The Price of Secrecy: How Stealth Wealth is Reshaping Luxury Real Estate The ultrarich are known for their love of conspicuous consumption, but a new phenomenon is turning this notion on its head.
"Stealth wealth" – buying and selling multimillion dollar mansions off the books – has become increasingly popular among tech moguls and other high net worth individuals in Silicon Valley and beyond.
This trend has significant implications not just for luxury real estate, but also for our understanding of what it means to be wealthy.