Jets & Yachts – We Wonder if They’ll Ever Fly Coach Again

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James Packer –  Arctic P – Estimated $10M Annually

Australian businessman and billionaire James Packer has no dearth of luxuries, and he’s never been shy about spending his savings on them either.He has million in his banks! We suppose it will not be a shock that Mariah Carey’s ex spends around $10 million every year on the Arctic P. The Arctic P was originally an ice-breaker (hence the name) that was converted into a luxury yacht in 1995 by the late Kerry Packer, James’s father. The luxury vessel is one of the most lavish vessels on the sea today and houses its own beach club, complete with a couple of hidden pools (that are kid-friendly), a Jacuzzi and a special entertainment zone. It was recently noted that James Packer, in a bid to cut down costs, is transferring ownership of the yacht to Gretel, his sister. That’s a nice gesture!

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