The rite of passage of the ultra rich is owning a private jet.
Not only is it incredibly luxurious, it is amazingly practical in terms of time and security, especially if your work requires you to attend exclusive events around the world.
Every year, luxury estate agents Knight Frank and high net worth individual research firm Wealth-X release a massive report on everything the world’s richest spend their money on, where they go, and what makes them tick.
In the report it also gives some fascinating insight into when and where the world’s richest use their private jets and what events trigger these trips.
Davos Switzerland — The World Economic Forum brings together thousands of the most rich and powerful people in the world every January for a conference. So it is only natural that the alpine town is beset with private jets for the duration of the meeting.
The Superbowl, US — The incredibly popular NFL event in February has seen private jet traffic decline between 2012 and 2014. But some 50% of the existing traffic comes from non-US nationals looking to be there for the famous half-time show as well as the actual game.
The Masters Augusta, US — The golfing tournament is a go-to event for the wealthy in Georgia every April. The report says there has been an 18% rise in private jet traffic between 2012 to 2014.
See the rest of the story at Business Insider
These are the 12 most popular private jet destinations every year
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