Billionaires own stocks, bonds, real estate and art. Many also have their own collectible cars, mega-yachts and private planes. And some own hotels. Nice ones.
Hotels come in handy, and they can quickly increase in worth. Ten years ago, for instance, Saudi Arabia's Prince Alwaleed Bin Talal Alsaud paid $150 million for the Four Seasons George V in Paris. A recent independent valuation now pegs it at $750 million.
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A hotel can also be a billionaire's own swanky retreat. Swiss billionaire Karl-Heinz Kipp, who in 1985 sold the Massa retail chain he founded, now lives part-time at his Tschuggen Grand Hotel in the Swiss Alps. Pretty soon, he might want to lengthen his stay. After all, he is adding a $27 million spa with a special top floor that will offer a "program of seasons," including a "winter storm" and a "summer sunshine."
Billionaire hotels span the globe from Barbados and St. Moritz, Switzerland, to Gambia, West Africa, and the outskirts of Kuala Lumpur, Malaysia. They also offer tastes of the billion-dollar lifestyle. At the Kona Village Resort, owned by American billionaire and Beanie Babies founder Ty Warner, guests can sip Mai Tais by the pool after a nap at one of 125 private thatched-roof cottages. At Donbass Palace in Donetsk, Ukraine, owned by Ukrainian steel and coal magnate Rinat Akhmetov, a vacationer can splurge on a $3,000-a-night executive club suite.
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For golf, Irish billionaire Dermot Desmond owns Sandy Lane Hotel in Barbados, which has a country club that this December will host the World Golf Championships-Barbados World Cup. German SAP co-founder Dietmar Hopp's Four Seasons Domaine de Terre Blanche in Provence, France, has 300 days of sun a year and a golf academy for perfecting one's swing.
Some of the billionaire hotel hideaways have a rich historical tradition. The Monkey Island Hotel, which began operating as a hotel in 1840, is owned by Khalaf Ahmed Al Habtoor, a construction baron from the United Arab Emirates whose net worth is valued at $2.3 billion. Located on its own private island in the middle of London's Thames River and accessible only by footbridge or boat, the hotel's name dates back to 12th-century monks who are believed to have used the island for fishing (think monk-y not monkey).
In the 1700s, the ceiling of its Monkey Room was painted with monkey images. Queen Alexandra began a tradition of royalty visiting the hotel when she had tea on the lawn with her children at the turn of the 20th century.
German SAP co-founder Hasso Plattner's Fancourt Hotel and Country Club Estate in George, South Africa, is so old--it's been operating for 147 years--that it's inspired legends: Lore has it that some of the previous owners are now ghosts of the resort.
