Word: ultrarich
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...ingested the stuff--a shuttle among elegant hotels, a sushi bar and exclusive offices in the heart of London--would be familiar to any number of affluent Russians who make the city their home. London is 31% foreign born, profiting from successive waves of the ultrarich--American bankers, Arab sheiks, Hong Kong Chinese. Now the Litvinenko case is making some Brits wonder whether the city has turned into Moscow-on-Thames, overly populated by secret agents and those who have struck it lucky at the roulette wheel of the former Soviet Union's rude, oil-soaked brand of capitalism...
...roaring economy swells the ranks of the ultrarich, weddings have become prime occasions for India's élite to show off their fortunes. Even the most skinflint shindigs run to a few hundred guests, several days of feasts and, occasionally, near bankruptcy for the hosts. In early 2004, for instance, the boss of the Sahara conglomerate, Subrata Roy, flew some 10,000 guests aboard 26 planes to Lucknow, in northern India, for a $128 million double-wedding party for his two sons. "People want to make a statement, present an image," says Vikas Gutgutia, head of the wedding-planning company...
...Americans' ice cream palates go gourmet, even traditional formulations are taking on a more sophisticated edge. Neuhaus, the Belgian chocolatier, has brought its superpremium ice cream to the U.S. for the first time, in the form of Snobinettes Glace, which are chocolate shells filled with ultrarich vanilla, coffee or chocolate ice cream. An ice cream and sorbet maker in Dallas called Out of a Flower uses herbs, teas and edible flowers to create its exotic flavors, which include Tequila & Cilantro, Rosemary & Black Peppercorn and Texas Goat Fromage Blanc & Roasted Hazelnuts...
...large part the growth is due to resurgent generosity among the ultrarich, whose pockets have fattened the most during the decade's boom. A survey released last month by U.S. Trust found that the wealthiest 1% of Americans say they gave away an average of 8% of their after-tax income in 1997, up from 5% in 1993. Says Paul Schervish, a philanthropy expert at Boston College: "A sleeping giant is awakening...
...Prince's ultrarich uncles, the eldest sons of Ibn Saud, who rule Saudi Arabia today, have accumulated their wealth mainly by diverting huge sums, directly or indirectly, from the government's extravagant oil revenues. As a Riyadh businessman puts it, Alwaleed's branch of the Saud family tree has always been considered a little smoother and a little straighter than the rest. His father Talal, a former Ambassador to France, was one of the "free princes" who demanded democratization and went into temporary exile during the troubled 1953-64 reign of King Saud. Alwaleed's mother, Princess Mona...