Riding on the appetites of the wealthy by investing in luxury carries risks
Tastes change, operating environments are tricky, competition may intensify and rich folk may be political targets
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RICH people are getting richer. Think of rising asset prices – be it equities, real estate or gold – driving increases in the net worth of the wealthy. Meanwhile, across many fields, top talent enjoy burgeoning pay packages.
While many middle-class Americans struggle financially, some US chief executives are raking in astronomical sums. Many leading entertainment and sports personalities are being paid handsomely too.
With the growing use of artificial intelligence (AI), financial rewards might skew even further towards a select few who are at the apex of their fields.
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