The Super Rich and eminent class of society lead far different lifestyles than the working class.
We may have heard stories about how rich and famous people party to splurge on their bounties. But very few of us, reading this article know that the facts behind the gossip of prestigious lifestyles are different. Much of ‘What’ is printed in lifestyle magazines like ‘Prestige’ and tabloids like ‘Bombay Times. Yet ‘Hows’ and ‘Whys’ behind such lifestyle buzz are not known to the public. You will be astonished to know, how money moves in their life! The talks about the Ambani family owning the world’s most expensive home are real. The stories behind them leading to an extravagant lifestyle are not at all made-up tales.
Why do the Super Rich parade around the media to flaunt their wealth?
The main reason behind spreading such reports is to keep airing competitive speculation alive in the media. Millionaires and billionaires keep the door of speculation open because speculations draw media attention and media attract people. Now, do you get it? How does the speculative business work?
Commercial And Private Real Estate
Today an average intellectual property owner can become a dynast in society by gaining a hold over investment strategies and this is what elite people do to extend their reach and riches.
According to Business Insiders, “Amber Heard called Johnny Depp a ‘sellout’ in an audio recording of a vicious fight played at a defamation trial”. Without directing their personal affairs, let us be intelligent and look at the matter carefully. The Hollywood superstar has a sparkling net of millions to sustain even after the pandemic. Since the early days of his acting career Johnny boy has been known for making large sums of money. According to a certified YouTube channel, Johnny Depp has spent more than 75 million dollars on real estate. He has invested the incredible amount of money he has earned into buying mansions surrounded by pools, condos, and his much-known island in the Bahamas with a chain of beaches.
The advantage of investing money in landholdings is that;
- It Generates Passive Income,
- Embraces Upon Constant Liquidity
- Offers Tax Benefits
The fleets of Luxury Vehicles
You must have come across the stories about comedian super rich Jay Leno’s car and motorcycle collections. Many of the fans must have visited his “Big Dog Garage” which puts on display the exquisite collection of old cars. Only God knows, how these people deal with the constantly fluctuating value of their auto insurance policies!
Buying and maintaining a huge collection of luxury cars is an exclusive interest to sustain. Only the elites on this earth can afford to do that. The graph of the largest private car collection in the world is topped by Hassanal Bolkiah, the 29th Sultan of Brunie. He said to have, so far acquired a collection of around 7000 plush cars approximately. Though richer communities have a strong active presence in society, their hobbies light up sheer opulence.
Traveling In Private Jets and Yachts
While the covid pandemic is almost through, the common man is eager to get rid of the four walls. The fat cats of super-rich societies are also eager to exercise their right to freedom to fly and sail anywhere they want to.
Cruising on the high waves of the sea on a private yacht is a truly luxurious experience. If the reports of Fox Business are to be believed, some renowned shipbuilding companies have been instructed to work on 330 new superyachts. And their secretly accumulated client list embraces the names of the two biggest business barons of the 20th century. One of them is a Canadian steel tycoon while the other one is a well-known American entrepreneur, who is also a media proprietor.
The reason million-dollar pockets choose to glide on private jets; is the ease of accessibility that brings convenience, privacy, comfort, indulgence, safety, and most important security. The convenience of queue-less and crowd-less journeys is incredible as well as quick. Although, Bill Gates and Jeff Bezos have topped the chart of richest people in the world. The most expensive jewel of the aviation world AIRBUS A380 is owned by Saudi Arabian Prince, Alwaleed Bin Talal. It has been quoted to have a USD$ 500 million price tag. Those who earn in style don’t have to wait or think twice before splurging it all in style.
When people of such high disposition decide to go on vacation, they expect nothing but unparalleled service. Expect them to travel to handcrafted resorts or hire the whole private island for courageously expensive vacations.
Aesthetic Art Collection
Conceiving a piece of art is the work of a mastermind artist. Common people may prefer to view an art piece in a museum or an art gallery but not everybody can afford it.
For a self-made, super-rich French billionaire, Francois Pinault’s art collection is not merely a hobby. His passion for contemporary art collection has flagged the way for various cultural projects benefiting art historians and novel artists.
Many wealthy people secure the pieces of art as an asset. The value of decorative art is appreciated after a certain period. After which they sell a masterpiece inside the auction hall, for millions. It is a lesser-known fact that fine art collectors are privileged to gain tax benefits by donating the object of art from their collection to the museum by acting upon the tax credit system.
The value of investment products in the art market is tough to determine, as they may not have any stable rate of currency. Though the policies are made clear in public offering documents, the tax exertion in the art world is done secretly.
One Can Easily Expand The Capital By –
- Investing hard-earned money over a longer period.
- Working intelligently around the acquired assets.
- Taking profitable decisions at the right time to grow.
Super Rich people amaze the world by upbringing their horizons of revenue. They do so by placing their money where it keeps increasing. And this is something that anyone can do. You only have to put your best foot forward. All the best to you for a bright future filled with millions.
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