Business Tech, 06 March 2016
People who have a lot of money like to spend that money – and they like to invest in everything from classic cars to stamps and coins.
According to property group Knight Frank’s latest Wealth Report for 2016, the world’s ultra-high net worth individuals (worth more than $30 million) have increased spending on luxury goods by over 200% in the past decade.
Not all asset classes have grown equally, however, with super wealthy people finding favour with big buys such as classic cars, wines, coins and art over things like furniture, Chinese ceramics and diamonds.
[READ THE FULL ARTICLE AND DISCOVER THE TOP 11 PURCHASED LUXURY GOODS BY UHNWI]