Word: superrich
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...list; Chinese investors ranked the Russian capital just behind Paris, for example. Despite all the recent economic and geopolitical turmoil, Russia is becoming "a significant destination" for international companies, Lhermitte says. The crisis doesn't seem to have made too much of an impression on Russia's superrich, either. When Larry Gagosian of the New York Gagosian Gallery opened a modern-art exhibition including works by Picasso and Warhol at the Red October chocolate factory in downtown Moscow in September, all roads to the show were jammed by luxury cars...
...English socialite worried about getting shot, oversize paramilitary gear simply won't do. Fortunately, London's superrich can now maintain their security without sacrificing style. On July 14, Miguel Caballero, the world's only producer of "designer bulletproof fashion," started selling his high-security garments at posh London department store Harrods. His new collection includes blazers, raincoats and suede jackets, some replete with a comforting stab-proof lining. Customers get to select from three levels of ballistic protection. For instance, a polo shirt that can withstand a slug from a 9-mm revolver costs roughly $7,500; a version...
There are more superrich than there are superyachts to go around. Damn. "Production capabilities are running behind demand," says Joel Plasco, CEO of Collins Stewart, the private banking group that sponsors the London Boat Show. But scarcity doesn't hurt this industry. The small number of yachts it builds makes it less vulnerable to economic upheaval: manufacturers need only rely on a handful of customers. "It's more difficult for luxury-goods makers who have to sell hundreds of thousands of items," Cannatelli says...
...Worth of Art (2) (Assouline) With art becoming the must-have status symbol of the superrich, critic Judith Benhamou-Huet examines the machinations behind how it is bought and sold...
...charge probably won't deter London's superrich from tooling down Park Lane in their Lamborghinis, and Johnson is right that affluent households may just add a brace of low-emissions cars to their private transport options. A small increase in traffic as people take advantage of the exemption is unlikely to worry the Mayor, whose main aim is to wean people off private cars and onto buses, tubes and bikes. He says the scheme will be monitored and the exemption repealed if "hordes of people with a malignant turn of mind rush out to buy [low-emissions] cars just...