Tag Archives: UHNW

7 Insights About Marketing to the Super Rich

Having spent the first couple days of the week in Cannes, France at The International Luxury Travel Mart (#ILTM) I wish I had a Euro for each time the word experience or experiential was heard. Yes, I too would be … Continue reading

Posted in Marketing, Media, Research | Tagged , , , , , , , | Leave a comment

Do You Sell Products or Services to the Super Rich? So Do We…

Are you involved in selling, servicing or marketing products or services for the Super Rich? Then please join my new group on Linkedin “Selling to the Super Rich” https://www.linkedin.com/groups?home=&gid=8180972&trk=anet_ug_hm   Who are the Super Rich? The go by different terms: … Continue reading

Posted in Auto, Fashion, Home Furnishings/Shelter, Hotels, Investment, Jewelry, Marketing, private jet, Shelter, Spa, Touristm, Watches, Wines/Spirits, Yachts | Tagged , , , | 1 Comment

Over $1 Trillion Sold: Appreciation of Craftsmanship or Unrestrained Consumption?

The global luxury industry sells over $1 trillion of handbags, shoes, cars, vacations, watches, suits, rings, bracelets and earrings a year, according to Bain & Co.   Is it appreciation of craftsmanship or just consumption?   Has the luxury industry … Continue reading

Posted in Fashion, Home Furnishings/Shelter, Hotels, Jewelry, Marketing, Media | Tagged , , , , , | Leave a comment

What Does Concentration of Wealth Mean To Luxury Marketers?

  If anyone has a question that wealth is concentrated at the top, the 2014 Capgemini RBC Wealth Management World Wealth Report gives a nice breakout for marketers who are looking for deep pocked consumers. It re-enforces that even among … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

Danziger: Mass Affluent Want Austerity, Simplicity, Financial Security

Pam Danziger is the author of “Putting the Luxe Back in Luxury.” I first came to know of her a couple years after we launched Elite Traveler, probably around 2003, when a Chanel executive recommended I check out her research. … Continue reading

Posted in Fashion, Jewelry, Marketing, Media, Research | Tagged , , , , , , | Leave a comment

How Do You Tap Into The Next Generation of Super Rich Collectors?

The next generation of the Super Rich are growing up.  Scions of the fortune makers of the past 30 years are coming into their own.  Recently I was able to contribute to Taking the Reins: Insights into the World of … Continue reading

Posted in Auto, Jewelry, Marketing, Media, Research, Watches, Wines/Spirits | Tagged , , , , , , , | Leave a comment

The Long Tail of UHNWs

Conventional wisdom says global capitals are the hang out for the Ultra High Net Worth (Net Worth of $30 million +) and their families. And certainly, these are places many of them travel with some frequency. I’ve recently been speaking … Continue reading

Posted in Marketing, Media, Research | Tagged , , , , , , , , , , | 1 Comment

Lewis Katz: A Reminder Many UHNWs Came From Humble Beginnings

Lewis Katz was 72 when he died in a private jet crash last week. At the time of his death he was estimated to be worth about $400 million. While he came into the spotlight via his ownership of pro … Continue reading

Posted in Watches, Yachts | Tagged , , , , , , , , , , , | 1 Comment

Unity Marketing: “Moody” Aspirational Consumers Turn to “Discount Department Stores”

  While the latest Ultra High Net Worth survey, The Times of London Rich List showed the Super Rich getting richer (their wealth increased 15% in a year), Unity Marketing, a researcher focused on aspirational/mass affluent consumers (Household Income $100,000 … Continue reading

Posted in Marketing, Media, Research | Tagged , , , , , , , , | Leave a comment

UHNWs Shell Out Big Money For Private Concerts

The Super Rich seem to have no problem spending into the millions for 60 minutes of enjoyment when marketers create awareness and desire.  Look at your favorite rock star.   Greg Furman, the former CMO of Bergdorf Goodman who founded … Continue reading

Posted in Auto, Fashion, Home Furnishings/Shelter, Hotels, Jewelry, Marketing, Media, Shelter, Touristm, Watches | Tagged , , , , , , , , , , , , , , , , | 1 Comment

Roman Holiday: Meet A Private Jet Flight Attendant For Pets

  American Express estimates Americans spend about $1,145 per human for the typical affluent family vacation. But what about pets? A cornerstone of this blog is the belief many companies are “under-marketing’ to The 1 Percent. At the top of … Continue reading

Posted in Media, Research, Touristm | Tagged , , , , , , , | 2 Comments

What Can Luxury Marketers Learn From Politicians?

