luxury watches | wealthymatters

The World’s Most Expensive Watches

August 5, 2012 15 Comments

wealthymatters.com

201-carat Chopard
Price: $25 million

At the center are a 15 carat pink diamond, a 12 carat blue diamond and a 11 carat white diamond.They are surrounded by 163 carats of white and yellow diamonds. Read more of this post

Filed under Alternative Assets, Tidbits Tagged with 18 carat gold, 201-carat Chopard, black diamonds, Blancpain 1735 Grande Complication, blue diamond, Breguet pocket watch 1907BA/12, Chopard, expensive watches, Henry Graves, Hublot Black Caviar Bang, Jr, Louis Moinet Magistralis, lunar meteorite, luxurious watches, luxury watches, Patek Philippe, Patek Philippe Sky Moon Tourbillon, Patek Philippe's Platinum World Time, Patek Philippe's Supercomplication, pink diamond, platinum, pocket watch, postaday, rose gold, The Chopard Super Ice Cube, Vacheron Constantin, Vacheron Constantin Tour de l'Ile, white diamond, white gold, yellow diamond

Robert Frank On Richistan

May 26, 2012 Leave a comment

wealthymatters “Richistan: A Journey Through The 21^st Century Wealth Boom and the Lives of the New Rich” is a book by Robert Frank who writes “The Wealth Report,” a Wall Street Journal weekly column and blog.The book is an eye-opening, educational and at times amusing summary of Frank’s years of analysis of the “new rich”.They came to his attention in 2003 when he noticed that statistics from the Federal Reserve Board showed a curious pattern: the number of millionaire households in the U.S. had doubled since 1995 and showed no sign of slowing.

So what is Richistan? Frank defines it as the domain–effectively an exotic country(stan)-of the world’s households that are worth $1 million or more.

So who are the denizens of Richistan?

According to Frank, less than 10 percent of Richistanis are from Old Money -the community of bluebloods whose ancestors made their money in the first Gilded Age-and only 3 percent are celebrities. The rest are: Read more of this post

Filed under Tidbits Tagged with 500 ft yachts, and Bust, Billionaires, book review, Bubble, charity and philanthropy, exclusive clubs, haves and have mores, indebtedness, luxury watches, mansions, Millionaires, New Rich, Old Money, postaday, Richistan, Richistan: A Journey Through The 21st Century Wealth Boom and the Lives of the New Rich, Richistanis, Robert Frank, The High-Beta Rich: How the Manic Wealthy Will Take Us to the Next Boom, The Wealth Report

On What Do India’s Wealthy Spend Their Money?

May 13, 2012 1 Comment

wealthymatters What do India’s wealthy like to buy with their buckets of money?

Customized holiday packages, luxury watches, diamonds and jewelry, and home electronics (including fancy mobiles and high-end cameras) — in that order.They buy luxury cars, too, but not Ferraris and Lamborghinis as one would expect. More like Honda and Toyota, according to the study conducted by Kotak Wealth Management and rating and research firm Crisil Ltd.The wealthy here are defined as households with a minimum average net worth of 250 million rupees ($5.6 million) for the financial year ended March 31, 2011.

Researchers interviewed 150 super-wealthy individuals in India’s major cities of Mumbai, Delhi and Bangalore, and others like Hyderabad, Ahmedabad and Chennai to put together the study. Senior personnel at major global luxury brands, art gallery owners, product dealers and industry body representatives were also interviewed. Read more of this post