Wealthy Russians spend 600 million dollars at Moscow Millionaire Fair

Rumour has it that Russian wealthy businessmen purchased a 10-million-dollar island during last year’s Millionaire Fair. The results of this year’s fair have not been summed up yet. However, it is known that Russian millionaires have spent over $600 million on luxury. For example, wealthy Russians bought the most expensive phone and the most expensive car in the world. Unlike its Western analogue (Millionaire Fair takes place in Amsterdam, Kortrijk, Cannes and Shanghai) Moscow brings immense profit to the companies participating in the event. Russian moneybags do not hesitate to spare their fortune on luxury.

The founder of the Millionaire Fair, Yves Gijrath, said that Russians spend their money like Arab sheikhs. “The Russian market is included in the top three of most lucrative markets for luxury-making companies. We wanted the fair to become something like a shopping mall and Disneyland for grown-ups. That is why we had live tigers and horses there, as well we helicopters, cars and 50-carat pink diamonds,” he said.

The visitors were especially interested in the 35-meter yacht which everyone could see and touch. The people also fancied luxurious Guerlain perfume in a jewel-encrusted bottle for $61,000. Helicopters were available from $500,000 to $2 million. Eighty-two models of such expensive choppers have been sold in Russia during the recent two years.

The Millionaire Fair 2006 opened in Moscow on October 27. The idea of the fair is to represent the goods produced by world’s leading luxury-makers under one roof.

BMW (pictures), one of the members of the Moscow Millionaire Fair, presented the new models of its 7th series and Super Car M6. This vehicle was declared the official car of the show. Visitors could also admire legendary Bugatti Veyron, the world’s most expensive car in 2006 according to Forbes magazine. The most expensive cellular phone in the world was also available at the Moscow fair. It was a luxury diamond-encrusted phone by Goldvish, made of 18-carat gold. The price of the phone is $1.200,000.

Based on Russian media news reports

Translated by Dmitry Sudakov

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Author`s name Dmitry Sudakov