Socialist Worker

The super rich and their obscene London pads

Issue No. 2236

The global super-rich gathered in London last week to celebrate the opening of One Hyde Park in Knightsbridge.

It’s the most expensive residential building in the world. Penthouses there sell for £135 million.

Fifteen types of marble and whole forests of oak have been used to build it. There is a 21-metre swimming pool, saunas, a gym, a golf simulator, a wine cellar, a private cinema, a concierge, a valet service and room service from the Mandarin Oriental restaurant.

The rich aren’t put off by the price—there’s already been a 60 percent take up.

By comparison, the average annual salary of a British worker, £26,000, would only pay for the space taken up by a Gaggenau coffee maker.

The wealthy may be aware of the fury such extravagance will create—the flats boast bullet-proof windows, iris-recognition entry systems and panic rooms.

Students—is this a new target?


If you enjoy Socialist Worker, please consider giving to our annual appeal to make sure we can maintain and develop our online and print versions of Socialist Worker. Go here for details and to donate.

Article information

News
Tue 25 Jan 2011, 18:35 GMT
Issue No. 2236
Share this article


Tags



Mobile users! Don't forget to add Socialist Worker to your home screen.