What Billionaires Want For Christmas
By: Rose A. Valenta -
Published: Dec 12, 2007
Updated: Jun 7 2011
• References: online.wsj
The Wall Street Journal reports a record number of billionaires in the U.S. and says that there are many gift ideas for the â€œGilded Age.â€ Among the most luxurious is a $1.4 million submarine, a $1.6 million private concert by the Kirov Orchestra, yacht charters, jewelry, expensive estates, and get this, even something I can do â€“ a commissioned biography!
Have notebook, will travel!
Implications - As the world climbs its way out of the recent recession, it would appear the rich are only getting richer and the products they are purchasing are getting more extravagant. As a result, the market for these extravagant gifts is growing.