Jet Setters Spend Big Money on Watches

I just read an article about a couple of researchers who looked at the people who own private jets and how they spend their cash. Apparently the average jet owner has an average income of 9 million a year and is worth around 90 million dollars.

They also love their booze and spend over $30,000 a year on it. That is incredible. I had an uncle who used to spend $30,000 a year on booze…… except he only made $45,000 a year.  :)

I guess if you are only drinking Silver Oak Cabernet you can reach that amount annually. What does $30,000 Get you? It gets you 25 Cases of Silver Oak Wine (300 bottles).

That means if you are drinking alone (which I am sure they are not), you are drinking 4 glasses of the finest California wine every 30 hours. WOW! These lucky folks also spend $117,000 on clothes every year. Thats almost $10,000 a month. Look out Paris Hilton!

Of course being the watch geek that I am, I was interested in what they were spending on watches. On average, these jet setters spend $147,000 a year on fine timepieces? Think about it. Every year you could get one super awesome watch like a tourbillon or minute repeater .

If it were me, I might go another angle.

What would you get if you had $147,000 to spend on watches?

About Paul

People mostly know Paul as a pop culture and media junkie. He also happens to be an avid watch collector, bona fide technophile, and a news hound. Add in his weekly dose of People Magazine and WatchTime and you have Paul Morillo. Paul is the Director of Marketing at Lussori and is always “on the lookout” for who’s wearing what watch. Ask him what your favorite celebrity is wearing and he can either tell you or find out. Paul holds an undergraduate degree from San Jose State University and a Masters Degree from Notre Dame De Namur University.

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