The 5 Most Expensive Private Jets on the Market in 2020

While multiple modes of transportation are available in the United States, business aviation ranks among the most important for companies and the affluent alike. The demand for private jets stems not only from the comfortability provided by the aircraft but also from its ability to help reach a variety of markets. Seen as more of a business tool than simply an aircraft, private jets offer a space that can easily be utilized as an office, conference room, or even a bedroom dependent on the user's needs.

Private aviation also represents one of the most luxurious modes of transportation available. Those who can afford the cost of owning and operating a jet see it as more than just an expensive aircraft, they see it as a portrayal of their social status.

From athletes to movie stars, A-list celebrities desire an A-list aircraft to travel in. The cost of this class of aircraft can range from tens of millions to hundreds of millions of dollars. And no, that does not include the cost of operating the jet.

Of course, the amenities of aircraft held to such a high standard come with a hefty price tag. Here are five of the most expensive private jets on the market.

 

 

Gulfstream G650ER  - $71 million


Courtesy of Gulfstream Aerospace

 

 

The Gulfstream G650ER boasts a price tag of $71 million. With a range of more than 7,500 nm and a striking interior made from luxurious leathers, elegant wooden veneers, and handcrafted stonework, its no surprise that Jeff Bezos, founder of Amazon, would make the G650ER his private jet of choice.

Currently, the G650ER holds the record for the farthest fastest flight in business aviation history, allowing it to set new standards for comfort, functionality, and safety. It is one of the fastest civilian aircraft in the world at its highest speed of 607 miles per hour.

The spacious cabin is also designed to be the quietest in business aviation. Sixteen panoramic oval windows fill the cabin with natural light and stunning views of the world below.

Elon Musk is a tech giant with a net worth of $41.1 billion as of 2020. Musk lives in a world surrounded by advanced technology, and he expects his G650ER to be the same. On the inside, this private just is equipped with advanced fly-by-wire technology and streamlined displays of the PlaneView II flight deck to increase safety and reduce pilot workload. The cabin is even entirely customizable and can be controlled using a smartphone app.

 

Bombardier Global 7500 - $72 million


Courtesy of Bombardier

 

The Global 7500 is one of the world’s largest and longest-range business jets on the market. Known for its luxurious interior, the Global 7500 is easily worth its price tag of $72 million.

With an industry-leading 7,700 nm range, a top speed of Mach 0.925, and exceptional short-field performance, the 7500 is practically unrivaled. If the allure of the words “ultimate long-range private jet” don’t entice you, then maybe the full dining table, luxury window seating, and private bedroom will.

Niki Lauda, a Formula 1 world champion, was one of the first to receive the Global 7500. Though a loyal client of Bombardier for many years, Lauda particularly liked the Global 7500 due to its elegant design and abundance of natural light. This jet can be hard to find, with few on the market today.

Unlike any other business jet on the market, the Global 7500 features The Nuage seats, the first new seat architecture in business aviation in almost 30 years. Designed with the intent to bring the comfort of luxury home seating into the cabin, the seat offers three key features unavailable on any other seat in business aviation: deep recline, floating base, tilting headrest.

Bombardier Pũr Air is offered on the Global 7500 with an advanced HEPA filter that captures up to 99.99% of allergens, bacteria, and viruses while completely replacing the cabin air with fresh air in as little as 90 seconds. Available exclusively on Global aircraft, Bombardier Pũr Air delivers cleaner air with better humidity and quicker heating and cooling than 100% fresh air only systems.

Bombardier’s Global 7500 has become the first in business aviation to receive an Environmental Product Declaration (EPD) from the International EPD System based in Sweden. The EPD allows for full environmental transparency about the Global 7500, such as CO2 emissions, noise, water consumption, and other environmental impact indicators. Bombardier believes this aircraft will help cut down on the environmental impact of aviation, and they’re not afraid to prove it.

 

Dassault Falcon 8X - $59 million


Courtesy of Dassault

 

The Dassault Falcon 8X is an amazingly fast aircraft, capable of flying at a speed of 0.90 Mach to a distance of 6,450 nm without refueling. Improved wing design and new powerplant make this business jet 35% more economical than any other ultra-long-haul aircraft on the market. The Falcon 8X has a suggested retail price of $59 million.

