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Going Places; The rich used to flaunt their roots. Now they prefer wings--and not just the ones on their private jets.(Cover story)

Newsweek International

| May 15, 2006 | Foroohar, Rana | COPYRIGHT 2006 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Rana Foroohar (With Alex McRae in London and Mac Margolis in Rio)

Once upon a time, being rich meant being rooted. A wealthy family would build a grand home in the city, have a second one for weekends in the country, then stock them with expensive art, fabrics, jewels and, of course, a staff. They would belong to the best local clubs, frequent restaurants, and support the local symphony and museum. If they were trying to signal something, it was that they had been in this place for centuries. Fast-forward to 2006. The rich are on the move. They still live well, of course, but they do so in many places, across the globe. They go from their house in Hong ...

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