Page 40 - Forbes - USA (October 2019)

Luxury 4000
3000
THE HIGH COST FORBES 400 TOTAL 2000
NET WORTH
1000
OF LIVING WELL CLEWI

36 500

It’s pricey out there—particularly if you’re looking to replace the
R grand piano in your jet. Our Cost of Living Extremely Well Index
E CPI
N (CLEWI) climbed 3.4% this past year, more than a point above its 2018
N increase. It rose nearly twice as much as the Consumer Price Index, 100
U 1982 1990 2000 2010 2019
R which was up 1.7%. Since we started tracking this basket of luxe goods
T
N and services in 1982, though, it has gone up every year, by an average of HOUSEHOLD +2.8% SERVICES +6.0%
O 5%. Historically speaking, then, this year’s increase doesn’t look so bad
R Flowers in Season:
F School: Year’s tuition,
after all—and the average net worth of Forbes 400 members has shot Arrangements for six rooms room and board at Groton
up 3,112% since the early Reagan years. They can afford the Steinway. per month, changed weekly (Massachusetts)
(New York) $57,400 / 1.5%
$8,420 / 3%
University: Year’s tuition,
FOOD AND DRINK +0.9% Sheets: Queen-size room and board, plus
cotton sateen Ultimate insurance, at Harvard
Catered Dinner: (Italy) (Massachusetts)
40-person meal from $2,950 / 5.4% $73,307 / 3.3%
Ridgewells (Maryland) Sterling Silver Facelift: Experienced
$7,907.04 / 0% surgeon (New York)
Flatware: Five-piece dinner
Caviar: Kilo of Petrossian set for 12 (Massachusetts) $18,500 / 0%
Special Reserve Ossetra $12,960 / 0% Concierge: Executive
(California, New York) Sauna: 8-by-10-by-7 feet in concierge service, one year
$12,500 / 0% Nordic spruce (Minnesota) (New York)
Champagne: $18,850 / 2.8% $25,000 / 0%
Case of 750ml Dom Pérignon Swimming Pool: Olympic- Psychiatrist:
ENTERTAINMENT FASHION +1.1% 2004 (New York) size (California) 45 minutes at Upper East
AND TOYS +5.2% Coat: Russian sable, $2,999.40 / N.A. $2.1 MIL / 5.3% Side shrink (New York)
$400 / 0%
Bloomingdale’s (New York) Chateaubriand: Tennis Court: Har-Tru
Opera: Two tickets, six 7 pounds of crushed stone (Connecticut) Lawyer: Hourly fee
evening performances, $225,000 / 0% tenderloin (New York) $55,000 / 0% for estate planning, from
Center Parterre premium Black Jersey Dress: With $629.86 / 8.4% a Schlesinger, Lazetera &
seats, Metropolitan Opera, web trim, Gucci (Italy) Dinner: La Tour d’Argent Auchincloss partner
New York $1,980 / 4.2% tasting menu, per person, (New York)
$5,940 / 3.13% excluding wine and tip $1,250 / 25.6%
Loafers: Horsebit leather,
Piano: Ebonized Gucci (Italy) $690 / 0% (Paris) Spa: Coed weekly rate,
Model D concert-grand $418 / –5.2% the Golden Door (Cali fornia)
Steinway (New York) Shirts: 12 cotton bespoke, $9,850 / 11.3%
$176,300 / 3% Turnbull & Asser (U.K.)
$8,340 / 0%
Motor Yacht: Viking
Yacht 75 (New Jersey) Shoes: Men’s black-calf TRAVEL +2.2%
$6 MIL / 1.4% wingtips, custom-made,
John Lobb (U.K.) Hotel: Four Seasons
Sailing Yacht: $5,572 / 0.1% one-bedroom suite,
Oyster 595 (U.K.) off-peak (New York)
$2.6 MIL / 3% Perfume: 1000 by Jean $4,850 / 4.3%
Patou, 0.5 oz. (France)
Sporting Shotguns: Pair of $350 / 0% Airplane: Learjet 75 Liberty,
12-gauge side-by-side from Bombardier (Canada)
James Purdey & Sons (NJ) Watch: Royal Oak $9.9 MIL / N.A.
by Audemars Piguet
$310,190 / –2.6% (Switzerland) Helicopter: Deluxe
Thoroughbred: Average $17,800 / N.A. Executive VIP Sikorsky S-76D
yearling, Keeneland Handbag: Hermès (Connecticut)
September sale (Kentucky) Clemence Jypsière, $17.6 MIL / 2.6%
$471,950 / 29.7% bull-calf leather Car: 2018 Rolls-Royce
Train Set: Thomas & Friends (France) Phantom (NJ)
Lionel Christmas set with $8,800 / 3.5% $642,325 / N.A.
Bluetooth (North Carolina)
Travel Bag: Louis Vuitton
$200 / N.A. Keepall Bandoulière 55
Cigars: 25 Davidoff (France)
Dominican Aniversario $1,840 / –0.3%
Double “R” (New York)
$850 / 3.7%
BY ANDREA MURPHY
Magazine: Forbes,
one-year subscription
(New York)
$79.90 / N.A.

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