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One country is home to half of the 10 most expensive Michelin-starred restaurants in the world

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While Michelin-starred meals can cost just $1.50 per plate, most restaurants that have earned the prestigious award charge much more.

Many cost $300-$400 for one meal, but some command even higher rates.

To find the most expensive Michelin-starred restaurants, the cooking website Chef’s Pencil researched dinner tasting menus in more than 450 restaurants around the world, according to its website.

The top 10

According to Chef’s Pencil, the 10 most expensive restaurants* that have either received a Michelin star or are helmed by a chef that has are:

1. Sublimotion, Ibiza, Spain — $1,740

2. Ultraviolet by Paul Pairet, Shanghai, China — $1,422

3. Kitcho Arashiyama Honten, Kyoto, Japan — $910

4. Azabu Kadowaki, Tokyo, Japan $825

5. Masa, New York City, United States — $800

6. (Tie) Joel Robuchon, Tokyo, Japan $637

6. (Tie) Kikunoi Honten, Kyoto, Japan — $637

6. (Tie) Gion Maruyama, Kyoto, Japan — $637

9. Guy Savoy, Paris, France — $615

10. Piazza Duomo, Alba, Italy $580

* Priced per person, usually not including beverages and service charges.

Japan is the only country that appears more than once on this list, and its restaurants — located in Kyoto and Tokyo — dominate half the 10 spots. It’s worth noting, however, that Tokyo-based Joel Robuchon, which tied for No. 6 on the list, serves French cuisine.

The United States’ only restaurant to make the top 10, Masa, is also a Japanese restaurant.

Japan is home to the highest number of Michelin restaurants per capita in the world, with Tokyo having more Michelin-starred restaurants than any other city, according to Chef’s Pencil.

Why Japanese restaurants can be so expensive

There are reasons why many Japanese restaurants are expensive, said Chef Masaharu Morimoto, known to millions as the star of the television cooking shows “Iron Chef” and “Iron Chef America.”

“Japanese restaurants source seasonal fish from all over the world, which increases the cost of the ingredients,” he said. “There is also a cost of proper shipping and storage for these ingredients, considering fresh seafood has a short shelf life.”

Chef Masaharu Morimoto has 15 restaurants around the world, from Tokyo to New York City.

Dave Kotinsky | Getty Images Entertainment | Getty Images

Morimoto said “the skills the chef has — the precision and artistry in making and serving the dishes” are other factors.

Japanese restaurants can be quite small, with diners receiving personal attention from the chef.

“Restaurants with a limited number of seats usually try to provide an intimate and meaningful food experience for their guests,” said Morimoto. “Many notable sushi restaurants have a maximum of eight seats — no servers or additional staff.”

A chef prepares sushi at a restaurant in Tokyo, Japan.

BEHROUZ MEHRI | AFP | Getty Images

Many meals at high-end Japanese restaurants are served omakase-style, where chefs choose what to serve. That lets chefs prepare “an adventure unlike any other” for “an unforgettable multi-course dining experience that features the freshest fish and various other special ingredients that are reserved for this truly unique meal,” said Morimoto.

Most expensive meals by country

Despite dominating the list of most expensive restaurants, Japan may not be the most expensive country overall for people who seek a top Michelin-star experience.

A separate analysis by Chef’s Pencil published in September analyzed the prices of the most expensive tasting menus at restaurants with two and three Michelin stars.

Japan was fourth on that list.

Denmark is home to Noma, the No. 1 restaurant in the world in 2021, according to The World’s 50 Best Restaurants.

THIBAULT SAVARY | AFP | Getty Images

Denmark is the most expensive country to dine at a top Michelin-starred restaurant, with tasting menus averaging $404 per person. The restaurants in Singapore average $364, and in Sweden $327.

The average cost to dine at a two or three Michelin-starred restaurant in Japan is $322, according to the report.

A meal for $1,740?

While Japanese restaurants are often simple, the most expensive restaurant on Chef Pencil’s restaurant list is the opposite.

Located on the Spanish island of Ibiza, Sublimotion is the world’s first “gastronomic performance,” said founder Eduardo Gonzales.

Part of a 20-course meal at Ibiza’s Sublimotion restaurant.

