What the Romans can teach us about riches

It's time today's spendthrifts looked to the ancient Romans for a lesson in modesty.

"The £200m super-mansion," said the headline in the Daily Mail. Marcus Cooper, a property developer, has bought seven houses facing London's Regent's Park and is planning to knock them together to form a single stuccoed "super-mansion". It will mean taking down a few walls in the Grade I-listed Regency houses but what are a few walls if it gets you a pad with 15 bedrooms and a 40ft-long roof garden with a giant sliding glass roof? "With an estimated £200m asking price," says the Daily Mail 1,229 times the average house price of £162,606 "it will be one of the most expensive properties in Britain". Who on earth would want such a house?

But then I had a similar reaction about weddings when I saw pictures of Tamara Ecclestone tying the knot last week. "Was Tamara's £7m wedding a feast of vulgarity?" wondered the Daily Mail, adding: "Wall-to-wall chavs, guests mooning and being sick, £3.5m blown on singers alone" You get the gist (though to be fair to Tamara, her sister's wedding cost even more: £12m).

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up
Latest Videos FromMoneyWeek
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.