The Ultra-Rich Are Building a Separate World Here on Earth
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 10 October 2024
⏱️ 49 minutes
🧾️ Download transcript
Summary
In recent years, we've seen the emergence of cities whose main industry is that they're a great place to live if you're rich. Dubai would be the ultimate example of this dynamic. But it's not just Dubai. Lots of cities, all around the world, exist to cater to the wealthy, with a set of laws and taxation schemes that act like a magnet for global wealth. So how do these cities work? How big are they? And what exactly do they offer the global rich? On this episode of the podcast, we speak with Atossa Araxia Abrahamian, author of The Hidden Globe: How Wealth Hacks The World. She talks about these booming types of cities, how they emerged, and where they are going.
Read more: Miami Wealth Boom Fuels $13 Billion Firm Serving the Ultra Rich
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Transcript
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| 0:00.0 | As a real estate manager, principal asset management harnesses the power of a 360 degree perspective, |
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| 0:25.9 | Principal Asset Management SM is a trade name of Principal Global Investors |
| 0:30.3 | LLC. Listen carefully. Can you hear the rhythm in the markets? |
| 0:40.3 | Not just in the syncopations triggered by inflation, |
| 0:43.7 | but in the preludes leading to global elections, |
| 0:47.2 | in the dissonance that moves the Nikk, |
| 0:50.1 | and the rising course conducted by AI. |
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| 0:58.0 | we'll show you how. |
| 1:00.0 | Learn more at Bloomberg.com. Bloomberg Audio Studios. |
| 1:07.0 | Podcasts, radio news. Hello and welcome to another episode of the Odd Lots podcast I'm Joe Wiesenthal and I'm |
| 1:27.1 | Tracy Allaway. |
| 1:28.1 | Tracy did you see that story a few weeks ago about Andreessen Horwitz, the big VC firm, closing its Miami office. |
| 1:36.3 | Oh, I did. Partially because you tweeted about it. |
| 1:39.1 | See, my tweeting serves a purpose. It allows us to coordinate and be on the same page on |
| 1:46.4 | topics. |
| 1:47.4 | It gives us shared content, sure. |
| 1:49.4 | That's right. But I found that story to be really fascinating because in 2020 or I think yeah around |
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