By Robert Frank
Agence France Presse/Getty Images
Force India owner Vijay Mallya’s yacht “Indian Empress” docks in Valencia, Spain, in 2008.
With all the attention paid to outrageous purchases of the new Chinese rich–$1.5 million mastiffs, $2o,000 bottles of DRC–it is no wonder that conspicuous consumers in India might feel left behind.
Fear not, pluto-Indians. A new study of the world’s millionaires shows that India leads the world in planned spending on yachts and private jets.
A report from Citi Private Bank and Knight Frank shows that 64% of Indian millionaires who responded to the survey plan to increase their water-and-wings spending “significantly” in the next five years.
In second place was Africa, where half of respondents said they planned significant increases. Latin America ranked third, with 20%, followed by North America (18%), East Asia (17%), the Middle East (10%) and European wings and water.
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Fuente: India Real Time