What separates the ultrarich from the just-plain-rich? The gigayacht.
Summary
Evan Osnos has released a book called "The Haves and Have-Yachts," made up of essays on extreme wealth in America. The book explores the lives of the ultrarich, including billionaires and their unique lifestyles, like owning gigayachts. Osnos began writing these essays after the 2016 election, highlighting both the disparities in wealth and Americans’ mixed feelings about billionaires.Key Facts
- Evan Osnos' book, "The Haves and Have-Yachts," compiles essays first published in The New Yorker starting in 2017.
- The book examines extreme wealth and the lifestyles of the ultrarich in America.
- The essays were inspired after the election of Donald Trump, with focus on the wealth and influence of the super-rich.
- A gigayacht is a luxury yacht about the length of a football field, costing around $500 million.
- There are now 170 gigayachts worldwide, compared to only ten a generation ago.
- Some billionaires hire pop stars to perform at private events, illustrating their immense wealth.
- Many wealthy individuals prefer to keep their extravagances private to avoid public scrutiny.
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