While the Falcon 8X has a lower cost than the other four aircraft on the list, there are many unique amenities on this private jet that make it one of the most expensive on the market. For instance, its unique three-engine scheme helps to shorten transoceanic routes. The 8X gets you where you are going faster.

Bill Gates, the co-founder of Microsoft, is no stranger to the world of private jets. In fact, he owns at least 3 private jets as of today. Gates just had to get his hands on the Falcon 7X, the predecessor to the 8X due to Dassault’s reputation for having the most advanced jets on the market. He’ll undoubtedly be looking for an upgrade to the 8X before long.

Offering the longest cabin in the Falcon family, the Falcon 8X will become your personal penthouse at an altitude of 41,000 ft. More than 30 stunning cabin layout options are available, each including seating areas, kitchens, crew compartments, and showers.

The latest technology is at your fingertips in the Falcon 8X with the ability to control its functionality from anywhere in the cabin through your Apple device. You can even call up a virtual moving map of any area around you by simply pointing your iPad in the desired direction.

 

Boeing Business Jet MAX 8 - $85 million


Courtesy of Boeing

 

The BBJ (Boeing Business Jet) MAX 8 is a state-of-the-art, $85 million airliner turned private jet. The interior is an astounding 1,025 square feet. That means space for you and 49 of your closest friends. The sky is the limit on the different configurations, including a master suite with a California King bed, a walk-in closet, and a master bath with a double-size shower and heated marble floors.

The BBJ MAX 8 has a range of 6,640nm and can cruise at an airspeed of 449 kn (832 km/h). Despite being larger and more capable than previous models of BBJ aircraft, the BBJ MAX has a 13% lower fuel burn and lower emissions, thanks to its CFM LEAP-1B engines and advanced winglets.

An interior cabin concept presented by Boeing for the BBJ MAX featured a ‘spaceship sleek’ design, including starlight detailing on the cabin ceiling. With the generous cabin space offered by this business jet, it allows you to create an office or home in the sky.

It's understandable why Steven Spielberg, famed film director, and producer, would choose the BBJ as his personal aircraft. With a net worth of $3.6 billion, he could easily own multiple of these private jets. However, he chooses to share ownership with fellow film producer and good friend Jeffrey Katzenberg.

While capable of offering luxurious seating for 50 people, the majority of clients opt to accommodate less. Instead, they take advantage of the space and implement board rooms, dining rooms, or master suites to get much-needed rest.

Boeing also offers a special panoramic window as an option on the BBJ MAX 8. Measuring 4.5 feet by 1.5 feet, the window allows a generous amount of natural light into the cabin, while at the same time offering beautiful views of the ground below.

 

Airbus ACJ320neo - $95 million


Courtesy of Airbus

 

Coming in at an astounding base price of $95 million, the ACJ320neo changed the game for airlines and is now making waves in the private jet industry. This private jet delivered lower operating costs and increased efficiency than previous Airbus A320 models. New engines and aerodynamically friendly sharklet wingtips aid in reducing fuel consumption and providing additional range.

Considering it has the widest and tallest cabin in the industry at 3 times the space of a large traditional jet, it only makes sense that the elite of the elite would seek out this aircraft for business use.

With private jet owners spending many hours on the aircraft, they must find time to relax during the flight. Airbus offers the Melody Cabin, focusing on providing an attractive environment that is both quieter and better adapted to providing sound and vision in a “home cinema” setting.

What truly sets the ACJ320neo apart from the commercial model is right within the name, with “Neo” being an acronym for new engine option. These new engine options include the Pratt & Whitney PW1100G-JM and the CFM International LEAP-1A.

The ACJ320neo’s head of state, VIP interior can seat 25 passengers and 6 crew with an approximate range of 6,000nm, connecting city pairs such as London and Beijing as well as Moscow and Los Angeles.

 

These private jets were created with the elite in mind. Across the world, they represent wealth and power to socialites and business owners alike. Functioning as more than just a mode of transportation, these aircraft act as apartments, offices, entertainment spaces, and more for the wealthy. Needless to say, it’s expensive to be rich.