Opulent by design
Wednesday, February 24th, 2010Gibraltar, a British territory at the southern tip of Spain, is not the first place you would expect to find an exclusive members club, but thanks to the enclave’s status as an offshore haven and a leading financial centre it has one of the highest concentrations of millionaires in Europe.
Gibraltar is a true product of history. Captured by an Anglo-Dutch force during the 18th century Wars of Spanish Succession, it has been a British crown dependency ever since. In this tiny territory, perched upon a spectacular rocky peninsula half an hour west of Marbella, a cosmopolitan population of traders and financiers thrive. Property is at a premium, luxury cars a common sight and in the marinas large yachts lie alongside visiting frigates and cruise ships. Drawn above all by its banking facilities and offshore status, Gibraltar is also home to a community of international millionaires. (more…)