![]() ![]() The planet’s power brokers know that society will accept the recently wealthy-but only up to a point. These are the preferred investment vehicles for really smart and/or really insecure oligarchs. I’m referring to the most expensive art in the world by Rembrandt, Van Gogh, Picasso, Monet, Warhol, Pollock, Koons. I’m not talking about art from a local gallery or poster shop or Etsy or eBay. That luxuriously special, quintessentially refined asset is art. But instead of asserting the prosperity, taste, and exclusivity the titans of the world assume, these possessions signal that this super-rich person is, in fact, an unsophisticated super-rich schmuck.īut, if a wealthy person aspires to be more than just another Kardashian, one asset transcends all of this and changes the very identity of its owner, notably in the eyes of society. Multi-millionaires and billionaires can buy many things that (loudly) telegraph their wealth, from Lamborghinis to Birkins to Rolexes. Fudd, millionaire, owned a mansion and a yacht. You can read all the pieces here.Īny super-rich schmuck can buy a yacht. In the January + February 2024 issue of our magazine, we investigate the rise of American Oligarchy-and what it means for the rest of us. ![]() ![]() Not only had our nation become a haven for shady foreign money, but we were also incubating a familiar class of yacht-owning, industry-dominating, resource-extracting billionaires. When the US targeted Russia’s oligarchs after the invasion of Ukraine, the trail of assets kept leading to our own backyard. ![]()
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