Why do rich people use private jets?

Perception of safety. Managing risk is a common skill for the wealthy and often a high-end traveller will consider private travel to be safer than a commercial offering. The report claimed that the two dominant factors are the age of the plane and the visual condition of both its exterior and cabin.



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The High Life Amidst Austerity. At the heart of this dichotomy was Meta CEO Mark Zuckerberg's private jet travel. Despite the company's rigorous cost-saving measures, Zuckerberg's personal jet expenses soared to nearly $2.3 million in 2022, outstripping the $1.8 million spent in 2020 and the $1.6 million in 2021.

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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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They're sometimes also referred to as dead-heads, repositioning legs, and ferry flights. According to charter-jet company XO, 30%-50% of the private jet charter fleet often flies empty. Empty leg flights can be as cheap as 75% off the standard charter price.

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On average, business jets up to 25 years old may only have about 12,000 hours on them, and when they're well-maintained aircraft can easily last for 25,000 hours.

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Bombardier Challenger 350 Bill Gates owns four private jets as well as a Cessna 208 Seaplane and a Eurocopter EC 135 helicopter. His private jet collection is made up of two Gulfstream G650ER's and two Bombardier Challenger 350s.

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