Cristiano Ronaldo new 73 milion jet here in BGY to see Atalanta - Real Madrid match

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invisible-eskmos@reddit

The news says it’s a 650. Morons. It’s a Global and not even a 7500.

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theplayer31@reddit

Do they actually buy those jets or rather leased, etc.? Including pilots, statt, fees, maintenance, etc. it is quite expensive to have jet, isn't it? Even for Ronaldo.

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El_mochilero@reddit

There are whole industries around this, ranging from owner, partial owner, leasing, staffing, maintenance, etc.

My guess would be a company that specializes in a long-term lease with a hefty food/bev/maintenence/staffing package.

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I’ve worked for an aircraft management company for 22 years. Nearly all private jets are leased. No high worth person is going to outright buy a deprecating asset like an airplane. That’s a Global Express. Direct operating costs for that airplane are about $5000 per hour. That includes lease payments, fuel, crew, hanger, maintenance and parts coverage programs.

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BigStickSofty@reddit

the exception being smaller & older private jets. rich ppl do own the Citations & Hawkers & Westwinds

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Electronic_Share1961@reddit

No high worth person is going to outright buy a deprecating asset like an airplane

Especially when you can write off the depreciation of the jet via the LLC, which I think is the main way they "pay" for them

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firstLOL@reddit

Capital assets depreciate, that’s not some magic tax dodge or anything unfair or artificial... The cost of depreciation is suffered by the owner of the jet (the lessor) - they started with a $73m jet and it’ll be worth $65m next year and $55m the year after (or whatever). Where the depreciation affects anything important like tax or collateral value for any loans secured on the jet, there are strict rules about how you apply it. The lease payments by Ronaldo / his company are covering the depreciation of the jet as one among the many other costs.

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oysterpirate@reddit

Cristiano Ronaldo makes about $26,369 an hour, so he could be on that plane 24/7 and still have $3.59m left over at the end of the week.

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sofixa11@reddit

And that's probably only his salary, he also makes a lot of money through commercial deals too.

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Money_Principle_8518@reddit

I would say bought, since it's personalized. There's also security which you can argue can be better if you own the jet and hire all staff yourself.

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Ficsit-Incorporated@reddit

Many leased aircraft can be personalized. Every leased commercial airliner is “personalized” with its company’s livery. If you write it into the lease you can customize the look all you like, you’d just be on the hook to pay for it.

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spazturtle@reddit

Some of the RAF's A330 MRTT are in a Jet2 livery as they are on long term lease (the lease is paused during war).

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Ficsit-Incorporated@reddit

Very likely a long-term lease.

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ollyollyollyolly@reddit

I'm no expert but i thought jets were basically tax deductible as they just claim it is all for business

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halibtalbenna@reddit

It is not quite as simple as that

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go_green_team@reddit

Just write it off!

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Robots_Never_Die@reddit

/r/linustechtips is leaking

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BiglyShitz@reddit

You don’t even know what a write off is!

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halfnelson73@reddit

Well, they do. And they're the ones writing it off.

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mcd_sweet_tea@reddit

I wish I had the last 20 seconds of my life back.

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blackteashirt@reddit

I think what might also happen is when the jet isn't being used by Christi, he sub lets it out or pornos etc. Also to ferry huskies up to the Iditarod. You know, general work.

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Embarrassed_Log8344@reddit

I can hear Linus yelling

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McJesusOurSaviour@reddit

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UnreasoningOptimism@reddit

Jerry

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topclassladandbanter@reddit

Does he even pay taxes in Saudi Arabia?

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ollyollyollyolly@reddit

That's not much of a response. Why not?

