Literally, money doesn’t matter if you have it. As you make your bed, so you lie. The German vernacular knows that too. In combination, these two proverbs or sayings get a completely different meaning when talking about buying a luxury property or multimillionaires for the super-rich of this world.
Studies have shown that Monaco is the most expensive when buying a property with a square meter price of just under 44,000 euros. But you have exclusive neighborhood: people of high standing are drawn to the princely tax haven on the Cote d´Azur.
Monaco is followed by Cap Ferrat on the French Riviera. Here is one that multimillionaires like to pay up to 40,000 euros. And although London reserves the reputation of having the most expensive property in the world at the moment – with a square meter price of 93,000 euros – you can get a property there for just under 36,000 euros per square meter.
But the super-rich are also drawn to Asia. To date, more people with assets of over 100 million euros are said to be giving in the regions of China, Southeast Asia and Japan than in North America or Western Europe. And if the statistics are to be believed, the trend for an increase in multimillionaires in Asia by the year 2025 is increasing.
The super-rich like to treat themselves to real estate in the Swiss Alps as a second home. The prices ensure exclusivity, especially in Gstaad. On the whole, it can be said that wealthy people are found especially in small states. However, people like Michael Otto, CEO of the mail-order company Otto, were not drawn into the distance. Born in Hamburg, he ranks second among German billionaires, internationally he is 34th.
If you look at families like the ones from the docu-soap “The Geissens – a terribly glamorous family”, then Saint Tropez and Kitzbühel must be given as the whereabouts of the multimillionaires, because this is where the television family resides during the holiday season.