The concept of fractional ownership is not new, it has existed for years in the private airplane industry. World renowned investor Warren Buffett, chairman of Berkshire Hathaway, purchased his first fractional jet in 1995 and three years later bought the company. Now his company is the world’s leading fractional jet company and part of a multi-billion dollar per year industry. Even Tiger Woods doesn’t own his whole jet, he owns a fraction of it. When you hear in the news that such and such celebrity flew into town on their private jet, chances are most likely that they arrived in a jet they own a piece of. Why not own a piece of a new luxury boat?
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