Chapter 1: The Rich and the Super-Rich: Mobility, Consumption and Luxury Lifestyles* Next Chapter

Mike Featherstone

In: Consumer Culture, Modernity and Identity

Chapter 1: The Rich and the Super-Rich: Mobility, Consumption and Luxury Lifestyles*

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The Rich and the Super-Rich: Mobility, Consumption and Luxury Lifestyles*
The rich and the super-rich: Mobility, consumption and luxury lifestyles
MikeFeatherstone
Introduction

In the wake of the global recession, the emergence of a new cohort of the wealthy, widely dubbed as ‘the super-rich’ has become more prominent. The expanding range of digital communications and transport technologies, coupled with 24-hour financial market trading and an array of offshore financial services provided in tax havens, has enabled a new type of mobile lifestyle for the growing strata of the rich and super-rich — increasingly referred to as ‘high net worth individuals’ and ‘ultra — high net worth individuals’. Members of this group can be found in a number of locations around the world, moving between prestigious residential areas of global ...

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