Barbara Corcoran choose to fly bus to plane, though self-made multimillionaire and the Shark Tank investor can afford first-class tickets.
In an episode of The Jamie Kern Lima Show that aired last week, Corcoran explained why she flies coach. Her reasoning began with the incredulous question, “Do you know how much a first class ticket costs?”
“As I understand it, a coach ticket is about 25% of a first class ticket,” Corcoran said.
As of Tuesday, a first class ticket on Delta Air Lines from New York to Chicago in January it cost at least $125 more and in many cases double the price of economy.
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Corcoran makes a difference when she flies and sees the flying bus as a way to provide free rides to her family. As a frequent flyer, she packs up airline miles which she can then redeem for free flights.
“I get the free miles, I can give them away,” Corcoran said. “I have everyone in my family flying with my free miles. What's more important, everyone having a vacation or me being comfortable in first class?”
Barbara Corcoran. Photo by Axelle/Bauer-Griffin/FilmMagic
Corcoran admitted in the interview that she could afford to do both: give everyone a vacation and fly first class. The self-made millionaire made her fortune by selling her real estate company The Corcoran Group in 2001 for 66 million dollars; she now does about 4.5 million dollars per year from its investments.
Although she can afford it, she won't be flying first class.
Instead, Corcoran says she'll “be on the coach feeling pretty smug” because she knows her trip will net “three plane tickets that can take somebody somewhere.”
Corcoran similarly thinks of her family when it comes to her various properties. She revealed in the interview that she has a schedule system so that people she knows and loves can stay at her homes while she is away. They stay in her ski house, her beach houseand she home in New York.
“There is not a single bed in any of my houses that is empty,” Corcoran said.
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