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halibtalbenna@reddit

Because it really isn’t. With such an asset which gets used for both personal and business purposes it’s very hard to just say it is tax deductible because generally there are strict rules regulating that which would not allow a full deduction for personal use. It depends on where the plane is registered and where the owner is registered/resident for tax purposes and also to an extent whether a flight is international or domestic. There may also be VAT implications in some states and a host of other considerations. In these cases it really can get very complex very quickly

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Known-Diet-4170@reddit

i' also add that deducting 75 millions is a lot, i have no idea idea how much ronaldo makes but i doubt it pays that amount of taxes on a yearly base

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FourteenTwenty-Seven@reddit

That's not how tax writeoffs work.

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HaagenBudzs@reddit

And if it's a big investment, it can be deducted over multiple years. Doesn't have to fit in one year. At least that's how it works for businesses.

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National-Giraffe-757@reddit

That’s not how this works. You don’t write off the entire sum in a year.

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trueschoolalumni@reddit

Given he's playing in Saudi now, I imagine income tax isn't be a huge issue for him.

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CUNT_PUNCHER_9000@reddit

It could just be deducting the cost of a least or the interest on the loan though, not the raw purchase price.

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FrankiePoops@reddit

Depreciating the asset over time though will get him his savings and such over time, plus he can write off employee salaries and maintenance expenses, at least in the US.

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robotsandteddybears@reddit

Maintenance expenses and employee salaries can only be written off on flights used for business purposes, he’s not saving a lot of money there. Also I don’t get what you mean by >depreciating the asset will get him his savings over time<

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FrankiePoops@reddit

Say you buy the plane for $75mm and it has a useful life of 30 years. That comes down to about $2.5mm per year of depreciation of his assets, or a loss.

Also, when you're talking about a guy that has hotels all over the world, he can consider those business trips if he's going somewhere for "business". Pretty much guys like him are "always" travelling for business.

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halibtalbenna@reddit

Again it’s all very dependent, I’m sure he has this whole thing figured out by some very smart people but in short these are all options, some work together and some don’t, some are allowed in some places and some aren’t. And someone like Ronaldo will be in the cross-hairs of tax authorities constantly so he won’t risk being super aggressive with his structure if only for the repetitional risk

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CarminSanDiego@reddit

But tiktok accountant said so

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swift1883@reddit

So here’s the basic rule: It’s not the government’s job to tell businesses WHAT they spend their money on, it’s about whether it’s for the stated purpose of the business or not.

If the business is the perpetuation of a socialite, designer clothing and lipo are deductible because it supports the point of the business.

The challenge is to hold a business meeting on the other side of the world, close to where you happened to want to go on holiday anyway, so you take your assistant with you, but your assistant also happens to be your wife.

Of course, it’s a never ending game of cat and mouse so they introduce complexity to the system to kill the opportunities, but the nice thing is that you can register a plane or a yacht anywhere you want.

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Spotted_Howl@reddit

It is much more straightforward to deduct the cost of a lease than the cost of an asset.

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MortonRalph@reddit

Used to be. My Dad covered most of the operational costs of his Beech V35 by using it more for business than pleasure. That was a number of decades ago, but I suspect there are still deductions of some sort for business use of a conveyance, e.g., car, plane, boat, etc..

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thrownjunk@reddit

CR lives and works in a tax free county. It doesn’t matter.

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Ficsit-Incorporated@reddit

There’s some truth to that but it’s slightly less clear cut. You still have to put up the cash to get the rights to one, and that’s tax deductible because it’s owned not by you but by the LLC you set up for business purposes. That’s how people’s planes that they take to Coachella are business expenses. It’s one of the advantages of leasing an aircraft versus owning one: you spread the cost more evenly over a greater period of time and it’s easier to claim as a business expenditure.

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PM_ME_YER_BOOTS@reddit

That’s just one factor of many in the decision to lease vs buy any asset.

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frebay@reddit

A lot of CEOs buys the jet and their company leases it from them for them to use as a loophole.

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NothinsOriginal@reddit

135 management loophole. Tax and vat savings.

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_ferko@reddit

These are usually wholly owned. These people are a monetary step above using leased aircraft.

However they're a very slim part of the business aircraft owners.

