"Quiet luxury was instantly adopted by the players in this space as a way to speak to their success through what they wear. It's designed to go unnoticed, even if they're publicly powerful and influential figures."
Monaco, arguably the world's top safe-haven for the super-rich, where the average wealth exceeds $20 million, is also the top-ranked city in the world on a wealth per capita basis. Over 40 percent of the Mediterranean principality's residents are millionairesâthe highest ratio of any city globally.