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Lifestyles of the rich and famous: How the ultra-wealthy spend their fortunes

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A Patek Philippe wristwatch sells for $17.6 million at auction. Beyoncé and Jay-Z close on a $200 million Malibu compound designed by a Pritzker Prize-winning architect. Ellen DeGeneres flips a Santa Barbara estate for a $26 million profit in under two years.    These transactions happen in a parallel economy…

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