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burlycabin@reddit

This just isn't true though.

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Travelingexec2000@reddit

Hull cost + Avionics and cabin upgrades can make the price whatever. You can get older aircraft (see Controller.com) with only a few thousand hours on them for half the price. Throw in a few million for upgrades and you're in good shape. Assume about $2 M a year for aircrew, hangar, maintenance and training in fixed costs. Then for a plane like this about $5000/hr in variable costs (gas, food & bev, landing fees etc). Put in about 10%/year in depreciation on a $30M+ hull and you're looking at well in excess of $5M no matter how much or how little you fly. Even if you do 300 hrs/year that's in the ballpark of $20,000 per hour. So makes a lot of sense to get a jet car if you are loaded and want the privacy/convenience. Of course if you are LOADED then sky's the limit on personalizing your ride

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Busy_Reputation7254@reddit

Wow. So with all the money in my piggy bank I can run one of these guys for 60s! Niceeeeee

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Master_Block1302@reddit

You explained that very well. No idea why I’m even on an aviation sub, but I now feel well prepared, should a couple hundred million fall into my lap, so good work fella.

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CptRicardo@reddit

https://www.flightaware.com/live/flight/LXGOL/history/20241130/0630Z/OERK/LEMD I believe it is a long term lease.

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james-ransom@reddit

Sort of. They join a pool of small jet fliers for pilots etc. They can also put their jet into a pool to be rented.

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mb194dc@reddit

Great aircraft, livery is a bit of an ego trip...

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Travelingexec2000@reddit

A bit like Michael Jordan's logo on his jet https://www.flightaware.com/photos/view/191801-4448df054bf8fd1f0e6e9004c76135dafb2d3df1/aircraft/N236MJ/sort/votes/page/1

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chunkymonk3y@reddit

If that logo represents my globally recognized brand worth $7 billion I’m putting it wherever I want. Especially when it’s one of the most iconic logos of all time

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OBAFGKM17@reddit

If I had a personal logo as cool and iconic as the Jumpman, you can bet your ass it would be on everything I owned.

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mb194dc@reddit

On the tail, not by the door. Prefer that jet.

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Travelingexec2000@reddit

He could even have it engraved on the seat of the shitter. When it's your plane you get what you want

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Zn_Saucier@reddit

TIL that CRJ stands for Cristiano Ronaldo Jet

/s

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gitbse@reddit

Climb Restricted Jerkwad

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-QueenAnnesRevenge-@reddit

Hmm, not a Gulfstream. One of the best athletes in the world should be flying in the best jets available. Lost just a little respect for the man.

I kid I kid, that’s a nice looking plane.

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Planeoldguy62@reddit

Global Express is better than a Gulfstream. I’ve worked on both and every pilot I’ve talked to prefers the global. Better short field performance, super critical wing design for smoother ride and better fuel efficiency.

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ovenmittss@reddit

but it is uglier

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NighttimeinLA@reddit

no it is not. classier, yes

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Planeoldguy62@reddit

One man’s opinion

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Due_Money_2244@reddit

Black is a bad color for a jet, I’d go with white, gonna get hot sitting on the tarmac, amateur move.

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Planeoldguy62@reddit

My company used to operate a black jet. If it sits out in the hot sun for too long you can’t own the main door. The fuselage expands too much and jams the door

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Due_Money_2244@reddit

This guy gets it, blah blah blah my black jet is so cool and here we are knowing the truth. I spent a lot of time in a black as fuck pc-12 roasting my ass off.

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gnowbot@reddit

Makes me wonder what runs cooler— white or polished aluminum?

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SingerPrestigious102@reddit

I’m assuming white as bare aluminum would just absorb the heat. I could be completely wrong however just a guess.

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gnowbot@reddit

Any old American Airlines here to comment on polished aluminum running cooler/hotter than white on a Phoenix ramp??

