Medium-sized mansions, homes between 5,000 and 10,000 square feet, cost their owners about $650,000 per year to maintain, over and above the purchase price. That includes the cost of nannies, housekeepers, a personal assistant, and a household manager. But homes of 10,000 sq. ft. are not large enough. The Ultra-Rich must have 50,000 sq. ft. A mansion that measures over 30,000 square feet will run up annual maintenance bills of at least $3 million. Its upkeep requires 10 butlers, 12 laundresses, 20 security personnel, and 30 housekeepers. It’s taking more and more people to run the lives of high net-worth individuals.
Cars for the Living Rich Lifestyle
The Ultra-Rich want unique cars that they don’t see on every street. Mercedes offers the Maybach; 20 feet long and $358,000, it can reach top speed of 155 mph. The Bentley Continental at $150,000 is also popular with the New Rich. There are the second tier luxury cars, BMW and Jaguar, for people who don’t want to look conspicuous. Why let the chauffeur have all the fun, folks? Drive it yourself!