Moscow Millionaire Fair Explained

The Moscow Millionaire Fair held in Moscow, Russia is an annual fair for Russian millionaires, a leading trade exhibition of luxury class goods and services.[1] The Millionaire Fair was organized in 2005 by Gijrath Media Group B. V., the publishing house which issues magazines for the rich and famous such as Millionaire and Jackie.[2] [3]

The Exhibition in Moscow is organized in co-operation with publishing house Independent Media Sanoma Magazines (newspapers Vedomosti, The Moscow Times, Na rublevke, magazines Harper’s Bazaar, Robb Report, Esquire, Cosmopolitan, FHM and many others). The Millionaire Fair was founded in Amsterdam as an event for advertisers and readers of the Miljonair magazine. In September 2005 Independent Media Sanoma Magazines and GMG Events B. V. organized this event for the first time in Russia.[2]

The Fair is open for everyone. The event is usually strict-dress coded and being a millionaire gets you free invitation.[4] Tickets can be purchased by non-millionaires prior to the event. The attractions in 2006 included a $1 million phone encrusted in diamonds, the choice to buy a house on an island, or the island itself and $64,000 perfumes. Millionaire Fair Moscow 2007 opened on 22 November 2007 at Crocus Expo.[5] Due to various sanctions imposed by US and western countries[6] and deflating oil prices after 2012,[7] Russia is perceived to be losing some attraction as growth market.[8]

The fair seems to have been on hiatus from 2019.

External links

Notes and References

  1. Web site: 2006-11-03 . Millionaire Fair parades Russia's super wealth . 2023-11-10 . NBC News . en.
  2. News: Blomfield . Adrian . Record numbers attend Russia's Millionaire's Fair, but who's buying? . The Telegraph (UK) . . 30 November 2008 . 23 January 2017.
  3. Web site: Moscow Millionaire Fair . Hall . Andy . Observer Magazine and Andy Hall Photographer . Andy Hall . 23 January 2017 . Every year, Russias fur-wrapped super-rich come together to flaunt their wealth....
  4. News: Harding . Luke . 2008-11-29 . Down to their last hundred million but Russia's elite still enjoy fun of the fair . en-GB . The Guardian . 2023-11-10 . 0261-3077.
  5. Web site: The Moscow Millionaire Fair 2007 . 22 November 2007 . Getty Images . 18 November 2017 . A visitor attends the Millionaire Fair 2007 at Crocus Expo November 22, 2007 in Moscow, Russia..
  6. Web site: 2022-02-25 . Sanctions Programs and Country Information Office of Foreign Assets Control . 2023-11-10 . ofac.treasury.gov . en.
  7. Web site: OPEC crude oil price statistics annually 1960-2023 . 2023-11-10 . Statista . en.
  8. Web site: Rodgers . James . Why Moscow Stopped Being The World's Most Expensive City . 2023-11-10 . Forbes . en.