How much is Costco private jet membership?

The hugely popular wholesale retailer is offering its members a 12-month subscription to a private jet service Wheels Up. The private jet membership is priced at $17,499.99 and also includes a $3,500 Costco (COST) Shop Card a $4,000 flight credit and access to exclusive events.



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Therefore, the wealth of those who possess private jets rises in proportion to the size of their planes. The typical owner of large luxury private jet has a net worth between $60 million and $70 million. The average wealth of owners of midrange and super-midsize aircraft is around $120 million.

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Cost savings: Chartering a private jet is significantly more economical than buying your own plane. When you charter, you'll pay only for the flights you use, rather than for the entire purchase price of an aircraft that may spend much of its time sitting in the hangar.

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First Class Tickets are Cheaper. Depending on where you're flying and who are you're flying with, a first class ticket will almost always cost less than chartering a plane. But where there is a requirement for a small group to travel first class, chartering a jet can prove to be more cost-effective.

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The most economical private jets - Turboprops, Very Light Jets or Executive Light Jets - cost around $2,600 to $3,500 per flight hour. Midsize or Super Midsize Jets cost between $3,200 and $6,000 per hour.

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Mukesh Ambani: Boeing Business Jet 2, $73 million. Elon Musk; Jeff Bezos; Sergey Brin; Larry Page: Gulfstream G650 ER, $70 million each. Bill Gates: Bombardier 8000, $66 million.

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To be able to afford flying privately, your annual household income will likely need to be no less than seven figures. The minimum net worth of private flyers is usually around $25 million.

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Do I need a passport and visa to fly in my own private jet? No, you don't. However, if you want to fly your hypothetical private jet to another country, well, you're going to need at least a passport.

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