According to research by online bank First Direct, you now need £3million to be able to live like a millionaire.

(Today’s jet-setters need almost £3 million to buy the millionaire lifestyle, compared with 20 years ago.

Here it is broken down for you:-

Millionaire’s lifestyle in 1992

House in Kensington – £345,920
Rolls Royce Phantom – £111,894
Sea-faring yacht – £301,360
Men’s designer watch – £14,880
Women’s designer watch – £13,550
3.5 carat diamond necklace – £9,130
32 night Caribbean cruise – £7,770
Holiday home in St Just, Cornwall – £51, 707
Villa in Tuscany – £138,800
TOTAL: £995,011

Millionaire’s lifestyle in 2012

House in Kensington – £1,362,930
Rolls Royce Phantom – £285,200
Sea-faring yacht – £509,000
Men’s top of the range designer watch – £25,270
Women’s top of the range designer watch – £23,000
3.5 carat diamond necklace – £15,500
32 night Caribbean cruise – £13,200
Holiday home in St Just, Cornwall – £149,950
Villa in Tuscany – £235,670
TOTAL: £2,619,720

Not to mention the occasional caviar pizza (see previous post). )
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