{"id":48050,"date":"2013-11-10T02:33:11","date_gmt":"2013-11-10T00:33:11","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=48050"},"modified":"2013-11-10T02:35:00","modified_gmt":"2013-11-10T00:35:00","slug":"weird-things-billionaires-buy","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/48050\/weird-things-billionaires-buy\/","title":{"rendered":"Weird things billionaires buy"},"content":{"rendered":"<p>It would appear that the more money you earn, the bigger and more expensive your toys get &#8211; and whether for fun, for science or for actual business, these billionaires have made some pretty bold &#8211; and random &#8211; purchases.<\/p>\n<p>Tesla&#8217;s CEO, Elon Musk is no stranger to pushing the boundaries between science and science fiction with his futuristic Hyperloop transport concept &#8211; so the South Africa-born real-life &#8220;Tony Stark&#8221; can be forgiven a few eccentricities when it comes to blowing his wealth on peculiar items.<\/p>\n<p>It was recently revealed that Musk was the man behind the purchase of what is, essentially, an elaborate movie prop &#8211; a classic Lotus Esprit which transforms into a submarine, driven by James Bond in the 007 movie \u201cThe Spy Who Loved Me\u201d.<\/p>\n<p>Much to Musk&#8217;s dismay however, in the real world, the car is unable to actually transform &#8211; but according to CNN, the Tesla and SpaceX CEO aims to put the Lotus through its amphibious paces by putting in an engine of his own.<\/p>\n<p>With a purchase price well under US$1 million, however, the Tesla CEO&#8217;s side-buy seems paltry compared to what some of the world&#8217;s wealthiest blow their spare cash on.<\/p>\n<div id=\"attachment_48063\" style=\"width: 610px\" class=\"wp-caption alignleft\"><a  data-lightbox=\"post-image\" href=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Mark-Shuttleworth-in-space.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-48063\" class=\"size-full wp-image-48063\" alt=\"Mark Shuttleworth in space\" src=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Mark-Shuttleworth-in-space.png\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Mark-Shuttleworth-in-space.png 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Mark-Shuttleworth-in-space-300x200.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><p id=\"caption-attachment-48063\" class=\"wp-caption-text\">Mark Shuttleworth in space<\/p><\/div>\n<h3 class=\"my-4\">Mark Shuttleworth &#8211; a trip to space<\/h3>\n<p>Space makes its appearance more than once in this article &#8211; but South African billionaire (in Rand terms), Mark Shuttleworth definitely springs to mind when following expensive whims.<\/p>\n<p>After selling his internet security company, Thawte, to VeriSign for US$575 million in 1999, the tech entrepreneur came into a lot of cash &#8211; some of which he was more than happy to part with to take a trip into space.<\/p>\n<p>Shuttleworth spent approximately US$20 million for his trip into the big black sky.<\/p>\n<p>Of course, the figure was recently placed into sober perspective, when it was revealed that it had cost Shuttleworth US$30 million to get his assets out of South Africa, due to the country&#8217;s exchange control levies.<\/p>\n<div id=\"attachment_48062\" style=\"width: 610px\" class=\"wp-caption alignleft\"><a  data-lightbox=\"post-image\" href=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/The-Washington-Post.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-48062\" class=\"size-full wp-image-48062\" alt=\"The Washington Post\" src=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/The-Washington-Post.png\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/The-Washington-Post.png 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/The-Washington-Post-300x200.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><p id=\"caption-attachment-48062\" class=\"wp-caption-text\">The Washington Post<\/p><\/div>\n<h3 class=\"my-4\">Jeff Bezos &#8211; The Washington Post<\/h3>\n<p>The running joke on the Internet is that Jeff Bezos&#8217; wife asked him to pick up the Washington Post on the way home one night in August, and the Amazon CEO took her a little bit too literally.<\/p>\n<p>In August, Bezos &#8211; the billionaire CEO and founder of online retail giant, Amazon.com &#8211; revealed that he would be buying the Washington Post newspaper for $250 million of his own hard-earned cash &#8211; a deal sealed earlier in October.<\/p>\n<p>The move caught many by surprise, as the purcahse was not a business-decision on the part of Amazon, but rather in Bezos&#8217; personal capacity &#8211; and the unlikely new owner of the paper is said to be looking to breathe new life into the loss-making publication.<\/p>\n<p>According to reports, Bezos wants to provide the post with a &#8220;financial cushion&#8221; while it experiments and tries to find its feet in a new digital world &#8211; while industry analysts suspect the paper could learn a thing or two from Bezos&#8217; wealth of experience with Amazon.<\/p>\n<div id=\"attachment_48061\" style=\"width: 610px\" class=\"wp-caption alignleft\"><a  data-lightbox=\"post-image\" href=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Lanai-Island.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-48061\" class=\"size-full wp-image-48061\" alt=\"Lanai Island\" src=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Lanai-Island.png\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Lanai-Island.png 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Lanai-Island-300x200.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><p id=\"caption-attachment-48061\" class=\"wp-caption-text\">Lanai Island<\/p><\/div>\n<h3 class=\"my-4\">Larry Ellison &#8211; Hawaii (well, some of it)<\/h3>\n<p>After Oracle CEO, Larry Ellison, went about buying up most of the Hawaiin island of Lanai in 2012, it only made more sense for the billionaire to buy an inter-island airline to get about his new turf.<\/p>\n<p>While Ellison didn&#8217;t disclose the price of the deal to buy Hawaii&#8217;s Island Air, it came shortly after the billionaire spent over $600 million on Lanai island real estate. Lanai Island is Hawaii&#8217;s sixth largest, and Ellison now owns 98% of it.<\/p>\n<p>If one airline wasn&#8217;t enough, it was reported in June 2013 that Ellison was courting yet another Hawaiian airline, go!, though to-date, no official sale announcement has been made.