Courtesy of Sublimotion

Its priciest tasting menu costs $1,740 per person for a 20-course meal. Seating 12 at a time, the restaurant uses virtual reality and special effects to add light and sound elements to the meal, he said.

In addition to chefs, a team of engineers, illusionists, scriptwriters and composers worked together “for more than 10 years with the aim of maximizing the pleasure of sitting at the table,” Gonzales said.

The restaurant, opened in 2014, is helmed by Michelin-starred Chef Paco Roncero, though it has yet to receive a star itself.

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‘Minions: The Rise of Gru’ tops $108 million as parents flock back to cinemas, kids in tow

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“Minions: The Rise of Gru” is the sequel to the 2015 film, “Minions,” and spin-off/prequel to the main “Despicable Me” film series.

Universal

Families have gone bananas for “Minions: The Rise of Gru.”

Over the weekend, the Universal and Illumination animated feature tallied more than $108 million in ticket sales.

The fifth film in the Despicable Me franchise generated an additional $93.7 million from international markets, bringing its estimated opening weekend haul to $202 million globally.

“With the incredible success of ‘Minions,’ the notion that family audiences were avoiding movie theaters due to Covid concerns can be shelved,” said Paul Dergarabedian, senior media analyst at Comscore.

Box office analysts had wondered if this segment of moviegoers was still avoiding cinemas after Disney and Pixar’s “Lightyear” took in just $51 million during its domestic debut last month, below expectations of $70 million and $85 million.

It was unclear if tough box office competition led to “Lightyear’s” less than stellar debut or if consumers were confused about the film’s release. After all, there has not been a theatrical release of a Pixar film since 2020′s “Onward.” The last three from the animation studio, “Soul,” “Luca” and “Turning Red,” were all released on streaming service Disney+.

“Minions: The Rise of Gru” represented 54% of all domestic moviegoers over the weekend, with 68% of ticket holders being part of family groups, according to data from EntTelligence.

“What this weekend has showcased is a triumphant return to cinemas by families, laying to rest any lingering and outdated pandemic narrative that parents and kids only want to watch movies at home,” said Shawn Robbins, chief analyst at BoxOffice.com. “When the right content is out there, people will show up.”

The film is expected to add another $20 million in ticket sales in the U.S. and Canada on Monday, bringing its holiday weekend total to $128 million.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal is the distributor of “Minions: The Rise of Gru.”

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American Airlines scheduling glitch allows pilots to drop thousands of July flights

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An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida.

Joe Raedle | Getty Images

A glitch in a scheduling platform allowed American Airlines pilots to drop thousands of July assignments overnight Saturday, their union said, a headache for the airline as it tries to minimize flight disruptions during a booming travel season.

American said it didn’t expect the problem to affect its operation, including during the busy July Fourth holiday weekend. The union and airline are now discussing additional pay for pilots whose dropped trips the airline reinstated, the Allied Pilots Association said.

“As a result of this technical glitch, certain trip trading transactions were able to be processed when it shouldn’t have been permitted,” the airline said in a statement. “We already have restored the vast majority of the affected trips and do not anticipate any operational impact because of this issue.”

More than 12,000 July flights lacked either a captain, first officer, or both, after pilots dropped assignments, the Allied Pilots Association said Saturday. APA said the airline reinstated about 80% of the trips.

Pilots can routinely drop or pick up trips, but time off in the summer or holidays is hard to come by for airline employees as schedules peak to cater to strong demand.

On Saturday alone, American had more than 3,000 mainline flights scheduled and they were 93% full, according to an internal tally. Flights left unstaffed, however, are an additional strain on any airline.

The glitch occurred during a rocky start to the Fourth of July weekend when thunderstorms and staffing issues caused thousands of U.S. flight delays and hundreds of cancellations.

A similar issue occurred in 2017, when a technology problem let American’s pilots take vacation during the busy December holiday period. The carrier offered pilots 150% pay for pilots that picked up assignments.

American and its pilots’ union, whose relationship has been fraught, are in the middle of contract negotiations and the airline most recently offered nearly 17% raises through 2024.

