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Home Sweet Home at The World’s Most Expensive House

The 2012 Forbes richest list is out and once again Mukesh Ambani Mukesh Ambani of Reliance - India's wealthiest manhas been proclaimed to be India’s wealthiest, with a net worth of $22.3 billion.  Ambani, 55, heads up Reliance Industries, a business begun by his father.  Under his reign, Reliance has grown to own the world’s largest oil refinery complex as well as India’s largest gas fields, making him a very rich guy in the process.  Well known in the international business world, he sits on the board of Bank of America and is a member of, and international advisor to the Council on Foreign Relations.  He gets his sports fix by supporting (and owning) the successful Mumbai Indians cricket club.  And suddenly he’s become famous for his house, the huge new house in Mumbai he has built for his family of six.

The house is not just huge, it’s hugely huge.  Considered to be the world’s most expensive ever built anywhere, it is estimated to have cost over $1-billion.  At 27 stories high, it towers over its Mumbai neighborhood, soaring 570 feet to the sky.  The prestigious architectural firm of Perkins-Will reportedly designed it as it was being built, with no two floors in the structure alike.  At first glance, some have compared it to a child’s Lego project.  A further look reveals its detail, but there’s no debate that it definitely stands out.

Mumbai House - Worlds Most Expensive HouseThe ultramodern house is built on an acre plot on an uber-expensive street which boasts one of the world’s highest property values.  A few statistics:

  • About as tall as an average 60 story residential building
  • 400,000 square feet, about the same size as four Walmart stores
  • 168 car garage on six floors, with a seventh floor for vehicle maintenance
  • 50 seat theater
  • 2 Refuge Floors to be used for rescue in emergencies
  • Three helicopter pads
  • An air traffic control center
  • Health club with gym and yoga studio
  • Swimming pool
  • Ballroom
  • Several guest apartments
  • Ice room with manmade snow flurries to fight the Mumbai heat
  • 9 elevators in the lobby
  • Staff of 600
  • Beautiful view of the ocean.  And of the surrounding Mumbai slums. Continue reading
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Who and Where are the Facebook Four?

With the news that Facebook is about to offer an IPO with shares valued between $28 and $35, the world is reminded about all of that money and is wondering how the original Facebook Four will fare.  Beyond that, we realized we really don’t know much about their backgrounds or what they’ve done since they initially struck it rich.  We’ve encapsulated some highlights here:

Chris Hughes - 28 Year Old - Facebook FounderChris Hughes- Age 28, born in Hickory NC, the only child of a salesman and a public school teacher.  He attended America’s oldest private school, Phillips Academy in Andover, MA, and later, Harvard University, during which time he cofounded Facebook before graduating.  After cashing out of Facebook, he developed the online MyBarackObama.com political campaign for the 2008 presidential race and was instrumental in choreographing its successful online outreach.  Later founded Jumo, a social media site dedicated to connecting individuals with non-profits to create a resource for positive change.   In late 2011, he released Jumo’s source code to allow the public access to its functionality, availing work on the more than 250 social causes in its basket, from “human trafficking to childhood obesity.”  Recently he became publisher and editor in chief of New Republic Magazine, a 100 year old entity highly respected in the journalism world.  Estimated net worth after IPO:  $1.1 billion.

 

Dustin Moskovitz - Age 27 - Facebook FounderDustin Moskovitz – Age 27, born in Gainesville, FL, he grew up in a middle class family.  He attended public school at Vanguard High, where he graduated from the IB Diploma Programme, a two year course of study which qualifies students for entry to higher learning.  He later attended Harvard University where he studied economics for two years.  After meeting Mark Zuckerberg and forming Facebook, he dropped out to work further on Facebook.  He later left the group to pursue other ventures.  He invested in several internet startups and launched Asana, a concept he described as doing for your workplace what Facebook does for your personal life.  Asana has been embraced by the silicon valley elite and is currently being used by Twitter, Uber, Foursquare, NationBuilder, Rdio, LinkedIn and others. He’s signed on to Bill Gates and Warren Buffett’s Giving Pledge to invite the richest Americans to commit to donate the majority of their wealth to charity.  He also has started Good Ventures, a philanthropic foundation dedicated to charity.  Estimated net worth after IPO:  $7.6 billion.

 

Eduardo Saverin - Age 30 - Facebook FounderEduardo Saverin – Age 30, born in Sao Paulo, Brazil to a family of affluence.  A childhood kidnapping threat against him prompted his family’s move to Miami, where he received his education at Gulliver Academy, a private college prep school. He later graduated from Harvard magna cum laude. While an undergrad at Harvard he took advantage of lax Brazilian insider trading laws to make $300K from oil investments. He co-founded Facebook with Zuckerberg and was its first CFO.  He later became estranged from Facebook after a financial controversy of shares, and his court case was eventually settled with a non-disclosure agreement.  In recent years he’s taken residence atop the tallest building in Singapore, where he is well liked in social circles and enjoys Singapore’s nightlife with his longtime girlfriend. He has recently renounced his U.S. citizenship allegedly to avoid paying taxes on earnings from the pending Facebook IPO.  Estimated net worth after IPO:  $4 billion.

 

Mark Zuckerberg - Age 27 - Facebook Founder and Majority Share HolderMark Zuckerberg – Age 27, born in White Plains, NY, to a psychiatrist mother and a dentist father.  As one of four children, he attended public school before transferring as a junior to the prestigious Phillips Exeter Academy where he excelled in math and science. By graduation, he spoke and wrote four non-English languages including Latin and ancient Greek, and was captain of the school fencing team.  He later attended Harvard before dropping out to further develop Facebook.  The rest  is history.  Estimated net worth after IPO:  $17.5 billion.

