Billionaires typically can afford to spend $80 million a year, while most Americans earn less than $60,000.

While some billionaires live below their means, many spend their billions on real estate, private jets, yachts, and cars.

Despite their lavish indulgences, many billionaires also donate billions to charity.

It's hard to fathom life as a billionaire

Business Insider previously calculated that the typical billionaire can afford to spend $80 million a year, while most Americans earn less than $60,000. And for the world's richest billionaire, Jeff Bezos, who has an estimated net worth of $156 billion,  spending $88,000 is similar to an average American spending $1.

Where does one even begin to drop such billions?

While some remain somewhat frugal, such as Warren Buffett and Mark Zuckerberg , others are known to drop money on more lavish items. A sprawling real estate portfolio is a staple for billionaires, as is lavish means of personal transportation — think private jets, colossal yachts, and expensive cars.

But while many billionaires are known to indulge, they're also known for their philanthropic efforts and donating billions to charity.

See how billionaires spend their billions.

• Billionaires are often on the go — many buy a private jet to makes the jet set lifestyle that much easier.

  Jeff Bezos, the richest man in the world, owns a $65 million Gulfstream G650ER private jet

Businessman Mark Cuban also owns a Gulfstream jet — he purchased a Gulfstream V for $40 million, the Guinness World Record for the biggest purchase ever conducted over the internet.

Dell CEO Michael Dell has also been part of the Gulfstream club — he used to own a Gulfstream V, but reportedly upgraded to a Boeing Dreamliner 787.

Bill Gates is an avid luxury car collector. His first big splurge after founding Microsoft was a Porsche 911 supercar. He later bought a Porsche 959.

Elon Musk also has an affinity for cars. In 2013, he purchased the Lotus Esprit submarine car used in a James Bond movie for $920,000. In addition to Teslas, he owns a Ford Model T and Jaguar E-Type Series 1 Roadster.

Billionaire Shahid Khan owns the 312-foot yacht Kismet, which has a weekly charter rate of around $1.29 million. Billionaire couple Beyoncé and Jay-Z have chartered onboard

Russian billionaire Roman Abramovich owns the second largest yacht in the world, Eclipse, equipped with two helicopter pads and a disco hall. It's worth $1.9 billion.

And Paul Allen owns two superyachts — the 414-foot Octopus, which cost $200 million to build and has a basketball court and recording studio, and the 303-foot Tatoosh, which he once tried to sell for $160 million

Michael Bloomberg reportedly owns between 12 and 15 houses around the world, from his home base in New York City and a ski resort unit in Vail, Colorado, to an abode in Bermuda and two houses in London, including one in Knightsbridge worth $18 million.

Im glad that im not one of them. HAHHAA. so this article view us how they used or spend their Money..

Thank you for reading my article!!