Tom Gores is the founder, chairman and CEO of Platinum Equity, a global private equity firm. He’s also one of the wealthiest people in the world, with an estimated net worth of $7.2 billion as of 2019. As such, it’s no surprise that he has a luxurious private jet to get him where he needs to go. Here’s a look inside the billionaire’s luxe transport.
The Jet: Gulfstream G650ER
Gores’ private jet is a Gulfstream G650ER, a long-range business jet that can take him almost anywhere in the world. The jet has a range of 7,500 nautical miles, meaning it can fly from Los Angeles to Tokyo nonstop. It has a maximum speed of Mach 0.925 and can reach a maximum altitude of 51,000 feet. Inside, the jet is outfitted with a luxurious interior, including a full-size bed, a shower, and multiple televisions.
The Price Tag
The Gulfstream G650ER is one of the most expensive private jets on the market. It comes with a hefty price tag of $70 million. But that’s just the cost of the jet itself. The additional cost of operating the jet, including crew, maintenance and fuel, could easily run into the millions each year.
The Benefits
Despite its hefty price tag, Gores’ private jet has many benefits. It allows him to fly anywhere in the world in comfort and style, and it can be at his beck and call whenever he needs it. It also allows him to avoid the hassles of commercial air travel, such as long security lines and crowded airports.
The Limitations
Although Gores’ private jet offers many benefits, there are also some drawbacks. For one, it is expensive to maintain and operate. In addition, private jets are subject to the same restrictions as commercial flights, meaning they must adhere to local noise and airspace regulations.
The Impact of Private Aviation
Private jets are becoming increasingly popular among the ultra-wealthy. According to the National Business Aviation Association, more than 11,000 private jets are currently registered in the United States. Private jets have been criticized for their environmental impact, as they produce more emissions than commercial flights. However, private jets can also be used for humanitarian and business purposes, such as delivering medical supplies and transporting executives to meetings.
Conclusion
Tom Gores’ private jet is a luxurious way for the billionaire to travel the world. The Gulfstream G650ER is one of the most expensive private jets on the market, with a price tag of $70 million. It offers many benefits, such as avoiding the hassles of commercial air travel, but it also has some drawbacks, such as high operating costs and environmental impact. Nevertheless, private jets are becoming increasingly popular among wealthy individuals, and Gores is one of them.
Final Thoughts
Tom Gores’ private jet is a testament to his wealth and success. It’s a luxurious way for him to travel to wherever he needs to go in comfort and style. While it may be expensive to maintain and operate, it no doubt provides him with the convenience and freedom he desires.