Americans spend an average of $33,000 on their big day, which amounts to between 25% and 50% of their annual household income.

The lavish, celebrity-packed affair in Venice, replete with private water-taxis, three-Michelin-star catering and Murano glass gifts for guests, is over the top, but far from the most expensive billionaire wedding on record.

Sánchez’s engagement ring, estimated to be about 30 carats, cost about $5 million, which could cover the cost of about 962 engagement rings with an average cost of $5,200, USA Today stated.