wealth

A Look Inside Ralph Lauren's Billion-Dollar Garage

Filed under: Luxury Cars & Autos, Wealth

We've written before about the automotive treasures in Ralph Lauren's car collection; now Vanity Fair has gotten an inside look at the lavish garage / gallery the designer recently built near his posh Westchester, NY estate to house them. Lauren transformed a former car dealership's storage facility into a shrine to the best in automotive design, with rooms dedicated to famous marques; the Ferrari room is pictured above, with a rare 1958 Testa Rossa taking center stage. The 60-plus ultra-valuable vehicles are all kept registered and ready to drive anytime the designer feels like going for a spin.

The eye-popping collection includes a 1936 Bugatti Type 57SC Atlantic worth an estimated $40 million alone – the world's most expensive car – a 1934 Bugatti Type 59 Grand Prix, a 1938 Alfa Romeo Mille Miglia roadster, the world's only 1930 Mercedes-Benz SSK "Count Trossi" roadster, a 1957 Jaguar XKSS, a McLaren F1, a 1929 "Blower" Bentley, a Ferrari 250 GT, and the only Lamborghini Reventon Roadster in the U.S. All have been maintained carefully since new, or restored to perfection – and "sometimes beyond perfection," the magazine notes, as some have been painted in colors that the billionaire decided were better than the originals.

Tags: Alfa Romeo, Bugatti, car collection, classic cars, designer, Ferrari, Ferrari 250 GT, Jaguar, Lamborghini, McLaren F1, Mercedes-Benz, Ralph Lauren, Vanity Fair, wealth, Westchester, worlds most expensive

Europe's Richest Man Building Scotland's Most Expensive Mansion

by Jared Paul Stern (RSS feed) —

Filed under: Estates, Wealth

Indian steel magnate Lakshmi Mittal is building the most expensive mansion ever erected in Scotland, next to the famed Gleneagles golf resort in Auchterarder, Perthshire. The London-based tycoon, Europe's richest man and the fifth richest man in the world with a fortune of $28.7 billion, is spending a record $23 million on the posh estate, including the $6 million mansion he tore down to make way for his new luxury fortress. His lavish private palace in London is reckoned to be the city's most expensive as well. Costs on the Perthshire project soared after Mittal decided some of the finished weren't up to standard, Scotland's Daily Record reports.

At one point he demanded a $125,000 bathroom be torn out and done over. "We are all very aware that Lakshmi Mittal has bought the property and he has been very particular about the specifications," one neighbor told the paper. "He has flown in several times and I have spoken to his wife, who seemed very down to earth. I get the impression she is more likely to use the facilities up here than her husband. I think their priority is getting it perfect." The six-bedroom main residence will have furnishings by Ralph Lauren, a state-of-the-art entertainment system, two kitchens and staff quarters among other amenities.

Tags: billionaire, estates, Europe, Gleneagles, India, Lakshmi Mittal, London, mansion, Perthshire, real estate, Scotland, UK, wealth, worlds most expensive

Brokers Stiffed on Sale of Duke-Semans Mansion to World's Richest Man

by Jared Paul Stern (RSS feed) —

Filed under: Estates, Wealth

It seems there was something a bit dodgy about the record $44 million sale of the famed Duke-Semans mansion (above) in New York City to Carlos Slim, the world's richest man, which we wrote about back in July. According to a lawsuit filed by the real estate brokers who had the listing on the palatial residence, former owner Tamir Sapir stiffed them out of nearly $1 million in commission by reneging on a prior agreement to sell the place to a different buyer for $37 million. Since Sapir, a cab driver-turned-fertilizer king, did the deal with Slim directly he ended up paying no brokerage fee, the New York Times reports, noting that the parties have just reached a settlement in the dispute for an undisclosed amount. Sapir bought the historic seven-story Beaux Arts mansion located across from the Metropolitan Museum of Art from relatives of Doris Duke for $40 million in 2006. When Slim took possession the 20,000-square-foot mansion, built in 1901, it had a doctor's office in the basement, a five-story main residence, a penthouse duplex on top, 12 bedrooms, 14 bathrooms, and 11 wood-burning fireplaces.

