Rolls-Royce Sales Hit Record As Rich Splurged On Luxury While Everyone Else Crushed By Inflation

2022 was a terrible year for billionaires, many of which lost nearly $2 trillion combined. Despite stock, crypto, and bond market turmoil, as well as soaring interest rates, elevated inflation, and increased risk of economic uncertainty, the ultra-wealthy were increasingly purchasing luxury vehicles. Rolls-Royce Motor Cars published a press release stating it recorded its “highest-ever annual sales” […] Source