November 05, 2005
Google Founders Buy a 767
What do you do when your stock quadruples after the IPO and you are worth tens of billions of dollars? Buy a luxury 767 airplane of course.Frugal. In a world where CEOs buy brand new Gulfstream 550 business jets like they were toilet paper for the office, Larry and Sergey found a used beast of an airplane that typically flies 180 people, but when overhauled, could transport 50 people on long trips. They reportedly paid under $15 million for the plane, but are likely paying tens of millions more to redo the interior for comfort. It will have two bathrooms, a shower and a large dinning room; and of course, Internet access. A Gulfstream costs roughly $45 million and transports about 15 people.