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sofixa11@reddit

Considering he works in Saudi Arabia, he probably has this figured out (idk, send the crew a day early to run portable ACs on full blast?).

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Due_Money_2244@reddit

That’s all you can do!

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alettriste@reddit

F117 disagrees

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Due_Money_2244@reddit

F117 mostly flies at night.

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alettriste@reddit

Nope. Just you cant see it

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windfall-@reddit

the serbs : lmao

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The_Moustache@reddit

Hands down one of the dumbest uses of that plane ever. Lets fly it in the same day time route, every fucking day like clockwork.

what do you mean some serbian radar operator figured out if you use low-band on the radar it can actually get a lock because he was bored and saw the fucking thing every day

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alettriste@reddit

Or Elon Musk 😂😂

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Due_Money_2244@reddit

Haha

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The_Moustache@reddit

Nah you can see them during the day, and get radar locks on them using low-band.

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Embarrassed_Log8344@reddit

When it matters, the F117 is in a hangar.

When the F117 is flying, you don't need to worry about thermal expansion from the heat of the sun. Also, canopy vs door. Thermal expansion won't trap someone inside an F117. It will for something with a traditional door.

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Which-Occasion-9246@reddit

I agree that practically white is better, however I suppose that as a celebrity, CR will use it in part as a status symbol so the way the aircraft looks takes precedence.

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rdm55@reddit

I don't know where people get these prices from.

When this particular aircraft was for sale earlier in the year, the broker (Global Jet, Monaco) had it listed for $17.9M. It was on the market for 254 days: there is no way he paid close to asking...

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Marklar_RR@reddit

OP didn't say it's in USD :).

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rdm55@reddit

So, what currency works out to make 73 million somethings?

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plantsadnshit@reddit

Unironically 17.9 million USD is exactly 72.47 million zloty

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Met76@reddit

Op probably googled "how much does a private jet cost' and just went with the first result

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Travelingexec2000@reddit

News reports always tend to report the list price of a new jet. Like some moron who was hyperventilating about Tom Criuse’s customized G-IV that cost $35M lol. You can get that for exactly one tenth that now and no self respecting globe trotter is buying a G-IV anyway

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rdm55@reddit

G-IV is the new G-II. ;)

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Stypic1@reddit

What’s is the reg so I can track it?

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marvk@reddit

Funnily enough it's LX-GOL.

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Marklar_RR@reddit

LX-SIU would be better :).

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WillyWanka-69@reddit

He is obviously a very modest person with great taste

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Safe_Rush_9557@reddit

average Messi fan 💀

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WillyWanka-69@reddit

I couldn't care less about some ball-kicking game celebs

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UpsetBirthday5158@reddit

Messi probably has a very similar setup

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FlyingCloud777@reddit

Lots of comments on his ego, but I want to say something about that. I used to be an aviation journalist, then soccer journalist, now work in sports consulting and do very well in that. When you make a lot of money off playing a sport, it hits different. You realize you're blessed to do what you do, and most pros really seem to see that and feel that, but all the same you're a man in a boy's world—forever. Living the dream is living the literal dream. The mindset, no matter how intelligent you are, very often circles back to being a pro athlete and being able to buy anything you want. At the peak levels, that includes jet aircraft (or yes, more likely leasing them). Ronaldo has an ego, but he's a nice guy, as well. If he didn't have this approach, the level of personal iconography, it would lessen his value, really. When you're this type of athlete, you become an outsized superhero and it actually helps to express that rather than showing up in a nondescript white jet.

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hotdogtears@reddit

As much as I’ve always wanted to ‘hate’ on Ronaldo, he actually seems like a fairly level headed and genuine dude.

