Here's how much it costs every day to live like a billionaire by Sylvie Tremblay on Jul 3, 2017, 11:44 AM Advertisement
 Sure, you’ve admired the lifestyles of the rich and famous (or not-so-famous). But do you know how much it costs to live like them? Not surprisingly, living a lavish “0.1 percent” lifestyle involves some serious spending, from super-sized housing bills to personal assistants and security. Although most billionaires stay pretty tight-lipped about their spending, we “99 percent”-ers can occasionally get a glimpse into their outrageous spending. Read on to find out what it costs to live like a billionaire — and how much you might be spending if you were in their place. SEE ALSO: The 20 most common hobbies of the richest people in the world DON'T MISS: 10 books to read if you want to get rich Mansion costs: Varies, but can top $20,000 daily  Not surprisingly, your home will be among the largest costs — especially if you’ve invested in a sprawling mansion worthy of a billionaire. If you become a billionaire, your daily housing cost varies depending on the price of your home. But if you’ve invested in a home costing north of $100 million — like billionaire Jeff Greene’s Beverly Hills mansion, listed for a reported $129 million — you’ll be paying a fortune every day. With a 20 percent down payment, you’re looking at a mortgage worth $103,200,000. At an interest rate of 3.875 percent on a 25-year mortgage, you’ll pay about $537,630 per month, or around $17,672 per day. Of course, you’ll also pay property taxes, homeowners insurance and maintenance, pushing your housing costs up even further. Better keep earning those billions.
Fancy car costs: $410 or more daily Living a billionaire’s lifestyle means traveling in style — and choosing the right car can be key to maintaining your brand image. As a billionaire, perhaps you’d invest in a luxury vehicle like a Ferrari or Bugatti. On top of a large upfront price tag — a Bugatti Veyron cost approximately $3.2 million in California a couple of years ago, according to Road & Track — you’ll also pay premium maintenance costs. A change of tires for the luxury car cost a reported $30,000 in 2015, and replacing the rims and tires cost at least $120,000. Overall, your annual maintenance alone could cost more than $150,000 annually, according to the website Secret Entourage. Assuming you maintain your car with an annual tune-up and change your tires once a year, you’re looking at $410 per day in car maintenance — plus your lease, insurance, taxes and the cost of fuel.
Luxury yacht costs: Up to $5,890 daily  That Bugatti might feel like a relative bargain compared to the cost of owning a yacht. Of course, there’s the upfront cost of building the boat, which doesn’t come cheap. Leonardo DiCaprio’s 450-foot superyacht, for example, reportedly cost $200 million to build, according to the Daily Mail. But your costs don’t end there. You’ll also have to pay to run, maintain and staff your yacht. Those costs add up. The Daily Mail reported that fuel for a superyacht can add up to $400,000 per year. Docking costs a reported $350,000, and a full-time staff for a yacht can cost $1.4 million in wages annually. For a fully staffed yacht, you’re looking at a daily cost of $5,890. If you’re cutting costs and foregoing the staff, your costs drop to $2,054 daily.
See the rest of the story at Business Insider
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