  The Super Rich seem to have opened their bank accounts in a big way for politicians.  New research shows politicians have been particularly successful in increasing their share of wallet from The Top 0.1 Percent. In a study released last week … Continue reading

Posted in Marketing, Media, Research | Tagged , , , , , , , , , | Leave a comment

For Aspirational Consumers, Saving Is The New Black

  Luxury marketers that have so successfully tapped U.S. aspirational consumers to grow sales over the past 20 years may have to re-think what the future holds with this segment. They may also want to re-think where they are focusing … Continue reading

Posted in Marketing, Media, Research | Tagged , , , , , , , , , , | Leave a comment

A Tale Of Two Lifestyles: The $250,000 Household vs. The Superyacht Life

A few days ago Roxanne Genier contributed a column based on her tenure working aboard superyachts, and she gave several examples of spending she observed. The Washington Post similarly did a study of families living in affluent suburbs of New … Continue reading

Posted in Auto, Fashion, Jewelry, Marketing, Media | Tagged , , , , , , , , , , , , , | Leave a comment

Up Close With The Super Rich: Tales From Life Aboard A Superyacht

The best place to study wild animals, the saying goes, is in the jungle, not the zoo. At the same time researching truly Ultra High Net Worths (UHNWs) is very difficult. Roxanne Génier spent time in the jungle of the … Continue reading

Posted in Jewelry, Research, Yachts | Tagged , , , , , , | 6 Comments

What Do Billionaires Want?

Ledbury Research on behalf of Airbus Corporate Jets (ACJ) recently published a Billionaires Study in which they dredged through any information they could find on 250 of these 10 digit wonders from China, Middle East and Russia in an effort … Continue reading

Posted in Fashion, Home Furnishings/Shelter, Hotels, Jewelry, Marketing, Media, Research, Watches, Yachts | Tagged , , , , , , , , , , , , , | 5 Comments

Private Jets Are Flying High

General Aviation, the umbrella industry that covers private jet use contributes $150 billion a year and 1.2 million jobs for the U.S. economy and is one of the few industries that contributes to the economies of all 50 states. The … Continue reading

Posted in Marketing, Media, Research | Tagged , , , , , , , | Leave a comment

“Lies, Damned Lies and Statistics”

When I ran the numbers for The Top 0.1 Percent Spent $214 Billion on Lifestyle and Luxury in 2013 in leisure hotel and resort stays from our previous research it showed that these Ultra High Net Worth consumers spend over $12 billion annually … Continue reading

Posted in Hotels, Marketing, Research | Tagged , , , , , , , , , , , , | Leave a comment

How Should Luxury Marketers Look at the Wealth Gap?

  According to a Bloomberg BusinessWeek analysis of data compiled by Emmanuel Saez and Gabriel Zucman the break out of Net Worth and Household Income goes something like this:   The Top 1 Percent: –       11,700 households with an Average … Continue reading

Posted in Marketing, Media, Research, Uncategorized | Tagged , , , , , , , , | Leave a comment

The Top 0.1 Percent Spent $214 Billion on Lifestyle and Luxury in 2013

  Looking at research on luxury and lifestyle spending by Ultra High Net Worth families and layering it against recently released research on how much the Top 0.1 percent make, I estimate these 117,000 households contributed $214 billion to the … Continue reading

Posted in Auto, Cruises, Fashion, Home Furnishings/Shelter, Hotels, Jewelry, Marketing, Research, Shelter, Spa, Watches, Wines/Spirits, Yachts | Tagged , , , , , , , , , , , , , , , , | 7 Comments