This Is What It Costs to Be Rich

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Our try to doc the unusual widespread prices for the uber-wealthy.

When the US focused Russia’s oligarchs after the invasion of Ukraine, the path of property stored main to our personal yard. Not solely had our nation turn out to be a haven for shady international cash, however we have been additionally incubating a well-known class of yacht-owning, industry-dominating, resource-extracting billionaires. In the January + February 2024 difficulty of our journal, we examine the rise of American Oligarchy—and what it means for the remainder of us. You can learn all of the items right here.

Even one in every of the unique oligarchs of Russia, Boris Berezovsky—a fast-talking stereotype of a capitalist who made his fortune within the firesale of the previous Soviet state—discovered there have been distinctive prices to new wealth. Forbes referred to as him a “gangland boss,” which meant he wanted to sue for libel. Car-bombers needed to kill him, so he wanted safety. As he fought his rivals within the rising upper-crust, Berezovsky would find yourself paying for a myriad of lawsuits, homes, hostile takeovers, cars, boats, divorces, philanthropic endeavors, more homes (when he went into exile), financial assistance for a lesser royal, and funds to Chechen warlords to commit kidnappings. It prices so much, it seems, to be disgustingly wealthy.

Each oligarch is exclusive. But we needed to define the prices of the final “lifestyle creep” related to unfathomable non-public energy. Here is our try to doc the unusual widespread prices for the uber-wealthy: an oligarch shopper value index. See should you can guess any of the bills.

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