About 1 to 2 percent of the wealthy like to spend their cash on luxury items of any kind. As a statistical majority, most people who get rich in their lifetimes are predominantly frugal.
According to stats, about 1 to 2 percent of the wealthy like to spend their cash on luxury items of any kind. As a statistical majority, most people who get rich in their lifetimes are predominantly frugal.
An extremely small fraction of those who can afford it actually shop for high end brands, and among those who do, the brands are very different than what the mainstream would have you believe.
Established by Thomas Burberry in 1856, the house is famed for its development of innovative Gabardine. The fabric has been used by the British army since 1901. At upwards of $2,000, you will truly be wearing money on your sleeve which is, of course, lined in the house’s signature check lining.
It is not by chance that the Louis Vuitton logo is set in gold, a color associated with luxury and wealth. The richest fashion label leaves its competitors in the dust, its value nearly twice that of its nearest contender. Louis Vuitton, in fact, is one of Forbes’ ten most valuable brands in the world last year, selling clothing, jewelry, luggage, and perfume.
This Italian design house is steeped in the traditions of master leather craftsmen and has been long celebrated for its extravagant goods, including signature intrecciato woven bags. But jewelry, footwear, and ready-to-wear men’s fashion are also easily within reach, though possibly not within budget, at a Bottega Veneta shop.
Ermenegildo Zegna is often referred to as simply “Zegna.” The label likewise produces some of the most coveted men’s apparel that’s characterized by precision tailoring and the highest quality fabrics. The Couture collection is the most exclusive, with individually fitted, bespoke suits coming in at $22,000 — or more.
The hottest trend in fashion maybe what people aren’t wearing. The price range is just as bold with elegant overcoats in the $10,000 range and sport coats just a few thousand less. Eyewear and shoes are also part of the mix
Kiton derives from “chitone,” which is the ceremonial garment worn by ancient Greek aristocracy, a symbol of classicism, quality, and social distinction. While more wearable pieces range in price, a made-to-measure K-50 suit could cost upwards of $60,000
The Swedish retail fashion label is a high-street favorite sold in 53 countries that made billions selling “disposable fashion,” that is, it continuously updates its designs to project a trend-setter look. If you haven’t known yet, the ‘H’ stands for Hennes, Swedish “for her” and the ‘M’ means Mauritz, the name of the brand’s first retailer
The signature sells luxury goods and sporting goods, including majority shares in Gucci, Saint Laurent and Sergio Rossi brands for fashion, and Puma, Cobra Golf, and Volcom for sports. Interestingly, its French founder, Francois Pinault, started the company as far removed from anything fashionable as possible, dabbling in wood trading and electrical materials.
One of the iconic fashion brands, The Gap attempted to rebrand its logo in 2010 only to be cowed by loyal customers to bring the old blue box back. The signature, popular among the younger set, was originally an exclusive retailer for Levi’s until the shop started to sell its own upscale jeans at the expense of Levi’s
Relatively young, Richemont was founded in the eighties selling luxury watches, jewelry, clothing, and leather goods. The Swiss company owns through acquisitions some of the world’s most luxurious fashion brands, such as Baume & Mercier, Jaeger-LeCoultre, IWC, Piaget, and Montblanc