How The Super Rich Spend Their Money

January 20th, 2015
in News, econ_news, syndication

from Felix Richter,
by Niall McCarthy

Ultra-expensive automobiles accounted for a massive slice of the global luxury goods market last year.

Follow up:

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.

This chart shows the luxury goods market in 2014.

Infographic: How The Super Rich Spend Their Money | Statista
You will find more statistics at Statista


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