As most people continue to batten down the financial hatches, an elite group of the world’s “stateless super-rich” is blossoming, and transcending geographical boundaries to purchase properties in major cities across the globe.
With no strong ties to specific countries, these individuals lead nomadic, season-driven lives. Their choice of where to live at any one time is based on that location’s climate, their children’s education, tax constraints or which of their friends they want to lunch with on any particular day.
“The more money you have, the more rootless you become because everything is possible,” says Jeremy Davidson, a property consultant who specializes in properties that cost £10 million ($16.2 million) or more in the most sought-after post codes in London.
“I have clients who wake up in the morning and say, ‘Let’s go to Venice for lunch.’ If you’ve got that sort of money the world becomes a very small place. They tend to have a diminished sense of place, of where their roots are,” he says.
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