. It means you will get them for free as you are a walking advertisement board. Since you’re not, you have to reach a little deep into your pocket to get these high-end textile products.
One designer’s dress costs at least $20,000. Sandra Bullock once wore a $40,000 midnight-blue Alexander McQueen gown. And Nicole Kidman wore a $2 million dress at the 1997 Academy Awards. It was a chartreuse chinoiserie-embroidered John Galliano for Christian Dior dress.

8. Wristwatch

Rafael Nadal wearing his $690,000 wristwatch | source: rafaelnadalfans.com

Prestige on your hand. How men love that idea! Wristwatch has been one of the most prestigious items men wear since decades ago. Even that the era of modern gadget has arrived, classic wristwatch is still on top of men’s exclusive wear list.
How much rich men would spend on this crown around their wrist? A lot. Women also spend on exclusive lady wristwatch as a substitute to jewelry accessory.

Rafael Nadal, one of the world’s top tennis players, has an exclusive endorsement from watchmaker Richard Mille. The watch he has been wearing on tennis court costs $690,000 per unit. A pretty dangerous price on this 20 gram wristwatch.
Most rich people own around $5,000 worth of wristwatch. Others spend more. Sofia Vergara owns a $37,450 Rolex Daytona watch. Seal takes Nadal’s side in choosing watchmaker. He owns a $475,000 Richar Mille gold watch.
  

7. Penthouse

Luxurious and Spacious Penthouse | source: zochome.com

The best place to enjoy a luxurious life is your own house. Rich people own a house as their fortress. It is where they keep their luxurious things and million dollars of net worth.
First thing’s first, choosing the area. There is no doubt that rich people will pick the most expensive real estate area. Not just for their prestige, but also for their safety. Living among rich people will guarantee you 99% of privacy and safety.

Penthouse is one of the most popular options of property for many reasons. Among them are the security, services, luxurious features, and the panoramic view.
Penthouse costs a lot more than any other housing property. It depends on the location and other luxurious features offered. For example, a duplex penthouse in New York City, 9,000 square feet with six bedrooms and six bathroom costs around $115 million.

6. Diamond

Diamond | source: gettyimages.com

Gold and other precious metals have been the most common thing to buy for investment. The value of gold will only keep rising as time goes by. Same goes to diamond.
Diamond offers higher value than gold and it looks even better. This unbreakable material is popular among jewelry enthusiasts. Diamond goes in ring, necklace, tiara, and even teeth.

Rich people own diamond mostly as a piece of jewelry. However, some of them do collect diamonds as investment or as a trading instrument with fellow rich people.
To get you the idea of how expensive a diamond could be, take a look at the Hope Diamond at the Smithsonian Museum of Natural History in Washington DC. It is a 45.52 carats diamond with the value of $350 million for only 9 grams.
 

4. Art

Monalisa, a painting by Leonardo Da Vinci | source: viresattached.com

What most rich people own at their houses as decoration? A fine piece of art. Whether it is a sculpture, a painting, or others. You will find at least one of these masterpieces beautifying their home sweet home.
Rich people own paintings they won at auctions. They spent millions of dollars competing with other buyers to have the legendary masterpiece hanging on their wall. They may not be a fan of art, but the pride of owning a piece of history is priceless.

A billionaire Steven Cohen took home a lot of these exclusive paintings home. In 2006, he spent $137.5 million (now worth $157.5 million) for Woman III, a painting by Willam de Kooning. He also took Le Reve, a painting by Pablo Picasso, for $155 million in 2013.
The most expensive painting ever sold in auction goes to Qatar royal family. It was a painting of two Haitian women titled Nafea Faa Ipoipo? (When Will You Marry?). This Paul Gauguin’s painting was sold for $300 million.

4. Art

Monalisa, a painting by Leonardo Da Vinci | source: viresattached.com

What most rich people own at their houses as decoration? A fine piece of art. Whether it is a sculpture, a painting, or others. You will find at least one of these masterpieces beautifying their home sweet home.
Rich people own paintings they won at auctions. They spent millions of dollars competing with other buyers to have the legendary masterpiece hanging on their wall. They may not be a fan of art, but the pride of owning a piece of history is priceless.

A billionaire Steven Cohen took home a lot of these exclusive paintings home. In 2006, he spent $137.5 million (now worth $157.5 million) for Woman III, a painting by Willam de Kooning. He also took Le Reve, a painting by Pablo Picasso, for $155 million in 2013.
The most expensive painting ever sold in auction goes to Qatar royal family. It was a painting of two Haitian women titled Nafea Faa Ipoipo? (When Will You Marry?). This Paul Gauguin’s painting was sold for $300 million.

5. Yacht