Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Allianz chief executive warns of  AI ‘socialism’ as investors lean on chatbots

      Allianz is set to cut 650 jobs in the UK.

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Mayor Khan makes case for London to host Joshua vs Fury boxing bout

      GettyImages 2270908743 likely shows a significant news-related event or scene relevant to the articles context and focus.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Volkswagen Transporter Sportline 2026: The van that wants to be a VW Golf GTI

      Volkswagen Transporter van parked on a city street, showcasing its sleek design and practical features for business use

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Friday 23 June 2023 3:00 pm  |  Updated:  Friday 23 June 2023 12:44 pm

Explainer: The weird hobbies of the mega rich

By: Elena Siniscalco

Add as a preferred source on Google
Elon Musk Awarded With Axel Springer Award 2020 In Berlin
Elon Musk owns SpaceX, a company that designs, manufactures and launches rockets and spacecrafts. (Photo by Hannibal Hanschke-Pool/Getty Images)

The Titan submarine’s story kept the world gripped this week, until the tragic announcement of loss of life put an end to the rescue missions. The story is not over yet, with many questions still to be asked about how the submersible was made, how safe it was, and how a dangerous space like that of deep ocean expeditions should perhaps be regulated differently.

The story ended in tragedy despite everyone’s hopes, but the nature of the expedition and its cost – $250,000 per person – also raised the topic of how people with a lot of money in their pockets end up having the most uncommon of hobbies.

Rich people, in particular billionaires, are for instance obsessed with space. Jeff Bezos and Richard Branson both had their own privately funded experiences in space. Like Elon Musk with his company SpaceX, they turned their love for space into lucrative business too.

The men were all criticised, accused of being disconnected from normal life and of wasting money that could solve important issues on our planet, spending it instead on silly adventures. For other commentators, it was simply a matter of having so much money that even the entire Earth becomes boring.

And they won’t be the last ones – for all who can afford it, there will be future rides on Blue Origin’s (Bezos’ company) spacecraft at the cost of nearly $100m. 

Another thing that the extremely rich seem to have in common is the desire to stop ageing and be forever young and fit. Billionaires are pouring millions into research to rejuvenate human cells. Researchers highlight it is about ensuring old people can live more pleasant lives and avoid painful medical conditions rather than increasing lifespan. 

But it can quickly descend into weirder and less honourable universal aims – just look at multi-millionaire Bryan Johnson, who’s injecting himself with his teenage son’s blood in a bid to stay as young and fit as possible. 

Another classic is exotic animals. The world-famous former professional boxer Mike Tyson at one point owned three tigers. Numerous photoshoots of Tyson with them stand for proof today. He has since expressed regret at owning them, saying you can never fully domesticate such an animal. 

Justin Bieber got a capuchin monkey and then ended up tangled up in a legal row about it. The monkey had to stay back in Germany. The zoo where it now lives claims the monkey struggles to speak with others of its kin because Bieber was always trying to teach it to speak with humans.

And then the most recent one – the planned cage fight between Mark Zuckerberg and Elon Musk. Musk challenged Zuckerberg to a fight on Twitter, and Zuckerberg replied on Instagram with a picture captioned “Send me location”. It’s weird as everything these two men do – but perhaps fighting has just become the latest addition to the hobbies list of the megarich.

Read more

From the Big Screen to Real Life: Papa Johns Launches ‘Papa Johns Pizza Planet’ Pop-Ups to Celebrate the Release of Disney and Pixar’s Toy Story 5 in Theaters

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Opinion

Trending Articles

  • More Big Four blues as Deloitte plans to slash UK audit roles

  • Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow

  • FTSE 100 Live: Stocks sink further as interest rates held; Oil falls as ‘economic catastrophe’ avoided

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • Baillie Gifford in line for Anthropic windfall just months after £3.6bn SpaceX bonanza

More from CityAM

  • From the Big Screen to Real Life: Papa Johns Launches ‘Papa Johns Pizza Planet’ Pop-Ups to Celebrate the Release of Disney and Pixar’s Toy Story 5 in Theaters

    Business Wire
  • George Osborne: Manchesterism is a real thing but Burnham ‘only part of the story’

    Politics
    George Osborne speaking at a business conference, wearing a suit, addressing economic issues and policy changes in the UK.
  • Why Williams sisters return to SW19 is a win for Wimbledon brand

    Sport Business
    Business professionals in a modern office discussing strategy with digital charts displayed on a large screen in the backg...
  • New ‘360 degree video’ of David Attenborough hits central London

    Life&Style
    David Attenborough presents new show at Outernet venue, highlighting global environmental issues and wildlife conservation.
  • Under the Shadow at Almeida: Psychological horror set against Tehran’s 1988 bombing

    Life&Style
    Mysterious urban landscape with tall buildings cast in shadow, highlighting architectural contrasts and atmospheric mood.
  • Manchester United bank eight-figure fee from Amazon All Or Nothing deal

    Sport Business
    Business professionals discussing strategy at a conference table, highlighting teamwork and collaboration in a modern offi...
  • Jinkx Monsoon’s Judy Garland musical proves drag is serious art

    Life&Style
    Jinkx Monsoon channels Judy Garlands iconic style with vintage attire and expressive performance in a theatrical setting.
  • America wants what Britain does best: Creativity

    Opinion
    British filmmaking scene with directors and actors collaborating on a movie set, showcasing vibrant UK film industry.

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies