Serious Money

More about the book

London is a plutocrat's paradise, boasting more billionaires than New York, Hong Kong, or Moscow. Their wealth, rather than benefiting the broader community, is damaging the environment and reshaping the city. To uncover the realities of this secretive elite, sociologist Caroline Knowles explores various neighborhoods, from the City to suburban Surrey, including Kensington, Notting Hill, and Mayfair. Her observations reveal how the wealthy mold the capital to reflect their desires, resulting in gated communities and opulent developments. Venturing behind closed doors, Knowles exposes the darker aspects of this plutocratic city, showcasing multimillion-pound mansions, upscale hotels, and exclusive gentlemen's clubs. Along the way, readers encounter a diverse and entertaining array of characters, including bankers, aristocrats, tech moguls, Conservative party donors, and their support staff like butlers and bodyguards. The narrative is both shocking and enlightening, challenging the notion that wealth is inherently desirable. It highlights the isolation and paranoia that often accompany extreme affluence, suggesting that a life of luxury can be hollow. Ultimately, it serves as a reminder that the city is shaped by all its inhabitants, not just the super-rich, and that change is possible. Serious money benefits no one—rich or poor.