Tags: Carlos Slim, Duke-Semans mansion, estates, mansion, New York City, real estate, Tamir Sapir, wealth

Prince William and Kate Middleton Swear to Live Without Servants

by Jared Paul Stern (RSS feed) —

Filed under: Wealth

Soon-to-be-married couple Prince William and Kate Middleton say they do not plan to employ any servants in their royal household. Although William's father Prince Charles employs an army of 150 retainers, William and his new wife will not have so much as a single Jeeves to fetch their tea, the London Telegraph reports. The future King and Queen of England have been doing their own shopping, cooking and even cleaning at the rented cottage they occupy on weekends, the paper notes, and plan to continue in that vein once vows have been exchanged.

The only staff they can't dispense with are the bodyguards detailed to provide security for the heir to the throne. The couple apparently believe that sharing their home with servants would ruin the intimacy of their relationship. "It's very much their instinct to manage on their own," a senior royal source tells the paper. "They want to do their duty and make sure they are a real asset to the country but they are private individuals who want to get on with their lives." Of course all that will have to change when the couple move in to Buckingham Palace.

Tags: aristocrats, British royalty, Kate Middleton, Prince Charles, Prince William, royal family, royalty, UK, wealth

Abramovich's 'Eclipse' Finally Ready to Set Sail

by Jared Paul Stern (RSS feed) —

Filed under: Yachts & Sailing, Wealth

After a year-long delay our favorite Russian oligarch Roman Abramovich finally took delivery of the world's largest and most expensive yacht, the Eclipse (above), the other day in time to berth her in St. Barths for his big New Year's Eve bash starring the Black Eyed Peas. The yacht, which measures anywhere from 533 ft. to 557 ft. depending on reports, cost somewhere between $500 million – $1 billion, again depending on which news accounts you give credit to. In any case, the Eclipse will cost an estimated $50 million a year to maintain and each fill-up at the gas tanks will run Roman a cool $650,000. The Eclipse, built by Germany's Blohm + Voss with luxe accommodations for 30 guests and 75 crew members, was beset with problems as we noted over the summer. The yacht, which features a military-grade missile defense system, armor plating, bulletproof windows, three helipads, two swimming pools and a wellness center, is said to be paparazzi proof thanks to a special electronic shield.

[via JustLuxe]

Tags: abramovich, abramovich+eclipse, abramovicheclipse, Blohm + Voss, eclipse+yacht, eclipseyacht, megayacht, Roman Abramovich, Russian billionaires, st+barts, St. Barths, stbarts, wealth, yacht

Inside Abramovich's New $230 Million London Mega-Mansion

by Jared Paul Stern (RSS feed) —

Filed under: Estates, Wealth, Architecture & Design

Russian oligarch Roman Abramovich has purchased all nine luxury apartments in two adjoining buildings in London's posh Knightsbridge neighborhood and plans to transform them into a mega-mansion at a total cost of about $230 million. He aims to turn the 30,000-sq.-ft. eight-bedroom buildings, a historic property located next to famed department store Harrods and designed by renowned master builder Thomas Cubitt, who also designed parts of Buckingham Palace, into a high-tech luxury fortress with five above-ground stories and three underground levels, the London Daily Mail reports. The paper has obtained a schematic of the plans, above; most of the cost of the project will go towards the renovations.

"He wants a very plush interior in the style of high neoclassical Victorian to match the exterior," an insider tells the paper. "He's going to be very hands-on and there will be nothing minimalist about his taste. Inside will be all cornices, thick pile carpeting and heavy drapery." The plans call for six bedrooms two guest rooms all with en suite baths; a multicar garage with staff accommodation in a mews behind the main building; a cinema / entertainment room; an indoor swimming pool; a steam room and sauna; and a children's study and entertainment room. Abramovich has been patiently acquiring the flats in the buildings since the late '90s, the paper reveals, and just recently closed on the last one.

Source

Tags: abramovich, abramovich+london, abramovich+mansion, abramovichlondon, abramovichmansion, billionaire, estates, Harrods, Knightsbridge, London, mansion, Roman Abramovich, Russian billionaires, UK, wealth

Ukranian Billionaire Flys in Ducasse, Cirque du Soleil for $6 Million Birthday Bash

by Jared Paul Stern (RSS feed) —

Filed under: Events, Wealth

Ukrainian billionaire Viktor Pinchuk (above) is spending more than $6 million on an opulent 50th birthday bash for himself in the posh French ski resort of Courchevel tonight, flying in the Cirque de Soleil and superchef Alain Ducasse for the occasion. The steel magnate and contemporary art collector, whose has an estimated fortune of over $3 billion, is sparing no expense for the 300 guests invited to the event, the London Telegraph reports. It has taken 50 workmen two weeks "under difficult climactic conditions" to set up an enormous marquee to showcase the Cirque du Soleil, the world-renowned Canadian circus troupe, the paper notes.

