“Inside the Obscene Lifestyles of the New Global Super-Rich”

“Inside the Obscene Lifestyles of the New Global Super-Rich”By Lynn Stuart Parramore“A new crop of global super-rich is pouring into the United States, changing the economic landscape from Manhattan to Los Angeles. They’re driving up the price of real estate, pushing out the middle class and going on buying binges that would make Gilded Age robber barons blush.First they want the hotel room — perhaps the storied, $15,000-a-night penthouse at the Fairmont San Francisco, where guests receive honey made by the Fairmont’s own honeybees. JFK was rumored to tryst there with Marilyn Monroe. Next they want the shopping spree, snapping up million-dollar diamond Chanel watches and $1,000-per-ounce perfume.



Read more about “Inside the Obscene Lifestyles of the New Global Super-Rich”