Publisher’s Note from Dreams Ultimate Estates Issue 2017 by Steve Tobia
When you reach the pinnacle of extreme global wealth, the world becomes your personal playground. Purchasing a $250 million estate in Bel Air that may be a second, third or even fourth home is your reality. Even for many Americans in the top 1% of wealth, this mentality of consumption is beyond their dreams.
Of course, America has its super-billionaires like Warren Buffett, Bill Gates and other titans of global business enterprises (even our new President!), but so does the world – from the oil rich Middle East; to the old-money affluence of Europe; all the way to the Asian dynasties and new entrepreneurs of China, Hong Kong, Taiwan, Korea, and Japan.
Over the last 30 years, the global economy has connected these major cosmopolitan regions of the world to Los Angeles through trade, technology, transportation and real estate investments; and Los Angeles has transformed from an American entrepreneurial region of East Coast and Midwest dream seekers to global entrepreneurial dreamers.
For the same reasons that established our entertainment industry, aerospace industry, and technology industry, Los Angeles has one of the world’s most unique “pillars” to build and thrive both personally and professionally.
Location. Natural Environment. Education. Freedom. Social & Cultural Abundance.
These pillars have been and will continue to be the mainstay for making dreams a reality.
Los Angeles has an abundance of communities and enclaves that cater to every global billionaire. These options range from the glamourous, world famous Beverly Hills to the secluded sprawling San Gabriel Mountain’s enclave of Bradbury Estates, all the way down through the majestic Pacific Ocean coastal region.
Many Asian entrepreneurs have sought roots in the secluded, smaller cities of San Marino, La Cañada Flintridge or any of the other 32 San Gabriel Valley cities that play host to exceptional public schools. The more than 30 top colleges and universities in and surrounding SGV also exert a constant gravitational pull on those who prioritize education and academia.
The Ultimate Playgrounds for The World’s Wealthy
No matter what your wealth status, we all want time to play – whether it’s shopping, dining, concerts, theatre, the beach, mountains, or gambling fun.
Las Vegas, although not located in Southern California, has become a major playground of the ultra-wealthy for several compelling reasons.
International estate buyers from Asia and the Middle East who live in Los Angeles often enjoy gambling at the top world renown resorts in Vegas. Two, is the proximity to Los Angeles – it’s a quick 45-minute private jet flight or 4-hour drive in the latest exotic auto. Many native Californian’s are establishing residences and second homes in the exclusive community of Summerlin, which is known as the best place to raise a family or retire in the Las Vegas Valley.
The story articulated and illustrated in this issue is a macro view of the ultimate global estates, and the dreams and achievements of those who reside at the pinnacle of the world’s wealth.
Steve Tobia, Publisher Dreams Magazine
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