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Multimillion-dollar parties? That's so '80s

Before the over-the-top excess of the new Trumpian era, there were the Reagan years when lavish bashes seemed to be almost a monthly occurrence

A 12-minute fireworks display capped an evening of excess at the 70th birthday bash of billionaire Steve Shwarzman – camels and Gwen Stefani were in attendance, along with numerous ‘power’ guests.

Steve Shwarzman.

SO Steven Schwarzman throws himself a 70th birthday party complete with camels, a gondolier, a 12-minute fireworks display and a performance by Gwen Stefani - with an estimated cost ranging from an improbable US$20 million to a more likely US$7-9 million - and the tsk-tsking can be heard from...

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