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Direct_Witness1248@reddit

What a waste of a good aircraft

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Left_Disk1345@reddit

Stay humble

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Walkebut4@reddit

That thing is worth wayyyyyy less than $73 million

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mduell@reddit

2009 Bombardier Global XRS is a lot of things, but $73M it is not and never was.

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w00t4me@reddit

I just looked it up and they're on sale in the $13-15 Million range

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DentateGyros@reddit

Some salesman made a cool $58 mil off this deal lol

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Planeoldguy62@reddit

Brand new that’s the price. You can get a gently used one for less than half the price

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farva_06@reddit

Not when you see the inside.

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stavic07@reddit

Its not 73 mil … its not a brand new jet

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mencival@reddit

Cool but not tastefully done tbh

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MrOatButtBottom@reddit

Fuck this cocky ridiculous man. Do something with your fortune, don’t just be a narcissist.

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matron999@reddit

She's a beauty, but I don't know if it has enough space for his Ego.

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Vegetable_Gap4856@reddit

Boing 727 or even a 747 would be needed for that load

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Zn_Saucier@reddit

RIP AN-225

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Wavy_Rondo@reddit

Cry

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rudedogg1304@reddit

Post history most definitely checks out lol

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OBAFGKM17@reddit

I think we found CR7’s burner

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Wavy_Rondo@reddit

Cry

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Wavy_Rondo@reddit

Cry

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One_Necessary3121@reddit

Whatever. Honestly, there are people starving in the world and this guy who kicks all for a living needs a private jet that can seat 15 people. Give me a break. Why should one guy consume that many resources and spew that much carbon in the air.

It's a beautiful plane, in fact one of my favorite planes, especially in black.

I would not have written this before the Luigi HMO thing last week, but now at least I feel like I'm not alone. (I'm not condoning the shooting)

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thiskillstheredditor@reddit

Yep, adults playing a kids game for a living, getting paid more than entire cities worth of teachers. Society is fucked.

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Wavy_Rondo@reddit

Cry

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dcolomer10@reddit

I mean it’s better for these guys to spend it than just hoard it all. That’s why I always say that it’s so good for the economy that athletes are financially illiterate and spend everything in no timeline

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One_Necessary3121@reddit

This is true. I guess he is just blowing some dumb Saudi money at this point

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carmelcc@reddit

just put the fries in the bag bro

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One_Necessary3121@reddit

lie was breakfast. Spotted eating a hashbrown

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One_Necessary3121@reddit

yum

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Stray_200@reddit

What type of aircraft? I was thinking crj700, cause it had the paint on the side that said CR8, but im probably wrong.

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Mustangfast85@reddit

Bombardier global express. But visually could pass for a CRJ due to the cockpit glass being shared with most all BBD aircraft

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Stray_200@reddit

Thanks!

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Planeoldguy62@reddit

Global express is a totally different airplane than a CRJ. CRJ is a stretched Challenger. Global has a different wing, different engines, different avionics suite.

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Pleasant-Jelly2594@reddit

Bombardier Global 5000 or 6000

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TornadoEF5@reddit

what is the registration please ?

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rdm55@reddit

LX-GOL

GLOBAL EXPRESS XRS SN #9365 - 2009 build.

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ManchuWarrior25@reddit

All to kick a ball. Congrats to him 🤷‍♂️

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mduell@reddit

I was confused for a moment and thought this was a CRJ7 conversion rather than a factory-build Global Express.

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Allobroge-@reddit

I feel like all business jets look the same. Could have sworn it was a Falcon 6X but it's a bombardier.

I would like having any of them tho obviously

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chasepsu@reddit

Falcons don’t have T-tails.

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Allobroge-@reddit

Falcon 10 will have a T tail. But he is not out yet so your point is true

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Wavy_Rondo@reddit

🐐

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BilboThe1stOfHisName@reddit

If vanity was a person

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Wavy_Rondo@reddit

Cry

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Silver996C2@reddit

Registered in Luxembourg which has no corporate tax hence no tax deduction and was bought through a shell company. He lives in Riyadh now - still no personal income tax. He makes an est $285M (usd) per year and he has a net worth of $1B currently. His G650 was purchased. He sold his G200 for $25M.

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