What rich people love to do?

However, there are certain pastimes that so many tycoons and magnates have take up that they are now considered 'rich hobbies'. Skiing. Skiing is a favoured pastime of the rich and famous. ... Flying. ... Car racing. ... Polo. ... Owning a vineyard. ... Sailing. ... Owning exotic pets. ... Golf. More items...

thegentlemansjournal.com - 10 most common hobbies of the richest people in the world

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If money was no object, what would you do with your spare time?

Many millionaires spend their time giving to charity, socialising, or just making more money. However, there are certain pastimes that so many tycoons and magnates have take up that they are now considered ‘rich hobbies’.

1. Skiing

Skiing is a favoured pastime of the rich and famous. From Bruce Springsteen to Heston Blumenthal, top earners are famous for taking to the slopes. Rumour has it that billionaire Roman Abramovich loves the pursuit so much that he even once tried to buy the entire Eastern France resort of Courchevel.

2. Flying

High-earners are occasionally accused of being detached from reality. But, although many of the wealthy inadvertently have their head in the clouds, some of the elite venture up there on purpose. Flying lessons, be they in a private plane or helicopter, are a particular favourite of the rich – with Hilton Hotels tycoon William Barron Hilton being a notable example.

3. Car racing

Life in the fast lane appears to appeal to the rich and famous. Hollywood superstars from Steve McQueen to Paul Newman have bought and raced classic cars – proving that whilst money may not be able to buy happiness, it can certainly get you a whole lot of excitement.

4. Polo

The classic ‘rich game’, polo is a sport that exudes wealth. From the royal family to superstars such as Clark Gable and Spencer Tracy, polo has held appeal for generations of the rich.

5. Owning a vineyard

Drinking fine wines may be a pastime of the rich, but many venture out of their heavily-stocked cellars to grow the grapes themselves. Arnold Palmer, Brad Pitt and Francis Ford Coppola have all owned their own vineyards and wineries.

6. Sailing

Life must be plain sailing when you’re sitting on millions, so why not take to the seas? Many wealthy people while away their days on board super yachts and sailboats, with some of the more notably nautical big shots being Humphrey Bogart, George Clooney and Jack Nicklaus.

7. Owning exotic pets

If there’s one thing that’s extravagant above all others, it has to be owning an exotic pet. Not only do you have to buy the creature to begin with, but then you have to house it and continue to provide for it. Elvis had his kangaroo, Clooney had a pig and Salvador Dali? An anteater.

8. Golf

It would appear that private members’ clubs are not the only type of clubs enjoyed by the wealthy. Golf, hailed as calming by some and boring by others, is another favourite pastime of the rich, with billionaire Bill Gates and actor Clint Eastwood frequently taking to the fairway.

9. Art collecting

Leonardo DiCaprio, David Beckham and Brad Pitt have all reportedly spent six figures on individual pieces of art – proving that they live by the proverb ‘art is long but life is short’.

10. Owning horses

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Where do mostly rich people live?

cnbc.com - Five of the 10 wealthiest cities in the world are in the U.S. - CNBC

The total private wealth held by New York residents was found to exceed $3 trillion. New York City is home to more rich people than any other city in the world, according to a new report by investment migration consultancy Henley & Partners. Around 345,600 millionaires reside in the Big Apple, alongside 15,470 multi-millionaires who have assets worth over $10 million, 737 centi-millionaires (wealth of $100 million or more) and 59 billionaires, the report said. The financial center of the U.S. is recognized as the wealthiest city in the world by several measures. The report finds that around 4% of New York's 8.38 million citizens own investable assets – property, cash or stocks – worth over $1 million. The number drops significantly to 15,470 when assessing those who have more than $10 million in assets. The total private wealth held by New York residents was found to exceed $3 trillion. Remarkably, that's more than the total private wealth held in most major G-20 countries. Japan's capital Tokyo ranked second with 304,900 wealthy individuals. Compared to New York, a much smaller proportion of them have assets worth over $10 million. The report found that 7,350 people in Tokyo are multi-millionaires, 263 have above $100 million and 12 are billionaires. The San Francisco Bay Area – which includes Silicon Valley – rounds out the top three wealthiest cities, with 276,400 rich individuals, 12,890 of whom are multi-millionaires. The report said 623 have assets worth at least $100 million and 62 billionaires live in the city. Los Angeles, Chicago and Houston are the other U.S. cities in the top 10, ranking 6th, 7th, and 8th, respectively.

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