Italy

Forget a fancy resort, but Asia’s richest man, Mukesh Ambani, booked the entire town of Portofino for his son Anant’s second pre-wedding celebration. Around 1,000 of his guests and the residents of the scenic Italian locale swayed to the voice of opera singer Andrea Bocelli.

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While some millionaires opt for five-star resorts and others fly their family and friends to picturesque locales for destination weddings, centibillionaire Mukesh Ambani of…

While Italy enthusiastically seized seven luxury superyachts from wealthy Russian oligarchs, its taxpayers were stuck paying the $35 million bills to maintain the floating palaces. Each vessel uses more than $11,000 of electricity for air-conditioning so mold does not spread through the boat.

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World’s second largest sailing yacht A, Lady M, the Scheherazade, Lena Yacht, along with three more superyachts have all been moored in Italy owing…