When thinking of millionaires, one of the first images that comes to mind is extravagant mansions, luxury cars, and expensive jewelry. However, there is another prized possession that is often associated with the ultra-wealthy: dogs. Specifically, purebred dogs like French Bulldogs, Poodles, and Golden Retrievers. But are these high-priced pups actually a millionaire’s best friend?
Why do millionaires love expensive dogs?
There are a few key reasons why many millionaires shell out thousands of dollars for purebred puppies:
- Status symbol – For some millionaires, owning an elite dog breed conveys prestige and sophistication. It shows they have the means to purchase a rare, coveted animal.
- Companionship – Millionaires tend to work long hours and can feel isolated. Dogs provide constant affection and comfort.
- Networking opportunities – Bringing their dog to elite events and dog shows lets them mingle with other upscale people.
- Security – Big dogs like Dobermans can also provide protection and security for their wealthy owners.
Additionally, some millionaires enjoy the process of selecting and raising a top-tier puppy. Overall, high-priced dogs appeal to millionaires’ egos and help address feelings of loneliness. They also signal to others that the owner has ample wealth.
What are some popular millionaire dog breeds?
When surveying the dog breeds most commonly owned by millionaires, a few clear favorites emerge:
French Bulldog
With their bat-like ears and compact bodies, French Bulldogs have become a must-have for upscale dog lovers. Prices range from $1,500 to $10,000+ for puppies. Celebs like Hugh Jackman, Lady Gaga, and The Rock have all owned Frenchies.
Poodle
Available in toy, miniature and standard sizes, Poodles are the epitome of a luxury dog breed. Their elegant appearance and air of intelligence makes them a long-time favorite of the wealthy. Well-bred Poodles can sell for $5,000 or more.
Golden Retriever
America’s favorite family dog also holds appeal for upscale owners. With their good nature, intelligence and classically handsome looks, Golden Retrievers are a common sight in wealthy enclaves. Millionaires may pay $2,000 to $5,000 for a top-quality Golden.
Other Popular Breeds
In addition, millionaires often acquire exotic dogs like Chow Chows, Afghan Hounds, Bernese Mountain Dogs and more. Any rare or specially bred dog that comes with a big price tag and aura of exclusivity holds appeal with this wealthy demographic.
Are expensive dogs worth it for millionaires?
There are certainly pros and cons to splurging on a high-end canine companion. Some key considerations include:
Pros
- Prestige and status symbol
- Companionship and affection
- Conversation piece at elite events
- Way to pamper oneself
- Potential security benefits
Cons
- Extremely expensive – $5,000+ puppy, hundreds per month in care/feeding
- Ongoing grooming and training costs
- Health issues in certain breeds
- Time commitment for training and care
- May reinforce perceptions of excess and elitism
Ultimately, a millionaire must decide if the potential benefits outweigh the drawbacks for their lifestyle. Many feel the companionship and luxury is worth the price tag.
Are there more economical dog options?
Millionaires set on a canine companion do have multiple alternatives to spending many thousands on a purebred puppy. Some options include:
- Adopt a mixed breed dog from a shelter or rescue. Cost is typically under $500.
- Work with a reputable breeder offering dogs for $1,000 or less.
- Consider a “designer” crossbreed like a Goldendoodle or Labradoodle instead of a purebred.
- Check shelters and rescues for purebred dogs in need of homes.
- Ask friends/family about puppy availability – may find one at no cost.
The drawback is these dogs lack the elite pedigree and breeding that appeals to many millionaires. But they can still provide companionship and affection at a fraction of the cost.
Conclusion
When deciding if an expensive purebred dog is worth the investment, millionaires have to weigh factors such as prestige, companionship, and overall satisfaction against the substantial cost and time commitment. Lower cost shelter dogs or alternative breeds can provide similar benefits at a more reasonable price point. Ultimately, finding the right dog is about choosing the breed that best fits the millionaire’s lifestyle and preferences.