sincere to be austere?

This week, it was Monte Carlo. Next week, Montenegro. Nat Rothschild, will be 40 next Tuesday, and intends to make this a weekend to remember. The financier is rumoured to be splashing out £1m on a birthday bash. That is small change for a man whose personal wealth is reckoned to be about a thousand times that amount. His father, Jacob, the fourth Baron Rothschild, is an investment banker, and his mother, Serena, is a racehorse owner who set a world record in 2004 by paying 4.6 million guineas (£4.7m) for the racehorse Magical Romance.

Porto Montenegro's sales and marketing director, Colin Kingsmill, has told journalists that invitations have gone to "the ritziest, wealthiest, and most photogenic people on earth".

It will be a glitzy occasion because Nat Rothschild has a lot of famous names in his contacts book. He was a contemporary of George Osborne at Oxford University, where they were both in the Bullingdon Club together. It was Rothschild who brought Mr Osborne and Peter Mandelson together. When Rothschild threw a party in New York in 2008, the principal guest was Saif al-Gaddafi, son of the Libyan dictator, but no one expects him to join the party in Montenegro. His social and business circles also include the oligarch Roman Abramovich, owner of Chelsea football club, the former head of BP, Tony Hayward, the American art dealer Larry Gagosian, Roland Rudd, co-founder of the Finsbury financial PR group, and many more. Among the mega-rich believed to have been invited there is Oleg Deripaska, Russian owner of the world's largest aluminium firm, Peter Munk, Hungarian born head of the world's largest gold mining corporation, the South African mining tycoon Mick Davis and Ivan Glasenberg, boss of Glencore, one of the world's largest commodity companies.

While we may be nervously checking our bank statements and cutting down our overheads in these days of austerity cuts , there are people in the world inhabited by Nat Rothschild with worries of a different order, such as the shortage of parking spaces for exceptionally large yachts.

http://www.independent.co.uk/news/people/news/superrich-party-people-say-lets-go-to-montenegro-2308101.html