The REAL Cost of Owning A Private Jet 

Ha you wish😂

Lol.

LOL!!!!

😂😂

Lol

1 whannibalr why you gotta call me out like that 😂🤣

Good shout.

@@jayy1001 Date a rich guy, you'll experienced that. For me, I own a blunt, so I'm high up in the the sky

my family has had netjets for a long time and it's worth it

I do.

Im dead after seeing this😂😂

ROFL, Why do you need one for a car, a boat, a motorcycle etc. then ?

@@Charles53412 Your not necessarily going to die from a crash in those.

@@ibrahimislam8514 Nor a plane !

Dash Moments hopefully u got life insurance

Not only A billionaire.... You have to be a multi-billionaire...

@@Dragon_Warrior7625 Not really, but you should probably be worth several tens of millions before considering buying a decent used one. Don't want to cut into the caviar and/or champagne money too much :)

There's a bunch of 100m person that owns private jets

Millionaire****

A rough estimate not including things, he didn’t give an actual number to. So we are going to pretend the jet hasn’t gotten a flat tire, windows haven’t broken yet and no de-icing needed. The crew stays at your home or condo when you land somewhere, because I don’t how much a ladling, food and transportation would cost or the cost of repositioning to send the crew home and this isn’t including a sudden emergency maintenance issue. I also did just the most expensive jet the golfstream, would cost approximately $2,090,250.00 per year to maintain and fly 200 hours per year. That’s including the hanger fee of $81,000 per year and the $144,000.00 per year for LAX hanger fees, since he goes from LAX to London, I’m going to assume he lives in London. His accent gave him away. Another rough guess, it would be about $2.5 million per year to fly 200 hours. That would include crew benefits like lodging, food and transportation, windows and other mechanical fixes that came up etc. it’s always better to over estimate, then under estimate and you can’t afford the expense anymore. So if tomorrow you won the lottery and after taxes you had $200 million to splurge on stuff. You could buy and fly your plane for the next 20 years, and still have $80 million to purchase a nice home. You could also charter your plane when it’s not being used. There’s companies that you can call that do that. So you don’t need to be a billionaire, otherwise movie stars wouldn’t be able to afford one. There’s no movie star that’s got billions except I believe Oprah is the only one. The rest hover around 600 million or less.

That was funny. Thank you. LOL

😂

And even that costs an exorbitant amount of energy because I still can’t afford one!lol

Lol 😂

Someone better tell Mr Luxury to wake up and stop daydreaming! He's a broke-ass like the rest of us 🤣🤣

@Jorden Atwater take a fucking day off jordan and have a laugh

ehh me too. it costs a lot tho. i pay like 5 million every year cause i use it so much. but since im the one operating everything i pay myself so its okey

😂🤣👍🏻

I just own a paper one. even the wheels are made of paper. It also doesnt fly, I just run around the house with it and also make noises with my mouth, its a G550 - not as good as Mr. Luxury's =)

George Westmoreland i own a lot of toilet papel that you don’t have lol

Rather that than a tube filled with demons. 😂

Imagine.

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it's part of the character

🤣

Maybe a paper Airplane.

He sounds like a complete wanker.

No shit....

me drunk at 2 am right now lol

3:02 now LOL

It’s only 9 PM today and I ve got the same issue...

Bro anything is possible just trust yourself you'll buy one day

Thats ok may be we survive the coronavirus. And the nation appreciate us and give us millions😁

And how do you know he isn't rich

He honestly might be that rich but idk. If he's gonna make claims like this, he has to make a video explaining how he climbed to a 9-figure net worth. Lol

@@LuKiSCraft I think it's more humour than seriousness lol

@@hakshustletv Yeah most likely.

Hahaha , nice one . If I have that much money , I will invest on business .

The ex-wife got the jet. He got the payment book.

@@ajaysharmahindwan if you can afford a plane, that money is just you spare money

@@richardsondogger2165 but I will prefer to give money needy people . I will promote student ( like me ) to start start up .I will give money to wild life century .

🤣🤣🤣🤣🤣

😆

Usually means your lying if you have to convince or brag about something!

It's called sarcasm.

stupid.

Me too. I wouldn't have a plane not even in a million years. Is way better to do charter.

Wouldn't it be better to buy is. And rent it out whenever not in use? That could probably be an investment right?