Ducasse's haute cuisine will be accompanied by oceans of the finest champagne, vodka and top grand cru vintage wines. The evening will end with a spectacular fireworks display before guests retire to the resort's 11 five-star hotels, all booked out for the occasion. Pinchuk, who owns one of London's most expensive houses, has his own private museum in Kiev housing major works by Damien Hirst, Jeff Koons and Louis Vuitton collaborator Takashi Murakami. He has a number of philanthropic projects and arts sponsorships in the works with the likes of Paul McCartney, Sir Elton John, Steven Spielberg, George Soros and Bill Clinton, all of whom could turn up at the birthday blowout.

Tags: Alain Ducasse, billionaire, Cirque de Soleil, contemporary art, Courchevel, Damien Hirst, events, france, Jeff Koons, museum, oligarch, parties, Paul McCartney, Russian billionaires, Takashi Murakami, Ukraine, wealth

The Classicist: Paradise Lost - 40 Years of Cafe Society

by Jared Paul Stern (RSS feed) —

Filed under: Art, Books, The Classicist, Wealth

In the 1920s, '30s, '40s and '50s the so-called Café Society in Europe drew together aristocrats, millionaires, artists, authors, couturiers, choreographers and musicians in a "glittering world of fashion and frivolity, opulence and ostentation", notes Thierry Coudert in his ultra-stylish new book, Café Society: Socialites, Patrons and Artists 1920 to 1960 from Flammarion. Those decades were the "apotheosis of an era that was to have a profound influence on the history of taste" Coudert writes, with the likes of the Duke and Duchess of Windsor, Lady Diana Cooper, Diana Vreeland, Cole Porter, Noel Coward and Cecil Beaton setting the tone and deciding which artists, designers, and musicians were in vogue. The cover of the book (above) depicts heiress Barbara Hutton, then the Countess von Reventlow, at a tennis match in 1940, while Yves Saint Laurent, Orson Welles, Salvador Dali, Jean Cocteau and many more make cameos in the impressive volume.

Gallery: Cafe Society

Tags: Aristocrats, art, artists, books, Café Society, Cafe Society, coffee table books, Diana Vreeland, Duke and Duchess of Windsor, Duke of Windsor, Europe, fashion, France, Noel Coward, socialites, society, style, wealth, Yves Saint Laurent

Continue reading “The Classicist: Paradise Lost - 40 Years of Cafe Society”

$44 Million Yacht Tops Robb Report's 'Ultimate Gifts'

by Jared Paul Stern (RSS feed) —

Filed under: Jewelry, Yachts & Sailing, Luxury Cars & Autos, Wings, Holiday Guides, Wealth

It seems that Robb Report, the glossy chronicle of the filthy rich, has come back down to Earth a bit after last year's offering of the world's most expensive Christmas present, a matching custom private jet and megayacht set costing $500 million. Each year the profligate publication features an Ultimate Gift Guide, a seasonal offering of over-the-top exclusives. This year's sybaritic selections top out at a measly $44 million, which gets the recipient Aquos Yachts' 164-ft. expedition superyacht Star Fish to be delivered in 2012 and a luxurious three-week, 10-person charter trip aboard her sister ship, the 148-ft. Big Fish, while you're waiting. Among the other big ticket items for the price-is-no-object set:

Tags: Bahamas, Bugatti, Bugatti Veyron, diamonds, fighter jet, gifts, Holiday 2010, magazines, Parmigiani, private jet, Robb Report, safari, submersible, supercar, superyacht, theme park, wealth, yacht

Continue reading “$44 Million Yacht Tops Robb Report's 'Ultimate Gifts'”

VIDEO: Proof that the Bugatti Veyron is a Powerful Aphrodisiac

by Jared Paul Stern (RSS feed) —

Filed under: Luxury Cars & Autos, Wealth, Video

Yes, it's true: if you drive a Bugatti Veyron women will literally throw themselves at you even if you look like Barry Diller on a bad hair day. We're not merely speculating, either - this is an actual video clip of just such an occurrence. The episode in question features an elderly fellow in a $2 million Veyron Grand Sport cruising one of London's poshest shopping districts. The senior citizen, who is obviously as flush with cash as he is follicularly challenged, attracts the notice of a lithesome twentysomething blonde in very short shorts who approaches the vehicle as a taxi idles behind. Less than a minute later she has asked for the driver's phone number which he happily inputs into her cell phone. His somewhat blasé expression during the transaction, which doesn't even require him to pull over, suggests this sort of thing happens to him all the time. Maybe she just liked the way the all-white Grand Sport matches her all-white outfit, but more likely it was the seductive roar of its 1,001 hp quad-turbocharged DOHC 64-valve W-16 engine – and the man who can afford it.

