5 Expensive Ways Celebrities Spend Their Money

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Many celebrities have more money than they could ever use or need. Some have multiple homes, their own personal chef, personal trainers, and some even have their own personal jets. Celebrities who have millions of dollars can afford to spend in ways that look wasteful and indulgent to outsiders, but big spending seems to be a part of celebrity culture. Some shows even highlight how the rich and famous live, and many celebrities are encouraged to compete in order to have the best look on the red carpet, to snag the best television and movie roles, or to attract fans to their concerts.

Having a nice designer bag might be a treat for most people, but most celebrities wouldn’t think twice about spending a few hundred dollars, or more, on a different bag for each big event; many celebrities are even given free merchandise and clothing just for being stars. Celebrities spend their money on all sorts of things, but here are some of the costliest purchases they make.

1. Their homes

Many celebrities travel across the country, and even around the world, to do what they do best. For celebrities who often shoot films or shows in the same location (like California), but prefer to live elsewhere, it makes sense to own multiple homes. While most of us would just pay for a hotel, many celebs can actually afford to own many homes, and let’s face it, owning several homes is also a status symbol. Most celebs spend several million dollars for each home, and for good reason: Many of them include a pool, tennis court, multi-car garage, and even a bowling alley or jet landing pad.

One example of extreme spending is power couple Ellen DeGeneres and Portia de Rossi, who put their home on the market for $49 million and then purchased Brad Pitt’s home for roughly $12 million before their own home even sold.

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2. Personal chefs and trainers

Celebrities have to look good, right? In order to do so, many celebs shell out big bucks to hire personal chefs and personal trainers. These professionals get paid a lot of money, because it is their job to help celebrities look good, and sometimes, to do it quickly. Personal trainers often get paid several hundred dollars per hour to work with celebrities, but working with popular celebrity trainers like Gunnar Peterson or Tony Horton can cost$15,000 for a six-week workout program.

Personal chefs don’t come cheap either. Celebrity chefs sometimes agree to be available whenever the celeb needs them, which means depending on the agreement, they may be on call 24-hours per day, or just make a few meals per week. Most personal chefs charge by the hour ($50-$75 per hour plus groceries, or more.) However, big-time personal chefs can make a few hundred-thousand dollars per year.

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