Cities And The Super Rich

With the rise of wealth inequalities, our cities are changing dramatically. This collection critically engages with and advances existing debates on the super-rich and their roles in these transformations. An interdisciplinary range of contributions from international experts including sociologists, geographers, historians, discourse analysts, and urban studies specialists reveal crucial aspects of the real estate investment practices of the super-rich, their social spaces in the city as well as the distinct influence of the super-rich on the transformation of four key cities: London, Tokyo, Singapore and Hong Kong. By drawing together diverse disciplines, perspectives, and experiences across different geographical contexts, this book offers a fresh, comparative, and nuanced take on the super-rich and the 1% city, as well as a solid, empirically and theoretically grounded basis to think about future research questions and policy implications.

How London was bought and sold by the Super-Rich, and what it means for the rest of us Who owns London? Today, the city is the epicentre of the world’s financial markets, an elite cultural hub, and a place to hide one’s wealth. In Alpha City, Rowland Atkinson tells the story of eager developers, sovereign wealth, and grasping politicians, all of which paved the way for the plutocratic colonisation of the cityscape. Atkinson moves through the gated communities and the mega-houses of the urban elite, charting how the rich live and their influence on the disturbing rise in evictions and displacements from the city. The book, fully updated, also looks at the capital’s prospects in the aftermath of Brexit and the pandemic, showing how the super-rich may capitalise on the crisis, increasing inequality and hardship.

Fewer than 100 people own and control more wealth than 50 per cent of the world’s population. The Handbook on Wealth and the Super-Rich is a landmark multidisciplinary evaluation of both the lives and lifestyles of the super-rich, as well as the processes that underpin super-wealth generation and its unequal distribution. Drawing on international case studies, leading experts from across the social sciences offer 22 accessible and coherently organized chapters, which critically analyse a range of topics including: • the legitimacy of extreme wealth from a moral economic perspective • biographies of illicit super-wealth • London’s housing markets • how the very wealthy fly • the environmental consequences of super-rich lives • crafting immigration policies to attract the rich. Students and scholars studying a host of topics such as development studies, economics, geography, history, political science and sociology will find this book eminently engaging. It will also be of great interest to public commentators, charitable organizations and NGOs concerned with wealth and income distributions.

Forget the 1% - it's time to get to grips with the 0.1% ... There has always been some gap between rich and poor, but it has never been wider - and now the rich are getting wealthier at such breakneck speed that the middle classes are being squeezed out. While the wealthiest 10% of Americans, for example, receive half the nation's income, the real money flows even higher up, in the top 0.1%. As a transglobal class of highly successful professionals, these self-made oligarchs often have more in common with one another than with their own countrymen. But how is this happening, and who are the people making it happen? Chrystia Freeland, acclaimed business journalist and Global Editor-at-Large of Reuters, has unprecedented access to the richest and most successful people on the planet, from Davos to Dubai, and dissects their lives with intelligence, empathy and objectivity. Pacily written and powerfully researched, Plutocrats could not provide a more timely insight into the current state of Capitalism and its most wealthy players. 'A superb piece of reportage ... a tremendous illumination' (New Statesman on Freeland's previous title, Sale of the Century)

Globalization, it seems, has propelled the world's uber-wealthy to new heights of power and money, with tremendous repercussions for the other 99.9 percent of us. At a time when neoliberalism has propelled the world into a new Gilded Age, with rising inequality everywhere, an aggressive class war being waged by the wealthy, and billionaires inserting themselves bluntly into the political arena, understanding the behavior and spatiality of the super-rich has acquired a pressing urgency. This volume offers a richly textured suite of essays concerning how the super-rich have restructured local places, transforming landscapes as varied as London and Kentucky, Ireland and St. Barts, as well as domains as varied as art, thoroughbred horses, and housing.' - Barney Warf, University of Kansas, US 'The world's super-rich, made up of just 11 million people, have access to about US$42.0 trillion of wealth. These are people who each have a spare million of 'liquid' wealth. Their wealth is roughly equal to two thirds of global GDP. They own most of everything. As the editor of this books states '. . . library shelves and the pages of journals remain largely devoid of geographical work on the super-rich a startling lacuna this volume sets out to fill'. The super-rich now own most of the planet. During the last year their share fell slightly. Times may be changing. Now is the time to begin to study the super-rich in detail, especially if you are worried about where all the wealth has gone.' - Danny Dorling, University of Sheffield, UK This timely and path-breaking book brings together a group of distinguished and emerging international scholars to critically consider the geographical implications of the world's super-rich, a privileged yet remarkably overlooked group. Emerging from this unique collection is an enlightening picture of the influence of the super-rich over a diverse range of affairs, extending from the shape of urban and rural landscapes to the future of art history. By concentrating on those at the apex of the economic pyramid, this book provides valuable insights to the institutions, practices and cultural values of our society, as well as allowing us a more comprehensive view of the consequences of global capitalism. Presenting case studies from across the globe from Singapore to St Barts, London to Lexington - the spatial and cultural span of the book is wide-ranging and diverse. This truly unique book will prove a fascinating read for academics, researchers and students in the fields of geography, regional and urban studies, sociology, political science and development studies. Contributors J.V. Beaverstock, S. Chauvin, B. Cousin, M. Fasche, S.J.E. Hall, I. Hay, P. McGuirk, P. McManus, L. Murphy, C. Paris, C.-P. Pow, S.M. Roberts, R.H. Schein, J.R. Short, T. Wainwright, K. Wilkins, M. Woods

