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.