Up until now, most of the American consumer goods I have featured on the blog are the sorts of things that all the members of our extended American family could afford to buy. But today I thought I would feature American made goods that are available only to the top tenth of 1 percent of Americans. To be in this group, you must have an average annual income in the range of $5.2 million to $7.5 million. The top 400 taxpayers within this group have an average income of $270 million annually. To truly be a member in good standing in the top tenth of 1 percent of Americans, you simply have to have your own jet. Thankfully, there are a few American made jets to choose from.
Members of our extended American family make a wide range of corporate jets at the Gulfstream manufacturing facility in Savannah Georgia. If you are purchasing your first private jet, the Gulfstream G150 might fit the bill.
True, it only seats six, but it does have a range of 5,556 km. You can cruise at 41,000 feet at Mach 0.75. The G150 has a galley forward and a lavatory at the rear of the plane.
The interior is available in one of three styles.
If you are at the top of the top tenth of 1 percent of Americans, the Gulfstream G550 is more your style.
The G550’s cabin has four distinct living areas, three temperature zones, and a choice of 12 floor plan configurations with seating for up to 18 passengers. You can manage your investments while flying around the world since the G550 has a fax machine, a printer, a wireless local area network and satellite communications. You and your seventeen buddies can really do some traveling since the G550 has a 6,750 nautical mile range. You will fly with fewer worries since you know that Gulfstream’s customer support network can be counted on to render any assistance you need on six continents.
Cessna makes about ten private jets and they are all made in Wichita, Kansas. The Citation Sovereign looks pretty nice.
With your Sovereign, you can take 8 pals on trips of up to 2850 nm. The interior is very nice as well.
Now if you have found your way into the top 400 families within the U.S. by founding a phenomenal company (Bill Gates, Warren Buffet and Larry Ellison) or by carefully investing the money made by your parents, grandparents or great grandparents, you might want to aim a bit higher in terms of a private jet. Well, the company from my home town will be able to fix you up with a very nice Boeing 767 for only about $118 million, which is about half the annual income for this group.
But if you really want to make a splash, you are going to have to pony up a bit more ($330-$500 million) to get the ultimate in private jets, the Boeing 747 VIP. If you get hopping, you can still be one of the first to own one of these beauties.
At this level, the possibilities are endless. However, given the price of the Boeing 747-8 VIP, even members of the top 400 might have to hold off buying yachts, 15th and 16th houses and other things for a year or two. Life is all about compromises.