Titans of the financial and political establishment gathered in Montenegro on July 7 for a three-day fiesta to celebrate Nat Rothschild’s 40th birthday. Three hundred close friends including the British former politician Lord Mandelson, Canadian gold mining chief Peter Munk, aluminium oligarch Oleg Deripaska and former BP CEO Tony Hayward mingled with a sprinkling of senior bankers and gorgeous girls. “If you’re not flying in on a private jet, you’re a complete loser,” my mole purred. The party is estimated to have cost £1 million ($1.6 million). Rothschild was a founder investor in the project to build a new harbour and residences near Tivat in Montenegro. Apparently, the target audience is billionaires who are bored with St Tropez and looking for an alternative berth for their yachts. Doesn’t it all seem a little 2007 to you – the boom before the bust?
How was your week? Please send news and views to Abigail@euromoney.com
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