The richest at play
Although all the billionaires on Forbes' list of the 400 Richest Americans can afford the best suite at any luxury hotel, it seems that the hottest commodity among the wealthy is a portfolio of amazing homes in the places they like to visit the most. And when it's not a home, it's the next best thing-a yacht. Sellers of super-expensive properties and yacht brokers have felt the economy's woes, but recession-proof moguls like Rupert Murdoch and Hollywood bigwigs like Steven Spielberg still enjoy the privacy, or see the innate investment opportunity in owning their playgrounds and playthings. Many more of the Richest Americans are still visiting their sprawling ranches and floating on their mega yachts-not to mention buying, selling and upgrading their properties as if they were securities.
Designer extraordinaire Ralph Lauren has no fewer than five residences-each one a classic getaway, like the breezy Round Hill villa in Jamaica and the rugged 15,000-acre Colorado ranch. Donald Trump's Mar-a-Lago estate in Palm Beach has once again become his preferred vacation spot following last year's jaw-dropping $100-million sale of another Palm Beach home.
New York City mayor Michael Bloomberg spends time at his residence in Vail, Colo., where he frequently dines at Vail Mountain's exclusive Game Creek Club-for which members pay an exorbitant $50,000 initiation fee. The Vail chalet complements his home in Tucker's Town, Bermuda; the $10 million Victorian townhouse in London's Cadogan Square; and the sprawling Westchester estate in Armonk, N.Y. When he heads to Bermuda, the billionaire politician, an avid golfer, hits the links along with neighbors and fellow scions-turned-politicos, Ross Perot and Silvio Berlusconi, both of whom also reside in the "millionaire's row" private enclave of Tucker's Town.
''Aside from the obvious-breathtaking views, turquoise water, pink sand beaches-Tucker's Town offers exclusivity,'' says Kelly Petrone, public relations account supervisor for the Bermuda Board of Tourism. ''Access to the primarily residential area is restricted. Residents and invited guests must first pass by a guard house. People who do not live in Tucker's Town are not generally allowed in the eastern part of the town, or onto the Tucker's Town Peninsula which extends along the southeastern edge of Castle Harbor.'' In this case, it's not just convenience that's king, it's confidentiality.
Text and images: Copyright Forbestraveler.com Any unauthorised reproducton is prohibited.
Image: Steve Wynn
Although all the billionaires on Forbes' list of the 400 Richest Americans can afford the best suite at any luxury hotel, it seems that the hottest commodity among the wealthy is a portfolio of amazing homes in the places they like to visit the most. And when it's not a home, it's the next best thing-a yacht. Sellers of super-expensive properties and yacht brokers have felt the economy's woes, but recession-proof moguls like Rupert Murdoch and Hollywood bigwigs like Steven Spielberg still enjoy the privacy, or see the innate investment opportunity in owning their playgrounds and playthings. Many more of the Richest Americans are still visiting their sprawling ranches and floating on their mega yachts-not to mention buying, selling and upgrading their properties as if they were securities.
Designer extraordinaire Ralph Lauren has no fewer than five residences-each one a classic getaway, like the breezy Round Hill villa in Jamaica and the rugged 15,000-acre Colorado ranch. Donald Trump's Mar-a-Lago estate in Palm Beach has once again become his preferred vacation spot following last year's jaw-dropping $100-million sale of another Palm Beach home.
New York City mayor Michael Bloomberg spends time at his residence in Vail, Colo., where he frequently dines at Vail Mountain's exclusive Game Creek Club-for which members pay an exorbitant $50,000 initiation fee. The Vail chalet complements his home in Tucker's Town, Bermuda; the $10 million Victorian townhouse in London's Cadogan Square; and the sprawling Westchester estate in Armonk, N.Y. When he heads to Bermuda, the billionaire politician, an avid golfer, hits the links along with neighbors and fellow scions-turned-politicos, Ross Perot and Silvio Berlusconi, both of whom also reside in the "millionaire's row" private enclave of Tucker's Town.
''Aside from the obvious-breathtaking views, turquoise water, pink sand beaches-Tucker's Town offers exclusivity,'' says Kelly Petrone, public relations account supervisor for the Bermuda Board of Tourism. ''Access to the primarily residential area is restricted. Residents and invited guests must first pass by a guard house. People who do not live in Tucker's Town are not generally allowed in the eastern part of the town, or onto the Tucker's Town Peninsula which extends along the southeastern edge of Castle Harbor.'' In this case, it's not just convenience that's king, it's confidentiality.
Text and images: Copyright Forbestraveler.com Any unauthorised reproducton is prohibited.
Image: Steve Wynn
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