Rich Boys and their Rich toys

Mega Yacht

Purchase Price: $6,750,000

Yearly Operating Costs: $1.025 million

This 127-foot used mega yacht can be picked up for $6.7 million, a relative bargain. But it could cost over $1 million a year to run, said Justin Onofrietti, the broker at Fort. Lauderdale, Fla.-based Denison Yacht Sales that's selling the ship.

Private Jet

Purchase Price: $50.5 million

Yearly Operating Costs: $2.5 million

The Gulfstream G550 is one of the most sought-after long-range private jets. Usually used by businesses, it's also popular among very wealthy individuals.

Helicopter

Purchase Price: $6.5 million

Annual Operating Costs: $1 million

Can't afford the private jet? How about the much more affordable personal helicopter? You might have to fly commercial but at least you won't have to take a cab to the airport.

And the operating costs are also easier on the wallet: The Bell 430, a top-of-the-line executive model, will eat up a mere $200,000 a year in fuel, $338,000 in maintenance costs, $216,000 in crew salaries and $150,000 in hanger and insurance costs, according to the aviation research firm Conklin & de Decker.

Exotic Car

Purchase Price: $380,000

Yearly Operating Costs: $70,000 or higher

Just parking an exotic automobile at a garage in midtown Manhattan will cost north of $8,000 a year -- more than most Americans spend on actual car payments.

Then there's insurance, which on this $380,000 Rolls Royce Phantom will run around $8,400 a year, according to Hagerty Insurance.

Don't forget maintenance and repairs.

Private Island

Purchase Price: $55 million Annual Operating Costs: $200,000 and up

This 681-acre Bahamas island boasts an airstrip, a seven-bedroom timber frame main house, and two staff houses.

Maintaining an island like this requires one engineer to run the water and electrical systems and two groundskeepers, at a minimum, said George Damianos, the Sotheby's broker selling it.

Operating costs can exceed a million dollars on islands with bigger homes.

Personal Chef

Annual Cost: $80,000 to $150,000

Who doesn't fantasize about having their own private cook, with tasty meals whipped up on a whim?

But a personal chef is one of the most expensive of all domestic staff, commanding anywhere from $80,000 to $150,000 a year plus benefits.

Source: Multiple