Chapter 12: The residential spaces of the super-rich
The study of the super-rich – especially the billionaire ‘stars’ – is somewhat different from other areas of social scientific enquiry because we are considering rare but often identifiable individuals whose anonymity cannot be guaranteed through generalizations about aggregated large-scale survey or census data. Unlike the vast bulk of humanity, we can name and show pictures of most of the world’s richest people and their homes. The annual Forbes list of billionaires recorded a new peak of 1645 in 2014, up by over 25 per cent since 2011. The 2014 Sunday Times Rich List showed that the wealth of the super-rich in the UK had doubled over five years so that assets of £85 million were needed to be in the top 1000. This is good news for people whose incomes derive from servicing the needs and desires of the super-rich, including the global residential real estate industry, but not so good for the rest of us, as inequalities in income and wealth have increased at all spatial scales and the richest 1 per cent of people are said to own more than the poorest 50 per cent (Oxfam, 2014).
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.