How the 1% party on New Year’s Eve

When it comes to ringing in the new year, the world's richest know how to party.

877-Carey-634

Mariah Carey has the right idea
(Image credit: Copyright (c) 2017 Shutterstock. No use without permission.)

Quintus has always had a soft spot for those who choose to squander a preposterous amount of money on hedonistic fun. Yes, laying out the yearly budget of a small hospital for a fin de sicle orgy, where the fountains flow champagne and the snuff boxes are heaped with cocaine, might make one an easy target for the tabloids in this age of austerity and puritanism. But if it leaves the participants with some fond memories, while helping to circulate a bit of wealth back through the economy, it's hard to see gargantuan excess as a wholly bad thing.

Start your trial 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.