Lifestyles of the Rich and Richer

Here's something that will make NYC real estate braggarts cower in fear in a corner somewhere: in Hong Kong, the average price-per-square-foot as spent by billionaires in June was $10,360. As Mogulite explains in earthly terms: that's $40M for a 4,000-square-foot apartment. Holy moly. [Bloomberg Business Week via Mogulite]