Johann Rupert, the multi-billionaire owner of luxury jewellery company Cartier, speaking at the Financial Times Business of Luxury Summit in Monaco, told his fellow elite that he can’t sleep at the thought of the social upheaval he thinks is imminent.
According to Bloomberg, Johann Rupert told the conference to bear in mind that when the poor rise up, the middle classes won’t want to buy luxury goods for fear of exposing their wealth.
He said he had been reading about changes in labour technology, as well as recent Oxfam figures suggesting the top 1 per cent of the global population now owns more wealth than the other 99 per cent.
Johann Rupert told the conference to bear in mind that when the poor rise up, the middle classes won’t want to buy luxury goods for fear of exposing their wealth.
South African Rupert has amassed a fortune of around $7.5 billion from brands including Cartier, Chloe and Vacheron Constantin.
https://www.independent.co.uk/news/business/cartier-boss-with-75bn-fortune-says-prospect-poor-rising-up-keeps-him-awake-at-night-10307485.html
According to Bloomberg, Johann Rupert told the conference to bear in mind that when the poor rise up, the middle classes won’t want to buy luxury goods for fear of exposing their wealth.
He said he had been reading about changes in labour technology, as well as recent Oxfam figures suggesting the top 1 per cent of the global population now owns more wealth than the other 99 per cent.
Johann Rupert told the conference to bear in mind that when the poor rise up, the middle classes won’t want to buy luxury goods for fear of exposing their wealth.
South African Rupert has amassed a fortune of around $7.5 billion from brands including Cartier, Chloe and Vacheron Constantin.
https://www.independent.co.uk/news/business/cartier-boss-with-75bn-fortune-says-prospect-poor-rising-up-keeps-him-awake-at-night-10307485.html
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