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?

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Tue 25 Jan 2011, 18:35 GMT
Issue No. 2236
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