Tag: oligarchs

There’s a powerful extract in Oliver Bollough’s (superb) Moneyland talking about about the role offshore capital in inflating assets such as wine, art, cars, yachts and most of all real estate, with the latter then used to house these inflated assets. In the process it empowers a new class of fixers, helping manage this wealth […]

From Common Wealth, by Jeffrey Sachs, pg 327-328. Quoted in Jefffey Sachs, by Japhey Wilson, loc 1457: There are now around 950 billionaires in the world, with an estimated combined wealth of $3.5 trillion. That’s an amazing $900 billion in just one year. Even after all the yachts, mansions, and luxury living that money can […]

Following on from my previous post, I’m really interested in how this trend shapes how contemporary elites seek to make sense of their actions and circumstances in moral terms. From Plutocrats: The Rise of the New Global Super-Rich pg 44: Forbes classifies 840 of the 1,226 people on its 2012 billionaire ranking as self- made. […]