How rich do you have to be to fly on private jets?

[Anonymous]

Anonymous wrote:* per year.

We always consider flying business or first and decide not to.

Fly business.

[Anonymous]

I can tell you that with an income of $3M and net worth of nearly $20M I still cannot get over the price. I am willing to upgrade to first class though if the upgrade cost seems reasonable,

[Anonymous]

Anonymous wrote:The AWE network (it's on TV if you have FIOS) has a show about people buying jets:
http://www.awetv.com/sellingjets/

I love that show!

[Anonymous]

Anonymous wrote:I can tell you that with an income of $3M and net worth of nearly $20M I still cannot get over the price. I am willing to upgrade to first class though if the upgrade cost seems reasonable,

$3M = upper middle class
$30M = upper class
$300M = rich

$300M = private jet

[Anonymous]

Anonymous wrote:

Anonymous wrote:I can tell you that with an income of $3M and net worth of nearly $20M I still cannot get over the price. I am willing to upgrade to first class though if the upgrade cost seems reasonable,

$3M = upper middle class
$30M = upper class
$300M = rich

$300M = private jet

$3M is not upper middle class

[Anonymous]

Anonymous wrote:$100m net worth.

BS. I see my kids' private school friends flying private (with their dads?) and they're not $100mm rich. They boast about it on instagram/snapchat.

[Anonymous]

Billionaire, but here’s the trick: it can be in ANY currency!

[Anonymous]

Anonymous wrote:

Anonymous wrote:$100m net worth.

BS. I see my kids' private school friends flying private (with their dads?) and they're not $100mm rich. They boast about it on instagram/snapchat.

Putting this in the bucket of reasons I'm never sending my kids to private school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$100m net worth.

BS. I see my kids' private school friends flying private (with their dads?) and they're not $100mm rich. They boast about it on instagram/snapchat.

It's probably the company jet. It's a whole different ballgame if you can charge it off as a business expense.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$100m net worth.

BS. I see my kids' private school friends flying private (with their dads?) and they're not $100mm rich. They boast about it on instagram/snapchat.

Putting this in the bucket of reasons I'm never sending my kids to private school.

It's pretty shocking. You don't even think these people are THAT rich, then you seen a group of teen boys off to LA, Nyc, Miami, ski trip out west on a private plane. I assume the dad is on the plane and the kids are just tagging along on his business trips? But I have no idea.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$100m net worth.

BS. I see my kids' private school friends flying private (with their dads?) and they're not $100mm rich. They boast about it on instagram/snapchat.

It's probably the company jet. It's a whole different ballgame if you can charge it off as a business expense.

IRS has cracked down on this -- now they have to reimburse if comapny jet is used for personal travel, though many top execs have that cost included in their comp package.

Now if the parent is flying on the corpoate jet anyway, the kids can probably fly free since those seats otherwise go empty.

It's not crazy expensive to charter a jet though (Ok, crazy is relative). Here to Martha's Vineyard would be about $10k total (not per person). That's 2-3x as much as flying the whole family first class there on commercial.

[Anonymous]

Here's a list of jet optons abse don net worth:
https://www.forbes.com/sites/douggollan/2017/07/23/how-much-does-it-cost-to-fly-by-private-jet-heres-how-from-59-to-10-million-and-up/#3a72a422a412

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I can tell you that with an income of $3M and net worth of nearly $20M I still cannot get over the price. I am willing to upgrade to first class though if the upgrade cost seems reasonable,

$3M = upper middle class
$30M = upper class
$300M = rich

$300M = private jet

$3M is not upper middle class

Op here. I consider ourselves upper middle class at $2M.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I can tell you that with an income of $3M and net worth of nearly $20M I still cannot get over the price. I am willing to upgrade to first class though if the upgrade cost seems reasonable,

$3M = upper middle class
$30M = upper class
$300M = rich

$300M = private jet

$3M is not upper middle class

Op here. I consider ourselves upper middle class at $2M.

You have an income of 2MM or a net worth of 2MM?

Because if that is your income and you've been earning that for many years, shouldn't you have a high net worth by now such that you can afford a private jet share?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$100m net worth.

BS. I see my kids' private school friends flying private (with their dads?) and they're not $100mm rich. They boast about it on instagram/snapchat.

It's probably the company jet. It's a whole different ballgame if you can charge it off as a business expense.

IRS has cracked down on this -- now they have to reimburse if comapny jet is used for personal travel, though many top execs have that cost included in their comp package.

Now if the parent is flying on the corpoate jet anyway, the kids can probably fly free since those seats otherwise go empty.

It's not crazy expensive to charter a jet though (Ok, crazy is relative). Here to Martha's Vineyard would be about $10k total (not per person). That's 2-3x as much as flying the whole family first class there on commercial.

10k seems totally reasonable. I would like to fly to places like the Bahamas or Turks and Caicos since we can’t fly direct. If we go with another family, the cost won’t be half bad.