How The Super Rich Spend Their Money
Ultra-expensive automobiles accounted for a massive slice of the global luxury goods market last year. Across the world, the super rich spent almost $438 billion on fancy cars in 2014. Personal luxury items like perfume, jewellery and clothing were the second largest market, accounting for $278 billion. The value of the world's luxury goods market has increased steadily in recent times, little surprise given the increasing number of billionaires across the globe. All in all, people splurged over $1 trillion on upmarket items throughout the year.