Thursday 5 July 2007

World's rich have different dialects

They all have wallets with unfathomed depth, but they spend their fortune in different ways.

European millionaires are most money-wise, and they spend not to spend, but to invest, so they allocate about 25% of their luxury money on art, the highest proportion in the world. On one hand, this is tradition, they love collecting painting and sculputre dated back to long time ago, but on the other hand, they tend to view art as shrewd investment.

North America: tend to be more pupulist, spending the largest share of their passion dollars on cars, boats and jes-- in many cases upgrading many things they craved before they get rich.
Besides, they spend a large percentage on coins, antiques, rare baseball cards and other collectible paraphernalia due to nostalgia.

Asia: tend to show off wealth. so they outpsend their american counterparts when it comes to jets , yachts and cars. they also spend far more than european and american on jewelry.

Middle East: spend the most on jewelry due to their nomadic traditions in the regions which have made jewelry a popular commodity, since it is easily portable.

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