What Brings High-Net-Worth People to Everest?

People are paying upwards of $100,000 to climb Mount Everest. Author Will Cockrell argues that's not such a bad thing.

A group of climbers ascends Everest wearing colorful gear.
(Image credit: Getty Images)

The first documented person to climb the "Seven Summits" — the tallest mountain on each continent — was Dick Bass. He wasn't a professional athlete or mountaineer of any kind, just an American businessman with a dream. 

Throughout most of his attempts at the summits, Bass was accompanied by another American businessman with a dream, Frank Wells. Wells missed out only on summiting the tallest mountain in the world, Mount Everest, despite his best efforts. Shortly after abandoning Everest, Wells summited another type of mountain: he was appointed president of The Walt Disney Company (DIS), a role he served for a decade before his death in a helicopter crash.

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Alexandra Svokos
Senior Digital Editor

Alexandra Svokos is the senior digital editor of Kiplinger. She holds an MBA from NYU Stern in finance and management and a BA in economics and creative writing from Columbia University. Alexandra has a decade of experience in journalism and previously served as the senior editor of digital for ABC News, where she directed daily news coverage across topics through major events of the early 2020s for the network's website, including stock market trends, the remote and return-to-work revolutions, and the national economy. Before that, she pioneered politics and election coverage for Elite Daily and went on to serve as the senior news editor for that group. 

Alexandra was recognized with an "Up & Comer" award at the 2018 Folio: Top Women in Media awards, and she was asked twice by the Nieman Journalism Lab to contribute to their annual journalism predictions feature. She has also been asked to speak on panels and give presentations on the future of media and on business and media, including by the Center for Communication and Twipe.