Rapperpreneur Sean “Diddy” Combs may have pulled in $35 million in 2007, but high gas prices are forcing him to keep his private jet parked in its hangar and head for the back of a different sort of plane--a commercial one.
In this video blog, Diddy uses some choice words--and a bit of profanity, for those of you tuning in from work--to express his displeasure at having to fly in a commercial plane rather than his private jet due to the price of gas. He appeals to Saudi Arabians to send him some oil as well as to the future U.S. president to lower gas prices.
According to his videotaped rant, Diddy flies cross-country between New York and Los Angeles about twice a month on his private jet at a total monthly cost of $200,000-$250,000 dollars. And now, for the question left unanswered: Diddy’s commercial airline of choice is American Airlines.
What's Driving This Trend
- Private Jet Costs
- High gas prices are forcing high net worth individuals to look for alternative modes of transportation.
- Commercial Airlines
- Commercial airlines are attracting high net worth individuals who are looking to cut costs on their travel expenses.
- Alternative Fuel Sources for Private Jets
- Private jet companies may need to explore alternative fuel sources to appeal to high net worth individuals who are increasingly cost-conscious.
Who This Affects Most
- Private Aviation
- Private aviation companies can capitalize on the cost concerns of high net worth individuals by offering more affordable alternatives to private jets.
- Commercial Aviation
- Commercial airline companies may see an increase in demand from high net worth individuals who are looking for more affordable options.
- Clean Energy
- Companies in the clean energy industry can explore opportunities to develop alternative fuel sources for private jets to appeal to cost-conscious high net worth individuals.
