MOSCOW - Question: What makes Russian millionaires different from the super rich elsewhere? Answer: They spend more.
The founder of Millionaire Fair, Yves Gijrath, is hoping to tap into that cashflow at the exhibition in Moscow.
Businesses have lugged their pedigree stallions, vintage cars and designer furniture to an exhibition
hall for the four-day show.
Politicians, businessmen and a show business elite roll up in chauffeured cars to show off their mink and diamonds and to splash out on luxuries.
This is the second time Moscow has hosted the fair, which was first held in Amsterdam in 2002 and is now also staged in Cannes, Kortrijk in Belgium, Shanghai and Dubai. Almost a fifth of Russians live below the poverty line but the country also has 44 billionaire oligarchs - more than London and second only to New York.
- REUTERS
