New Moguls, New Jets


It's wheels-up in emerging markets. With economies booming in China, India and Latin America, those countries are fast embracing the ultimate symbol of American moguldom, the private jet.

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“Time is our most precious commodity, and there are conveniences that wealth brings to essentially get you more time. —retired Microsoft CEO Steve Ballmer, explaining why he commutes via private jet from his Seattle home to watch games of the Los Angeles Clippers, the basketball team he bought last year for $2 billion. ”

-retired Microsoft CEO Steve Balmer