Expensive hobbies for the rich
What are Hobbies?
Hobbies are typically activities that are done on a regular basis for personal enjoyment, recreation, or vocational interest.
Hobbies can be anything from cooking, to gardening, to playing video games. Hobbies provide an opportunity for you to exercise your creativity and express your interests in a way that’s not always required in their professional life.
What are Expensive Hobbies?
The term “expensive hobbies” is used to describe activities that are costly and time-consuming. Some examples of expensive hobbies include:
Collecting rare items or memorabilia such as stamps, coins, comic books, etc.
Participating in competitive activities such as golf, polo, and ballet.
Going on organized group tours for vacations.
Participating in high-end travel excursions that require a lot of planning and preparation such as safaris and culinary trips.
Collecting luxury items such as designer clothes and jewelry.
Participating in extreme sports like wakeboarding or mountain climbing.
You may think you need stacks of cash to do the things you want. But some of the coolest hobbies in the world are also surprisingly affordable.
Here at webbspy, we don’t care how much money you have or what you dream of doing. You’re in the right place, and we’d love to take a look at the 10 most expensive hobbies from around the world.
Top 10 Most Expensive Hobbies in the World
Here are the Most Expensive Hobbies in the World 2023 (Luxury):
- Mountain Climbing
- Car Racing
- World Travel
- Aircraft Flying
- Speed Boat Racing
- Exotic Animals
- Collecting Cars
- Collecting Art
- Yacht Racing
15. Scuba Diving
Scuba diving is an aquatic activity that involves breathing underwater by means of a snorkel or a mask, while wearing a scuba set. Breathing air through this device gives the diver the ability to swim underwater by holding their breath.
Scuba diving may be your high-priced hobby of choice if you prefer the sea to the sky. Extensive training is required, as well as equipment and the expense of certification, which can run into the thousands of dollars. This is definitely one of the most expensive hobbies in the world.
Scuba diving beginners normally buy a mask, snorkel, and fins, while experienced divers typically have a full set of high-end equipment. When you factor in the expense of a wetsuit and the dive itself, you’re looking at a pricey underwater trip.
Among the notable divers are Bill Gates, Tom Cruise, and Tiger Woods, to name a few.
14. Ballroom Dancing
Dancing is a popular form of entertainment among social groups. For example, ballroom dance is popular in the United States.
Ballroom dancing is maybe the most shocking expensive activity on our list. It takes time to learn the steps, and expert instruction aren’t inexpensive. In fact, private lessons can range from $50 to $200 per hour.
Ballroom dancing is one of the most expensive hobbies available, with serious competitors spending up to $100,000 on a single tournament.
Countless celebrities have fallen in love with this type of dance throughout the course of the past 27 seasons of Dancing With the Stars. Rumer Willis, Kellie Pickler, and Donny Osmond are among the star-studded victors.
Poker is a card game that is played with up to nine players.
There are many variations of poker, but the most popular variation is “Texas Hold’em.” Two cards are dealt to each player, face down. Five community cards are set out in three arrangements on the table, two of them face-up and three of them face-down. Players then have the option to call, raise or fold. If players call, they are forced to put more money into the pot if they want to stay in the game. If players raise, they put more money into the pot than if they had called. Players must also show their hands when raising (a player who has raised may not change their mind and instead choose to call after seeing another player’s hand).
No matter what kind of gambling, people could lose their bank accounts quickly. High stakes poker is a game with a large average pot of $1000 and plays at speeds of 25 hands per hour so one can see the exaggeration. This is definitely one of the most expensive hobbies in the world.
You may not know this, but many big Hollywood stars are known for playing poker. Ben Affleck, Tobey Maguire, and Kevin Hart are all names you should certainly know.
12. Ice Sculpting
Ice sculpting is a very intricate and time consuming hobby. If you are an ice sculptor or just want to learn about this art, then this article is for you. In the article, we will discuss some of the basics of ice sculpting as well as some of the most common tools used for creating these beautiful sculptures.
The first thing to remember when working with ice is that it’s a very unpredictable material and will melt no matter what you do and how hard you work on it. This means that your goal should be to create something beautiful in the short amount of time that it lasts before disappearing into thin air.
Ice sculpting is a fantastic way for people to express their creativity. To master ice sculpture, you’ll need a lot of time and practice. Ice sculptures melt quickly, and you’re left with a puddle of chilly water to show for it after only a few hours of delight. You may have seen photographs of beautiful ice sculptures in films or photos of celebrity gatherings, as these sculptures are a show-stopping centerpiece.
Horses are magnificent animals that only a select few are fortunate enough to own. Keeping horses for the purpose of polo is an extremely costly endeavor. Purchasing an entry-level polo pony may set you back upwards of $15,000. Anyone seeking for a trained polo horse should budget $200,000, and that’s only the beginning! Polo is an extremely affluent pastime connected with members of the royal family and national leaders. This is definitely one of the most expensive hobbies in the world.
