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October 26, 2022 at 01:11 PM
Related: 10 Ways to Get Noticed in Wealthy Circles
Henley & Partners’ recent study of the world’s 25,940 centi-millionaires — those with $100 million or more in investable assets — focused on the spending habits of these financiers, tech titans, multinational CEOs and heirs.
This new class of rich, whose numbers have more than doubled over the past 20 years, splashes out on yachts and private jets, pays exorbitant fees for their children’s education and indulges in pursuits that those with fewer resources can envy.
“The centi-millionaire is someone so affluent that they don’t need to think about how much they spend,” Juerg Steffen, chief executive of Henley & Partners, said in a statement. “In fact, the level of wealth they have achieved means they are unlikely to ever worry about money again.”
So, what do they spend their wealth on? See the gallery to find out.
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