Union president Capt. Ed Sicher, who started his term Friday, told American’s roughly 15,000 pilots Saturday night that American Airlines CEO Robert Isom said he is committed to paying an “inconvenience premium” to aviators whose trips American put back on their schedules after the glitch.

“To Mr. Isom’s credit, he called me four times today to commit to mitigating the damage from this debacle,” Sicher wrote late Saturday. “We started at a 200% override, although the details of this pay are still the subject of negotiations and there is no guarantee of the details or the amounts.”

American Airlines declined to comment on Sicher’s message to pilots.

American’s pilots have picketed recently against grueling schedules, something they want to be addressed in a new contract. Pilots at Delta and Southwest have picketed in recent weeks for similar reasons.

Sicher also struck an upbeat tone about contract talks with American, particularly about quality-of-life issues.

“Please understand that no firm commitments have yet been made, but I feel that we have, at least for the first time since negotiations began, received positive indications that management is motivated to achieve collaborative solutions to longstanding problems with our current contract that will greatly enhance our ability to trade our trips and consequently enhance our quality of life,” he wrote.

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Trump media company subpoenaed in federal criminal probe of SPAC deal

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Former U.S. President Donald Trump gives the keynote address at the Faith & Freedom Coalition during their annual “Road To Majority Policy Conference” at the Gaylord Opryland Resort & Convention Center June 17, 2022 in Nashville, Tennessee.

Seth Herald | Getty Images

Donald Trump’s media company was subpoenaed by a federal grand jury in connection with a criminal probe, according to the company with which the former president’s firm plans to merge.

Digital World Acquisition Corp. said in a filing Friday that Trump Media and Technology Group received a subpoena from the grand jury in Manhattan on Thursday. The Trump company also received a subpoena from the Securities and Exchange Commission regarding a civil probe on Monday, DWAC said.

DWAC also said some current and former TMTG employees have also recently received grand jury subpoenas.

The filing came days after DWAC said the government investigations could delay or even prevent its merger with Trump’s newly formed company, which includes Truth Social, a social media app intended to be an alternative to Twitter.

Neither TMTG nor a spokeswoman for Trump immediately responded to CNBC’s requests for comment.

The Justice Department and the SEC, which regulates the stock market, are investigating the deal between DWAC and Trump Media. By merging with DWAC, which is a kind of shell company called a special purpose acquisition company, or SPAC, Trump’s firm would gain access to potentially billions of dollars on public equities markets.

Trump established Truth Social months after Twitter banned him for his tweets on Jan. 6, 2021, when hundreds of his supporters stormed the U.S. Capitol in a bid to overturn Joe Biden’s victory in the presidential election. Trump Media’s CEO is former Rep. Devin Nunes, one of the former president’s most ardent loyalists in the Republican Party. Trump is also considering whether to run for president in the 2024 election.

Trump has continued to spread the lie that the election was stolen from him. His alleged involvement in the Jan. 6 insurrection is being probed by a House select committee that has accused the former president of being at the center of a multipronged conspiracy to block the peaceful transfer of power to Biden.

Early criticism of the Trump-DWAC deal came from Sen. Elizabeth Warren, D-Mass. In calling for an investigation, she wrote to SEC Chair Gary Gensler in November, telling him that DWAC “may have committed securities violations by holding private and undisclosed discussions about the merger as early as May 2021, while omitting this information in [SEC] filing and other public statements.”

DWAC shares are far off their highs, closing Friday at $24.20. The stock had surged above $90 in October, after the deal with Trump’s group was announced.

DWAC on Monday revealed in a securities filing that it learned June 16 that each member of its board of directors received subpoenas from the same federal grand jury.

The grand jury sought documents similar to those the SEC already requested as part of its civil probe, DWAC said. The company itself was served with a subpoena a week ago with similar requests, along with other requests relating to communications, individuals and information involving Rocket One Capital.

DWAC also revealed Monday that a board member, Bruce J. Garelick, had told management that he would quit the board during the previous week. Garelick said his resignation “was not the result of any disagreement with Digital World’s operations, policies or practices,” according to the company filing.

— CNBC’s Kevin Breuninger and Thomas Franck contributed to this story.

This is breaking news. Please check back for updates.

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