10. Mountain Climbing
Some people engage in activities that test their physical, emotional, and mental fortitude. Most people can afford to participate in such activities. Others, on the other hand, cost tens of thousands of dollars to attempt. Mountain climbing is an example of such a hobby. To reach the peak of a towering mountain, mountain climbers must scale its heights.
This sport, often known as mountaineering, is one of the most costly in the world. It takes time and money to reach the snowy tops of the world’s highest mountains. To begin, you must be in excellent physical shape prior to trying a climb, which will cost you at least $1000.
Mountaineering necessitates the use of specialist equipment that can cost upwards of $10,000. You’ll also need to obtain a permit from the local government, which is not free. The cost of a permit to climb Mt. Everest begins at $10,000.
Because the expedition will last many days, you will need to purchase enough food, drink, and medical supplies to withstand the duration. The whole cost, excluding other charges such as plane tickets, is above $100,000.
While Everest remains the most popular mountaineering destination in the world, it is not the most expensive peak to climb. Mt. Sidley, Antarctica’s tallest mountain, holds this title. Because of Antarctica’s isolation, climbing its highest peak is highly costly. Taking a cruise ship to the continent or flying there are two options, but both are expensive, costing between $5,000 and $21,500. The logistical issue of getting to Mt. Sidley is made worse by the frigid weather, which keep the area around the peak frozen all year, driving up the expense.
9. Car Racing
One of the most exhilarating stimuli that any human may encounter is speed. Perhaps this is why there are millions of fans of racing films all around the world (with the fanatic popularity of the Fast and Furious franchise being one example). Driving your car is commonplace and can be tedious at times. Car racing, on the other hand, is a passion that sees its devotees pushing their vehicles to their boundaries. This is definitely one of the most expensive hobbies in the world.
For many individuals all around the world, car racing is a dangerous but thrilling hobby. However, because to the high expenditures of participating in a vehicle race, it is only accessible to the wealthy petrol heads. Let’s look at the numbers and discover why this is one of the most expensive hobbies. The first obstacle to overcome is the cost of a good race car. While the cost of a good race car varies depending on a variety of aspects such as safety features, specifications, and mileage, to name a few, it usually falls between $10,000 and $250,000.
When people are asked to name the activities on their bucket lists, skydiving is frequently mentioned. Many people are drawn to this activity because of the adrenaline rush that comes with jumping out of a plane. Despite the fact that the activity only takes a few minutes to finish, it is one of the most expensive hobbies anyone can pursue. One leap is normally cost between $150 and $250 and takes less than a minute to perform. The sum grows as more jumps are made in a day, reaching over $15,000 if 10 jumps are made each week.
7. World Travel
There’s a saying that “the best way to spend money is buying experiences,” and few things better exemplify this notion than traveling around the world. World travel is a fantastic way to spend your free time because of the pure thrill of discovering new places, and it is also a good way to appreciate the expanse of the globe. A multi-year globe tour might take years and take you to hundreds of countries. This is definitely one of the most expensive hobbies in the world.
However, this much-loved pastime comes at a high price. People have been known to save for decades in order to afford a multi-year globe tour. A proper globe trip, which includes visits to all seven continents, will set you back at least $150,000. The staggering cost is due to the seemingly infinite complexities involved. Varying countries have different rates for lodging and transport, so what costs $100 in one country may cost $1,000 in another. The entire cost of a globe tour is determined by a variety of criteria, ranging from mode of transportation to selected destination.
6. Aircraft Flying
If you think flying a plane as a profession is expensive, wait till you see how much it costs to fly planes as a hobby. You must first take flight instruction from a qualified instructor. The typical cost of flight instruction is between $7000 and $8000, while there are numerous cases when the expenditures are significantly higher. You will get a pilot license after investing thousands of dollars (and dozens of hours) in flight training.
The next step is to purchase a plane to fly, which is the most expensive part of the activity. A typical plane costs around $100,000, however there are more expensive options available. Then there are the extra costs, like as gasoline, maintenance, hangar fees, and insurance.
5. Speed Boat Racing
The name says it all: it’s a hobby in which you and a group of pals race your strong speedboat on the water. For years, speedboats have served as the poster child for opulent private coastal travel, an image bolstered by their appearances in music videos and films. Unfortunately, most of your favorite pop musicians cannot buy these speedboats and can only hire one of these machines for filming music videos.
Only the wealthy will be able to purchase one. A basic speedboat will set you back around $50,000. The extremely fast (and pricey) cigarette boat has to be the pinnacle of speedboats. The cigarette boat’s physical look alone indicates that it is a vessel that commands attention. Purchasing one of these gadgets will cost you $600,000 in total.
However, purchasing is only one of the financial risk associated with these boats. To get them ready for races, you’ll have to personalize them and add extra equipment to improve the boat’s performance and safety, which can cost tens of thousands of dollars. This is definitely one of the most expensive hobbies in the world.
