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November 03, 2006

Millionaire Fair

posted by MR WAVETHEORY at 11/03/2006 03:16:00 AM
GoldVish 18 carat Gold Phone with Diamonds

Looking for the ideal holiday gift for a Russian oligarch? Look no further than this week's Millionaire Fair in Moscow, where the discerning shopper can pick up a $1.3 million diamond-encrusted cell phone, a $500,000 racehorse, or for the thrifty, a $70,000 mini airplane, the Associated Press reports. The second annual exhibit in Moscow featured some 200 firms offering luxury goods and services such as yachts, sports cars and entire islands to some 40,000 visitors. Sales were estimated at $635 million, organizers said.
Some very stylish attendees
Russia has been raking in oil dollars lately, and the country now has an estimated 33 billionaires and up to 90,000 millionaires. More millionaires walk the streets in Moscow than in New York. But the gap between the rich and poor remains eye-popping. A 15-fold difference in incomes separates the super-rich from the poor in Russia, Chris Weafer, chief strategist with Alfa Bank in Moscow, told the AP. For the full experience, you have to check out the offical site of Millionaire Fair Moscow and watch the video. Conspicuous consumption has really reached a whole new level!

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