[via JamesList]

Tags: Bugatti, Bugatti Veyron, Bugatti Veyron Grand Sport, London, sex, supercar, wealth

Flavio Briatore to Open "Billionaire's Square" in Dubai

by Jared Paul Stern (RSS feed) —

Filed under: Luxury Travel & Hotels, Real Estate Developments, Wealth

Italian playboy Flavio Briatore, (above, with his much younger lingerie model wife Elisabetta), has signed a deal to open a new Billionaire's Square complex in Dubai catering to those with unapologetically extravagant tastes. Building on the success of Briatore's Billionaire club for the super-rich on Sardinia's swank Costa Smeralda, the $150 million Billionaire's Square development will be constructed on the site of Dubai Media City's Palladium entertainment venue. The complex will include a boutique luxury hotel, a Billionaire Bar and Grill along with several other restaurants and bars, a VIP fitness club and a boutique selling items from Briatore's ostentatious Billionaire Couture line, maker of items like a $50,000 crocodile skin umbrella. The project is expected to be completed by the end of 2011. As my colleague Deirdre Woollard reported last year, Briatore's colorful career as a Formula 1 impresario linked to supermodels like Heidi Klum and Naomi Campbell came to an end in the wake of a race fixing scandal.

Source

Tags: billionaire, Dubai, Flavio Briatore, Formula 1, luxury hotels, playboy, Sardinia, UAE, wealth

Hotel de Crillion Bought by Prince Alwaleed bin Talal?

by Jared Paul Stern (RSS feed) —

Filed under: Luxury Travel & Hotels, Wealth

As my colleague Deirdre Woollard reported the other day, Paris' famed Hotel de Crillion (above), one of the world's most luxurious hotels with a clientele of celebs and royalty, is being sold to unnamed Saudi investors with ties to the country's royal family for about $354 million. Now an insider tells us that Saudi Prince Al-Waleed bin Talal, one of the world's richest men with a fortune of $19.4 billion, has a big stake in the deal. The Prince already has significant luxury hotel holdings including an interest in the Four Seasons and Fairmont groups. Back in January 2009 Deirdre reported that the Prince was preparing to embark on a major spending spree via his company Kingdom Holdings to acquire more hotel assets. Earlier this year he also sold off the Raffles Hotel in Singapore for $275 million.

The Crillon acquisition is part of the Prince's new plan for diversification, we're told. Constructed in 1758 as a government building commissioned by Louis XV, the palatial edifice near the Champs Elysées on Place de la Concorde was converted into a hotel 100 years ago. Its Leonard Bernstein suite, on the top floor with a wrap-around terrace, features one of the late maestro's pianos. Other luminaries past and present who have patronized the Crillon include Marie Antoinette, King George V, the Shah of Iran, Winston Churchill, FDR, Elizabeth Taylor, Jackie O, Mariah Carey, Madonna and Arnold Schwarzenegger. Starwood Capital, the property's sellers, took over the Crillon in 2005 as part of its €2 billion acquisition of Taittinger's hotel and champagne empire.

Tags: billionaire, hotel, Hotel de Crillion, luxury hotels, Paris, Prince Al Waleed bin Talal, Prince Al-Waleed bin Talal, royalty, Saudi Arabia, UAE, wealth

Largest Yacht Ever Built in Italy Knocks Paul Allen Off the Top 10

by Jared Paul Stern (RSS feed) —

Filed under: Yachts & Sailing, Wealth

Billionaire Microsoft co-founder Paul Allen no longer owns one of the world's 10 largest yachts thanks to the just-launched Serene (above) from Fincantieri. At just under 440 ft. Serene is the largest yacht ever built in Italy, and enters the list of the world's largest yachts at No. 9, according to Camper & Nicholsons – just behind the floating brothel Savarona. That knocks Allen's famed 414-ft. Octopus out of the top 10 altogether (No. 1 of course is still, by a mere 18 inches, Roman Abramovich's Eclipse). The billionaire buyer of Serene is unknown. Designed by Espen Oeino, the Serene, which took four years to complete, has seven decks, a tender hangar and two helipads. The high-tech megayacht features a large seawater swimming pool and a submarine with a diving depth of up to 100 metres. The 4,500 square meter interior boasts super-luxe accommodations and entertaining spaces designed by Pascale Reymond of London's Reymond Langton Design.