<\/p>\n<div id=\"attachment_48059\" style=\"width: 610px\" class=\"wp-caption alignleft\"><a  data-lightbox=\"post-image\" href=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Virgin-Galactic.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-48059\" class=\"size-full wp-image-48059\" alt=\"Virgin Galactic\" src=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Virgin-Galactic.png\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Virgin-Galactic.png 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Virgin-Galactic-300x200.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><p id=\"caption-attachment-48059\" class=\"wp-caption-text\">Virgin Galactic<\/p><\/div>\n<h3 class=\"my-4\">Richard Branson &#8211; Space Tours<\/h3>\n<p>What do you do when you&#8217;ve plugged into almost every industry out there? If you&#8217;re Sir Richard Branson &#8211; you look to space.<\/p>\n<p>Branson &#8211; who has forged a billion-dollar empire through airlines, gyms, insurance, mobile, trains, credit, records and media &#8211; has dared to dream a little bigger, and is looking to tackle the next frontier.<\/p>\n<p>While SpaceX head Elon Musk (listed above) may have already taken the leap into the big black &#8211; Virgin Group CEO, Branson is looking to make the starry skies more accessible and (relatively) more affordable with Virgin Galactic.<\/p>\n<p>There have been no official lines from the Virgin Group as to how much the space venture is costing Branson, but it is understood that it&#8217;s running well into the hundreds of millions of dollars.<\/p>\n<p>The first public flight of Virgin Galactic is expected to take place in December 2013, but with a ticket costing US$250,000, future everyday astronauts may yet feature on this list, themselves.<\/p>\n<div id=\"attachment_48060\" style=\"width: 610px\" class=\"wp-caption alignleft\"><a  data-lightbox=\"post-image\" href=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Titanic-II.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-48060\" class=\"size-full wp-image-48060\" alt=\"Titanic II\" src=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Titanic-II.png\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Titanic-II.png 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Titanic-II-300x200.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><p id=\"caption-attachment-48060\" class=\"wp-caption-text\">Titanic II<\/p><\/div>\n<h3 class=\"my-4\">Clive Palmer &#8211; Titanic 2 and&#8230;Jurassic Park?<\/h3>\n<p>Australian billionaire, Clive Palmer, who amassed his wealth through his mining holdings and mining company, Mineralogy, is a big fan of block-buster movies, it seems.<\/p>\n<p>Known for eccentricities and publicity stunts, the businessman is the main driving force behind a planned ocean liner called the Titanic II &#8211; which as the name implies, is a modernised replica of the famed RMS Titanic, which sank after crashing into an iceberg in 1912.<\/p>\n<p>The projected cost of such a venture is expected to be around US$500 million, with an estimated completion time in 2016.<\/p>\n<p>However, since the project was announced in April 2012 (far past April Fool&#8217;s Day), doubts have been raised about Palmer&#8217;s finances and ability to fund the project, with Australian media reporting that &#8220;Queenlands wealthiest man&#8221; had AUS$1.6 billion stripped from his personal wealth.<\/p>\n<p>Despite doubts over his finances, Palmer is pushing ahead with yet another weird goal: to build the world&#8217;s largest animatronic &#8220;Jurassic Park&#8221; &#8211; featuring over 165 robotic dinosaurs.<\/p>\n<div id=\"attachment_48064\" style=\"width: 610px\" class=\"wp-caption alignleft\"><a  data-lightbox=\"post-image\" href=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Clive-Palmer-and-his-dinoasaur.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-48064\" class=\"size-full wp-image-48064\" alt=\"Clive Palmer and his dinoasaur\" src=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Clive-Palmer-and-his-dinoasaur.png\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Clive-Palmer-and-his-dinoasaur.png 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/10\/Clive-Palmer-and-his-dinoasaur-300x200.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><p id=\"caption-attachment-48064\" class=\"wp-caption-text\">Clive Palmer and his dinoasaur<\/p><\/div>\n<h3 class=\"my-4\">More on the biggest and best<\/h3>\n<p><strong><a title=\"Permalink to Tech in the Fortune 500\" href=\"http:\/\/businesstech.co.za\/news\/general\/37296\/tech-in-the-fortune-500\/\" rel=\"bookmark\">Tech in the Fortune 500<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Biggest tech companies in the world\" href=\"http:\/\/businesstech.co.za\/news\/general\/36187\/biggest-tech-companies-in-the-world\/\" rel=\"bookmark\">Biggest tech companies in the world<\/a><\/strong><\/p>\n<p><a title=\"Tech's youngest billionaires\" href=\"http:\/\/businesstech.co.za\/news\/general\/32786\/techs-youngest-billionaires\/\"><strong>Tech\u2019s youngest billionaires<\/strong><\/a><\/p>\n<p><a title=\"Richest IT people in South Africa\" href=\"http:\/\/businesstech.co.za\/news\/general\/22288\/richest-it-people-in-south-africa\/\"><strong>Richest IT people in South Africa<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>They say the more money you earn, the bigger and more expensive your toys get &#8211; and whether for fun, for science or for actual business, these billionaires have made some pretty bold &#8211; and random &#8211; purchases.<\/p>\n","protected":false},"author":14,"featured_media":47933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[657,6878,2662,26,6443,1858,4936,1250,3018,6118,6879,2860],"class_list":["post-48050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-amazon","tag-clive-palmer","tag-elon-musk","tag-headline","tag-jeff-bezos","tag-larry-ellison","tag-mark-shuttleworth","tag-oracle","tag-richard-branson","tag-tesla","tag-the-washington-post","tag-virgin"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=48050"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48050\/revisions"}],"predecessor-version":[{"id":49208,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48050\/revisions\/49208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/47933"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=48050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=48050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=48050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}