​@@sadekkafesh6490 Landing fees, tarmac fees, fuel bill per flight, hanger fees, etc, all still apply when renting it out. I imagine that's why chartering a plane is so expensive, and a huge portion of the charter fee goes into offsetting the fees associated with such use. However, after subtracting all those fees associated with renting out your plane, your profit is essentially peanuts. ~13k charter fee on a G650 minus all those fees will probably net you at most $3-6k per charter. As someone who bought a G650 for $65.5 mil, are you really missing $5k profit per weekend? Not to mention, the jet is halfway to its destination when an emergency crops up, and now you have to charter a ride yourself. Obviously, it doesn't take a whole weekend to fly from NA to EU or SEA. So you can run a couple flights in that one weekend, or even the ENTIRE week. This obviously becomes a business at this point and nets you $5k per charter. With proper efficiency and marketing, might sum up to around $70k per week (2 charters per day), or as much as $105k. But that runs the crew ragged, and doesn't change the fact that the more frequently the plane is used, the more likely something will happen. Probability is a thing. One might argue "that's why insurance exist". But it doesn't change the fact that it's a huge hassle to go through when turning a private pleasure into a business. You're better off just keeping it private (as the name suggests "Private Jet"), and flying out whenever you feel like.

How do you know that smh🤦‍♂️🤦‍♂️

@@riverboy6112 dude smoke something will ya! it's a joke, sheesh!

and still, its a decent job :D better than to be bottom worker if you know what i mean :D

😁😁😁😁😁😁😁😁gosh!!!

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Yes, but then you get packed in there with people like Mr. Luxury.

Yes

@@gordon3352 so true

How?

Obviously economies of scale has to play it's part here too owning 300 private planes and using them for economic growth purpose is so affordable compared to owning 1 private jet and using it for self serving purpose. Hence first class run by most corporate jet companies is much cheaper compared to owning a private jet.

It's you your voice is same as mr. Luxury I had realised months ago but I didn't tell it to you it's your secondary channel right and the way you talk is assuring me that it is exactly you

@Frenzy are you sure they're the same voice?

@@joneswafula yup check out their videos

its not his jet, i literally know the company who owns the g650, it was registered in ireland then came over to the US in january of 2016, to be re painted into a new livery, being based in tucson arizona

@@KamleshKumar-od2no bro the voice is a freelance voice artist, he just is given the script for the video and he voiceovers it. Alot of voiceover videos have the same voice because the voice is of some voice artists. I know some of them.

"I ain't sayin she a gold digga, but she ain't messin with not broke ..."

I wouldn't blame the poor if they sees surplus as an opportunity for consumption..

But I will blame the middle class if they do that.

@@gabrieldolph508 don't forget, that's the mistake we do. We don't invest when others do. But we want to be rich like them.

@@gabrieldolph508 investing in financial markets is a risk worth taking for the rich. But for the poor they are not ready to risk that little they had. *That's poor mindset killing them.*

@@marvlimann9275 I'm sure you are not speaking out of the mind/mouth of the poor. I have been investing in the Indian stoch exchange market but till now there's nothing to write home about. And you expect me to keep up to date.. I don't believe theses kind of investment really works.

Savage but true. Cause the real rich don't ask.

I'm dying 🤣🤣

😂

@@bryancarter4308 Like the fact that "he" think Gulfstreams fly at 31,000 ft. They typically fly at 51,000ft - the person who write this script has never been in a PJ.

Patrick Gaus maybe a Cessna 150

I deleted my comment the video pissed me off so much. the guy is an a zz clown.

@@adrians.7489 'They' don't typically fly at 51,000..... Not even a G650 will typically fly at 51,000; Often times they are too heavy, or ISA temps are too high to make it to 51k. 45k is the default altitude for long distances (>2.5hrs)

You’re right Sir

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@jevon magnus Exactly.

When I have talked to guys who had real wealth, that was their advice.

When you are a super rich, owning a private jet is an investment. It saves lots of time and close much more deals quickly.

Spot on. Now watching fart videos to fck with the algorithm.

Same lol

Same haha!

Thats the algorithm broddie

Saaaaaame haha

Not even close, if you netted 100 million in the lottery you could easily own a private jet. This video mentions the gulf stream 650, most private jet owners would have something smaller to suit their needs. You could own an older Learjet, a citation, even a challenger or PC 24 at a much lower cost. With 100million, or even 75-80 with taxes per month you’d be making around 400k with investments. A jet ownership would be about 45-70k per month depending on factors. Also you could easily offset costs by chartering the plane when you’re not using it.

@@policywonk8346 Or an Embrarer Praetor 500 or 600.

@@policywonk8346 I agree. This guy is talking about big luxurious Gulfstream. A Phenom 100, for example, is a great plane and meets the needs of many, yet costs less than some of these hyper-cars I keep seeing and carry more people and go a lot further.

Celebs like Justin Bieber, Taylor Swift, Drake, Ronaldo and Messi bought a private jet... their net worths are in the region of 200-500 Million $. So no not a Billionaire but decent 9 figures are enough.

