A private jet charter company has delved into the spending habits of some of the world’s most well-known celebrities and world leaders, to create what it claims is the first ever Private Jet Rich List.
The research, conducted by Stratos Jets, revealed that the ongoing costs of necessities such as fuel, cabin crew, hangarage (parking your jet in an aircraft hangar), and insurance cost celebs between $700,000 and $9,000,000 per year.
So who came out on top? US President Donald Trump, Russian President Vladimir Putin and German Chancellor Angela Merkel are at the top of the list, spending a total of $19,150,000 per year between them. Surprisingly, reality star and jetsetter Kim Kardashian falls to the bottom of the list, only spending around $730,000 on her chartered private jets.
The famous faces spending the most annually on their air travel are:
1. Donald Trump – $9,250,000, Boeing 747-200B
2. Vladimir Putin – $5,300,000, IL-96-300PU
3. Angela Merkel – $4,600,000, Airbus A340-313X VIP
4. President of Kazakhstan, Kassym-Jomart Tokayev – $4,460,000, Airbus A330-243 Prestige
5. Sultan of Brunei, Hassanal Bolkiah – $4,260,000, Airbus A340-212
6. Prince Al-Waleed of Saudi Arabia – $3,860,000, Boeing 747-400
7. Roman Abramovich – $3,580,000, Boeing 767-33AER (Owned)
8. Boris Johnson – $2,700,000, Airbus A330
9. John Travolta – $2,250,000, Boeing 707 (Owned)
10. Kylie Jenner – $1,450,000, Bombardier Global 7500 (Owned)
Source: Stratos Jets
The firm commissioned the research to provide an insight into how much it really costs to own and run a private jet, compared to chartering a jet each time you travel.
When it comes to owning versus chartering a private jet, the results are pretty shocking. Aside from the private Boeing-747 her and husband Kanye West rented for a long haul flight – which costs roughly $200,000 per hour – Kardashian only travels on chartered private jets.
The cost of chartering a private jet each year (depending on flying hours) can be anywhere between $300,000 – $730,000. That may seem expensive but compared to her sister, Kylie Jenner, it’s practically pennies. Jenner is the proud owner of a Bombardier Global 7500, costing between $50 – $70 million dollars, this jet can rack up a running cost of anywhere between $1,450,000 – $2,500,000 per year, depending on flight hours.
Mr Trump hit headlines last year, after it was revealed that it will cost the Pentagon $5.2 billion to update the two Boeing 747s that will be replacing the President’s current jets, with the user manual alone costing $84 million. Dubbed “the flying Whitehouse”, one jet will cost roughly $9,250,000 per year to run, based on 400 flying hours. What the almost $10 million price tag is paying for exactly is being kept close to Trump’s chest, with him simply stating “we added things”.
Joel Thomas, president of Stratos Jet Charters, said: “It’s interesting to see just how much celebrities, public figures, and world leaders spend on their air travel. Chartering a private jet can be just as luxurious, and a lot easier on the bank account, than buying one but there is definitely something about owning your own jet!
“At Stratos Jets, our clients know to expect the best choice of aircraft, friendly crew, and unrivalled experience when they use our services, even if they want to fly like a President!”