[via JamesList]

Tags: billionaire, Eclipse, Espen Oeino, Fincantieri, Italy, megayacht, Microsoft, Paul Allen, Roman Abramovich, submarine, superyacht, wealth, yacht, yacht design

The Classicist: UK's Elite Meet & Greet at High Net Worth Event

by Jared Paul Stern (RSS feed) —

Filed under: Luxury Cars & Autos, Wings, Events, Charity, Men's Style, The Classicist, Wealth, Architecture & Design

Some of the UK's wealthiest citizens met up recently at Cotswold Airport in the heart of bucolic Gloucestershire to rub elbows while eyeballing the latest in supercars and private jets. The ultra-exclusive Elite 2010 event was organized by Aeronautics Ltd. and the Fine English Company, dedicated to the best in bespoke British luxury. 200 high net worth VIPs were in attendance at the occasion hosted by British Royal Air Force Air Chief Marshal Sir Glenn Torpy. The event benefited Fly2Help, a charity dedicated to helping those who have suffered disaster, difficulty or tragedy by allowing them to experience the fun and love of flying. We got an inside look at the proceedings thanks to Fine English Co. founder Benedict Wormald.

Aeronautics Ltd. are the UK Sales Representative for Hawker Beechcraft and specialize in the sales, acquisition, management and charter brokerage of private jets. Other participating organizations at Elite 2010 included Aston Martin Racing, the famed British marque's motorsports division; Coutts, the legendary private bankers to the Queen of England and the British Royal Family as well as famed figures from the Duke of Wellington, Charles Dickens and Lord Nelson to The Beatles; Von Essen Hotels, the private collection of individual country house hotels in the UK and France which includes the famous Cliveden, once home to an Earl, two Dukes, a Prince of Wales and the Viscounts Astor; London's The Nth Degree Club Concierge, whose services include event management, private dining, exclusive chef's tables at top London restaurants and personal shopping; PremiAir Aviation; and Affinity Marketing Group.

Gallery: Elite 2010 UK

Tags: Aston Martin, aviation, Benedict Wormald, bespoke, BMW, British Royal Family, charity, Cliveden, England, events, Ferrari 458 Italia, Fine English Company, Fly2Help, furniture, Gloucestershire, Hawker Beechcraft, helicopter, London, Porsche, private jets, Queen of England, Spitfire, UK, Von Essen Hotels, wealth

Continue reading “The Classicist: UK's Elite Meet & Greet at High Net Worth Event”

World's Seventh Largest Yacht Could Be Seized in Sex Sting

by Jared Paul Stern (RSS feed) —

Filed under: Yachts & Sailing, Wealth, Crimes and Misdemeanors

Turkish officials are moving to seize the 446-ft. Savarona (above), the world's seventh largest yacht, in the wake of the dramatic prostitution raid on the ship off the Turkish coast which we first reported on Friday. Authorities charged that the megayacht, which is owned by the Republic of Turkey, was being run as a floating brothel by the unnamed businessman who had been renting it for $40,000 per day. Clients paid $3,000 to $10,000 per night to have sex with one or more Russian and Ukrainian fashion models, some of whom were underage and are being deported, according to reports.

A sometime business associate of Donald Trump, real estate mogul Tevfik Arif, was among those taken into custody when armed police arrived in helicopters to find an orgy in full swing. Built by Blohm + Voss in 1931 for an American heiress, the lavishly refurbished yacht features accommodations for 34 guests with 260 tons of polished marble, a swimming pool, turkish bath, 282-foot gold-trimmed grand staircase, movie theater, library and helipad. Celebrities who have stayed aboard her include Prince Charles, the Sultan of Brunei, Nicole Kidman, Sharon Stone, Hugh Grant and Tom Cruise, though so far there is no evidence any of them did so while the brothel was in operation.

UPDATE at 6:00pm ET on May 16, 2012: Tevfik Arif was acquitted of all charges in April 2011, according to The Guardian.

Gallery: The Superyacht 'Savarona'