All posts tagged: ASSETS

Why do Billionaires Go to the Big Global Art Fairs?

Art Basel in Miami Beach wrapped up last week, and the perpetual party that is South Florida is just a little bit quieter for now. On a recent afternoon in New York, I sat down with a friend who is deeply expert in contemporary art and asked him a simple question: what is it with billionaires and art? And why do so many extraordinarily wealthy people attend these big art fairs, like Art Basel Miami, year after year? He smiled as he glanced out at the glum, rainy, cold Manhattan sidewalk scene. “Well for one, it’s in Miami Beach.”

How to Befriend a Billionaire in One Easy Step

Have you ever wondered how to become part of the inner circle of a wealthy and powerful person? Is it your dream to be part of the entourage that gets to hang out with someone who is successful, driven and brilliant, a true alpha type who might actually change the world? This role can be yours, and it does not require you to do anything illegal, unethical or even unseemly (although of course many people seem to attempt all of those things, with varying measures of success). All you have to do is become the goat. Or the pig. Let me explain.

Why Are So Many Billionaires in Love with Yachts?

In the annals of the super-rich, many paragraphs will be devoted to super yachts. Representing perhaps the height of privacy and luxury – and certainly the height of purchase price and ongoing expense – super- and mega-yachts are gigantic, gilded and gorgeous. They’re the ultimate status symbol: Steve Jobs had Venus, Roman Abramovich has the Eclipse, Paul Allen has the Octopus, and the Emir of Abu Dhabi reportedly has the Azzam (complete with its own submarine and missile defense system).