Little known Zuckerberg facts :

  • While in high school, he was offered jobs by Microsoft and AOL as well as $1 million to continue developing a media player app
  • He doesn’t own a TV
  • He’s red-green colorblind and sees blue the best.  Facebook Blue
  • A recent Facebook bug exposed private pictures of him, including one at the White House with President Obama.

If there is a moral to this story, it is that an excellent education does seem to matter, especially if there is a brilliant and creative mind to take advantage of it.

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Cannes is Not for Those Who Can’t

Private jet bookings skyrocket for flights to Cannes at this time of year.  If you like crowds, chasing movie stars, and spending money, now is the time to visit.  The 65th Annual Cannes Film Festival begins again on May 16thfor a 12 day run.  This year 54 films will be competing and the town is wound up and already humming with excitement.  While you’ll need credentials for access to the festival, there is plenty to do and see while you’re there.  The nightclubs and shops will be teeming with the film world’s darlings and will present great opportunities for rubbing elbows with the be’s and the wannabe’s.

Cannes Film Festival 2012 FranceCannes Film Festival 2012 France

The stars have already begun arriving early.  By the beginning of the festival, the exclusive resort destination is expected to be invaded by over 30,000 film industry professionals, shadowed by several thousand paparazzi and journalists.   While all of the French Riviera can be considered expensive, Cannes gives special meaning to the statement “If you have to ask how much it costs, you probably can’t afford it,” It is a consumer’s paradise where it’s not uncommon to see little white haired ladies driving their Ferraris out on shopping trips. Continue reading

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Holiday Destinations That Are Worth The Bundle They Will Cost You

Holiday Luxury TravelTraveling can cost a bundle but when money is no object what are the best and most lavish places to visit? Well, the following are several over the top holiday destinations that are well worth the fortune that they will cost you.

If you have ever thought of seeing Paris then you will want to check out the over the top suites and amenities at the Park Hyatt Vendome in Paris. (pictured above)  This location offers amazing hotel suites at amazing prices you can stay in one of these lovely suites for a mere 20, 000 dollars per night for the Imperial Suite.  This amazing suite offers all the luxury and comfort of home including 24 hour room service, a steam room shower, kitchenette, dining area, work area, computer with flat screen, whirlpool bath, massage table, and a full line of cutting edge entertainment equipment.

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Where to Go on Your Next Private Jet Excursion

Private Jet ExcursionThe wonderful thing about private charter flights is the endless number of places you can travel to on a private plane.  Flying privately affords you the opportunity to take off for destinations unknown with very little worry about where the nearest commercial airport is.  Private jets have a lot more clearance to land just about anywhere they choose.

This means more accessibility to those tropical island paradises that everyone loves.  Not just the more popular touristy destinations like Bermuda and Barbados but also those secluded islands with only 10 or 20 guests per week.  With very few people around you can be as free as you want and enjoy that romantic getaway without worry or interruption.  Sure you can get to these islands off a commercial flight but usually you will still have to get on a private boat or plane to arrive on the island itself and if you choose to fly commercially you will very likely have several transfers to make in order to arrive at your destination.  The more transfers the more potential problems.

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Generosity Can Really Take It’s Toll

Liberal GenerosityMoney can make people miserable but it can also take its toll on those who like to give.  It seems like the more you give the more people come running with outstretched hands looking to get something for nothing.  It can be frustrating for those who like to give and even more devastating for those who keep allowing others into the fold just to get burned over and over again.

Whether you come from old money or have been fortunate enough to get an inheritance or win the lottery, you will likely find that some people will act like your best friend in order to get a piece of what you have.  Whether they want to join you on a lavish holiday or go on an all expenses paid shopping spree, you may be wondering…do these people really care about me or are they simply in it for the money? It can be something that really eats at you and sometimes one of the best ways to find out if a friend is a true friend or just along for the ride is to test the friendship, either by withholding funds or limiting the amount that you are sharing and spending on that individual.

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Business Travel – Making Peace With Being Constantly on the Go

Traveling on business has become quite the norm, especially in a world where the Internet is so prevalent and doing business on it is so unavoidable.  Of course, doing business internationally using the web is very convenient but there are times when only a face to face meeting will do and this may send you packing, bags in hand to your local airport terminal.  While living in this way can be very physically and emotionally taxing it is also something that is financially very beneficial and most companies find that they can either triple or quadruple their businesses’ profits by simply taking their business global which makes the inconvenience of constant travel a bit more palatable.

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The Benefits of Flying Privately

Private Jets CharterPrivate charter companies are booming and very likely because they offer something that most people want, the opportunity to plan the in flight experience they want to have.  No more being at the mercy of the commercial airlines they can have their travel day their way from beginning to end.  So what is it that you are signing on for when it comes to a private charter company? Well you are signing up for a flight that is exactly what you want.  You select the layout of the plane and the departure and arrival airport locations.  You can even choose the pilot and flight staff if you so choose.

As for the times you travel they are up to you and usually will be accommodated for when ever possible as long as you are able to plan in advance.  Last minute flights tend to have a few extra restrictions.

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Space Shuttle Discovery Lands in its New Home Washington DC

The Discovery Space Shuttle which flew nearly 149 million miles in its life comes to land in Washington DC, it’s new home.  The shuttle will be towed from Dullas airport to the nearby Smithsonian’s National Air and Space Museum for exhibit!Discovery Shuttle Lands in DC - Private Jets Charter

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Why I Wish What Happened in Vegas, Really Stayed in Vegas….

Vegas in Style - PrivateJetsCharter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This is one thing that happened in Vegas that I wish actually stayed there….

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