About 33% of millionaires from Russia and the Commonwealth of Independent States (CIS) invest in luxury items, the report by Knight Frank consulting company says.
“On average, in 2016, the share of luxury goods in the investment portfolio of millionaires in the world accounted for 6%, and that of millionaires from Russia and the CIS countries accounted for 5%. On average 37% of rich people worldwide invest in luxury items. 80% of millionaires keep on collecting items of luxury out of pleasure, 70% see the potential of price growth, 70% consider luxury goods as an opportunity to emphasize their high status”, the message reads.
