Have you ever imagined how you will spend money if you win the million dollar lottery? Or have you wondered about how the super rich spend their money?
According to the chart provided by Statista, the luxury cars take the biggest part of their expenditure with $438 billion in 2014. It’s not surprising to know that the second is personal luxury items such as jewelry , perfume and clothes, accounting for $278 billion. As the number of billionaires have increased in the world, it seems easy to anticipate the value of the luxury market will continues to increase accordingly. The total spending on upmarket items reached $1 trillion throughout the year.
You will find more statistics at Statista