"A century ago, the wealthiest people in America often lived in ornate residences reminiscent of European royal palaces. Today, some of the richest citizens are more discreet about their wealth, opting for low-key mountain homes, secure bunkers, or even prefabricated houses. Others, meanwhile, have spent big on tropical getaways and luxurious beachfront estates. While lavish mansions are still built by wealthy Americans, today's real estate trends and status symbols differ from those of 120 years ago."
"Gilded Age tycoons built ornate mansions on New York's Fifth Avenue and in Newport, Rhode Island. Some of today's wealthiest people have opted for more discreet or modest homes. Today's billionaires live in diverse locations across the US, like the Bay Area, Miami, and Seattle. See how America's wealthiest have changed their residences as they've moved from Fifth Avenue to Silicon Valley."
A century ago, the wealthiest Americans lived in ornate residences modeled on European royal palaces, especially along New York's Fifth Avenue and in Newport, Rhode Island. Today, many wealthy individuals choose more discreet or modest homes such as low-key mountain retreats, purpose-built bunkers, or prefabricated houses. Other wealthy buyers invest heavily in tropical getaways and luxurious beachfront estates. Lavish mansions continue to be built, but modern real estate trends and status symbols differ markedly from those of 120 years ago. The geographic centers of wealth have shifted toward Silicon Valley, the Bay Area, Miami, and Seattle, reflecting changing industries and personal preferences.
Read at Business Insider
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