Chinese New Year (also known as the Spring Festival, and hereafter to be referred to as CNY) officially begins this year on January 28 and continues until February 2. It’s high time to finalize your plans for a luxurious celebration to mark the start of the new lunar year.
Many people worry about the future, oftentimes to their own detriment. When you’re extremely wealthy, your ability to fund your darkest fears can lead you to some odd places. Like a reinforced bunker with 12-inch thick walls, a rifle range, a gym, an archery field and one of the world’s largest fountains that you share with 2,000 other like-minded people. Let us explain.
What happens when a new product is too luxurious for its own good? JP Morgan Chase found out the hard way with its new Chase Sapphire Reserve Visa card, billed as “the American Express Platinum Card for millennials.” Who knew that a credit card could create a frenzy akin to Karl Lagerfeld’s collection at H&M?
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.”
In the farthest realms of wealth, where mega-yachts rule the sea, it is de rigueur to own your own submarine. Or personal submersible. As sea-faring billionaires are wont to say, “scuba diving is great for people who don’t own a sub.”