4. Exotic Animals
Most people around the world are familiar with dogs, cats, iguanas, and even mice as pets. However, owning these creatures as pets has become a cliché for many filthy rich people all over the world. They’ve taken it a step further and now keep strange creatures as pets. When you can have a gorgeous Tibetan Mastiff instead of a dog, it’s a no-brainer.
Keeping exotic pets like lions is one of the world’s most expensive pastimes. This is definitely one of the most expensive hobbies in the world.
Exotic pets include lions, tigers, scorpions, ferrets, pumas, and spiders, to name a few. Some exotic pets are more rare than others, as you can see from those instances. Exotic pet ownership is fraught with controversy, and many countries have a list of prohibited exotic pets that cannot be kept under any circumstances.
Celebrities symbolize the type of person who has been associated with this pastime. Some of them have even made bizarre exotic animal purchases, like as Nicholas Cage, who is famous for paying $150,000 for an octopus. Purchasing an exotic animal is costly, and some of these species demand thousands of dollars in monthly upkeep. Mike Tyson prefers big animals, particularly Bengal tigers, and formerly had three of these magnificent creatures. The tigers aren’t cheap, costing around $4000 each month to maintain.
Nonetheless, keeping exotic animals as pets has been a contentious issue for years, with animal rights organizations consistently condemning it. These campaigners have been vocal in their opposition to the costly hobby of keeping exotic pets, claiming that it violates animal rights and restricts their natural range.
3. Collecting Cars
Most adults’ favorite toys are automobiles, and they are seldom satisfied with just one. Well, you can turn your passion for vehicles into a pastime by purchasing as many cars as you like to create a “car collection.” The hobby is exciting because it is costly, but it is worth it. Simply looking at people who collect vehicles as a pastime demonstrates that this activity is not for everyone.
The royal families of the Middle Eastern countries are known for their lavish lifestyles, which are made possible by their vast riches. Some of these princes own some of the world’s most valuable and valuable automobile collections. The SBH Royal Auto Gallery in Abu Dhabi houses Sheikh Sultan bin Zayed bin Sultan Al Nahyan’s incredible car collection. Five Bugatti Veyrons, each worth over $1.5 million, are included in the collection. This is definitely one of the most expensive hobbies in the world.
As a result, it’s easy to see why this pricy pastime is a favorite among the world’s highest-paid athletes. Cristiano Ronaldo, Kobe Bryant, David Beckham, and Lionel Messi are just a few of the athletes who have outstanding automobile collections. Floyd Mayweather Jr, the American boxing champion, is known for his obscene automobile collection, which includes more than 100 vehicles.
2. Collecting Art
Any art lover in town has undoubtedly visited an art gallery at least once and possibly purchased a work of art. Art collecting is one of the most popular hobbies in the world, but it is also one of the most costly. During auctions, certain paintings by well-known painters or sculptures by well-known artists command millions of dollars.
Take, for example, the artwork “Salvator Mundi.” This oil painting of the Christ is from the 16th century and was created by Leonardo da Vinci, who is generally referred to as “history’s greatest artist.” The painting is typical of Italian Renaissance art from the 16th century. But what sets the “Salvator Mundi” apart is that it is the world’s most valuable painting, having been sold for $450 million to the Abu Dhabi Department of Culture and Tourism in November 2017. This is definitely one of the most expensive hobbies in the world.
Many billionaires throughout the world have taken up art collecting as a pastime and have been known to spend millions on art purchases. Ivanka Trump, the daughter of US President Donald Trump, is well-known for her multimillion-dollar art collection, which includes a number of high-priced artworks. Kenneth C. Griffin, a wealthy investor from the United States, is the owner of the most valuable paintings. Griffin is the owner of the artworks “Interchange” and “Number 17A.”
1. Yacht Racing
Yacht racing is the world’s most expensive hobby. Speedboats are frequently used in music videos and films as the ultimate symbol of wealth. A basic speedboat can cost anywhere from $30,000 to $50,000, which is extremely expensive. Yachts, on the other hand, outperform similar speedboats in terms of price and exclusivity. Mega-vessels, which are extremely large and opulent yachts, sell for around $0.8 billion. The boat has become a must-have for many of the world’s ultra-wealthy individuals due to its exorbitant price. Rowan Abramovich, a Russian billionaire businessman, made a comment in 2010 after purchasing the Eclipse, a $1.5 billion mega-yacht.
These exorbitantly priced yachts, on the other hand, are never utilized in racing. A J-Class Yacht, which is less expensive than mega-yachts, is required for this. The average price of a boat of this type is between $10 million and $20 million, which is still not inexpensive. However, purchasing one is only the beginning of the costs associated with sailboat racing. It’s not like you can buy one in a store; there are only NINE of them in the world. A single J-Class yacht can cost up to $3 million per year to maintain. It might cost up to $8 million to prepare a yacht for a race. These snippets demonstrate that this is a hobby that is only enjoyed by multibillionaires.
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