Mrs catherine contact +15852824475

and many of them talk about global warming when they're the cause of it

Lol

all of a sudden first class looks cheap compared to this

One name come to mind... AL GORE... 😊

Can u give me ur mail id

@@aparanjinijoseph6836 haha :D

dude.. i couldn't stop laughing from your comment. thank you.lol

Reggy2000 Average cost of owning a Falcon 900 Cost flying 200 hours Direct Operating Costs (DOC) Fuel Cost @ $4.40/gal Updated to Nat'l Avg Each Week $266,640 Maintenance $200,021 Engine Overhaul $211,796 Misc Crew/Landing/Handling $80,000 Miscellaneous Variable $30,000 Total Direct Operating Costs (DOC) $788,457 Fixed Costs Crew $307,800 Crew Training $54,534 Hangar $48,185 Insurance $12,970 Jet Management $78,000 Miscellaneous Fixed $28,453 Total Fixed Costs $529,942 Total Annual Budget $1,318,399

same here

@@CM-ve1bz Thanks for the breakdown. Looks like unless you making millions each year: Owning a jet does not sound like a smart move since a jet just like a car depreciates in value each year on top of that breakdown cost too. You better off just leasing a jet.

You've cracked my ribs

Dallas Sniper And breathing who knows what.

It’ll be cheaper flying first class. This video didn’t account for depreciation of the airplane. A brand new Gulfstream G650 depreciation schedule is around $2 million per year. After 10 years you lost $20 million from depreciation alone. Add in all the costs of ownership, you could spend around $50 to $60 million over 10 years. If 5 people are traveling first class 3 times a month they would rack up a lot of miles for free first class tickets.

Not even close. Flying commercially first class would be about 100 times cheaper.

I have worked in the private charter industry for over 10 years now, you are incorrect. It is absolutely cheaper to fly commercial than owning your own jet. The resell value of airplanes are a joke. A G4SP brand new back in the day was about $40 Million, now days you can buy a used one with decent hours on it for around $2 Million. They are not that old. No aircraft owner buys a jet because its saves them money, it is the convenience factor of flying when you want and where you want, it is just you and who ever you bring along, and its private. No TSA screening, show up to the airport on your own time, go to airports that commercial flights can't go into. etc. ADS-B In/Out upgrades (which are required since Jan 1 of this year) easily costs into the $100,000 + range, even for small prop planes your looking at $20-30K for the upgrade.

or a Cessna182 maybe???

I can understand

A $100 mill jet would be closer to what Trump flew (before presidency)

@@astrocj98 not really... He bought a former airline 757 - those can be had for a WHOLE lot less - as in 15-20M perhaps - then a custom overhauled interior. $30M tops. Lot of money for sure, but not 100M.

@@astrocj98 And he's still a PIG!!! Biggley

@@robertg5393 Have you been in the market for planes? A phenom 300 is going to be closer to $10 mill. A quick google search and you'll see Trump's plane is quoted around $100 mill.

Exactly it's just like owing a car. Just a bit bigger number involved.

Damn right😆😆....

Pilots make $250k+ per year not on one flight.

Average pay is more like 180k Most don’t make 250

@@anthonyg5577 If you own a private plane how do you get a crew and food? I’m thinking it’s more cost effective to charter a private plane than buy one(?). Everything is done for you...

@@khandibaugh23 charter is definitely cheaper and you don't have to deal with the airport hassle.

@@markx7139 Thanks so much for the response

Buying and renting is both worthy.

Eric Pouw Because you know who’s flying in it. Currently, if I had a jet & was letting it be chartered, I would have the plane disinfected after every trip. This is another reason, a person has their own plane, you can pick who flies with you.

Because he doesn't own it.

4:26 he didn't purchase it, in fact thats the company I work for, and the tail of the plane is N4FL (november 4 fox lima) I believe that was taken at van nuys municipal, and we painted the tail white, so that video was taken around 2016 before we pained the tail and engines white it is a gulfstream g650, not ER, usually operated from coast to coast of the USA, into newark

James Smith Fr I feel like he is lo key rich tho

@@phoenix-king779 Given it looks more like stock footage, and sales promos, I say he just wants to live off patreon.

He makes RU-vid videos for a living obviously 😁

He's a voice actor living in his ex-wife's basement.

@@phoenix-king779 yeah, i feel like he is trying to keep his personal life private, so he isn't beinf bombarded by messages for money and all!

And how do you know he doesn't own a private jet???????? Please don't right such stupid comments again

Ricky Mwamba If you’re flying for vacation. When it comes to business, time is money and people can’t wait for regular flights, first class or coach. That’s why most businesses charter/rent and check out CNBC’s video on Walmart’s fleet. The largest fleet of private jets in the world, simply for time restraints business reasons.

Thats a good one 🤣😂🤣😂🤣😂😂😂

You could just rent it now to people who want to fly private and make all the money you need to cover the expenses for maintenance and keep renting it until you start making profits and then buy another one of the excess capital and then start a corporation for private jet leasing. 😎

@@boyfromthemountains Thanks, I will think about it.

isn't that a public jet? :P

Or Hondajet

Turbo Honda Accord is a quick little passenger car.

Wow....I don't even have one...👍