The glittering lives of billionaires may seem like a harmless source of entertainment. But such concentrated economic power reverberates throughout society, threatening the quality of life and the very functioning of democracy. It's no accident that the United States claims the most billionaires—but suffers among the highest rates of infant mortality and crime, the shortest life expectancy, as well as the lowest rates of social mobility and electoral political participation in the developed world. Our society tends to regard large fortunes as evidence of great talent or accomplishment. Yet the vast new wealth isn't due to an increase in talent or effort at the top, but rather to changing social attitudes legitimizing greed and government policy changes that favour the new elite. Authoritative and eye-opening, The Trouble with Billionaires will spark debate about the kind of society we want.

"In the cozy den of the large but modest house in Omaha where he has lived since he started on his first billion, Warren Buffett watched the horrors of Hurricane Katrina unfold on television in early September 2005. . . . On the fourth day, he beheld in disbelief the paralysis of local, state, and federal authorities unable to commence basic operations of rescue and sustenance, not just in New Orleans, but in towns and villages all along the Gulf Coast. . . He knew exactly what he had to do. . ." So begins the vivid fictional account by political activist and bestselling author Ralph Nader that answers the question, "What if?" What if a cadre of superrich individuals tried to become a driving force in America to organize and institutionalize the interests of the citizens of this troubled nation? What if some of America's most powerful individuals decided it was time to fix our government and return the power to the people? What if they focused their power on unionizing Wal-Mart? What if a national political party were formed with the sole purpose of advancing clean elections? What if these seventeen superrich individuals decided to galvanize a movement for alternative forms of energy that will effectively clean up the environment? What if together they took on corporate goliaths and Congress to provide the necessities of life and advance the solutions so long left on the shelf by an avaricious oligarchy? What could happen? This extraordinary story, written by the author who knows the most about citizen action, returns us to the literature of American social movements—to Edward Bellamy, to Upton Sinclair, to John Steinbeck, to Stephen Crane—reminding us in the process that changing the body politic of America starts with imagination.

ÔGlobalization, it seems, has propelled the worldÕs uber-wealthy to new heights of power and money, with tremendous repercussions for the other 99.9 percent of us. At a time when neoliberalism has propelled the world into a new Gilded Age, with rising inequality everywhere, an aggressive class war being waged by the wealthy, and billionaires inserting themselves bluntly into the political arena, understanding the behavior and spatiality of the super-rich has acquired a pressing urgency. This volume offers a richly textured suite of essays concerning how the super-rich have restructured local places, transforming landscapes as varied as London and Kentucky, Ireland and St. Barts, as well as domains as varied as art, thoroughbred horses, and housing.Õ Ð Barney Warf, University of Kansas, US ÔThe worldÕs super-rich, made up of just 11 million people, have access to about US$42.0 trillion of wealth. These are people who each have a spare million of ÒliquidÓ wealth. Their wealth is roughly equal to two thirds of global GDP. They own most of everything. As the editor of this books states Ò. . . library shelves and the pages of journals remain largely devoid of geographical work on the super-rich Ð a startling lacuna this volume sets out to fillÓ. The super-rich now own most of the planet. During the last year their share fell slightly. Times may be changing. Now is the time to begin to study the superÐrich in detail, especially if you are worried about where all the wealth has gone.Õ Ð Danny Dorling, University of Sheffield, UK This timely and path-breaking book brings together a group of distinguished and emerging international scholars to critically consider the geographical implications of the worldÕs super-rich, a privileged yet remarkably overlooked group. Emerging from this unique collection is an enlightening picture of the influence of the super-rich over a diverse range of affairs, extending from the shape of urban and rural landscapes to the future of art history. By concentrating on those at the apex of the economic pyramid, this book provides valuable insights to the institutions, practices and cultural values of our society, as well as allowing us a more comprehensive view of the consequences of global capitalism. Presenting case studies from across the globe Ð from Singapore to St Barts, London to Lexington Ð the spatial and cultural span of the book is wide-ranging and diverse. This truly unique book will prove a fascinating read for academics, researchers and students in the fields of geography, regional and urban studies, sociology, political science and development studies.