There are some misconceptions about the rich. For example, most of the representatives of this group know each other. And that they do business with each other. “But that doesn’t happen on a large scale,” he says. David A. Pieper. They may be known in your area, but otherwise little known. And this phenomenon can be observed even more in Mallorca. “The wealth of Europe is here”, says this businessman, but representatives of this environment”it’s like they live in neighboring villages but don’t know what the others are doing”.
Pieper wants to change that and build “the first high-net-worth community in the Mediterranean region” as he said in the coming weeks and months. Skyland Riches is behind the project. The Berlin ‘start-up’, hardly known by the media, gathers mainly real estate representatives and family offices on its advisory board. The purpose of the community is explained in its presentation: exchange of experience, help for newcomers to the island, confidential real estate transactions and high-quality new connections, especially with Mallorca’s leading entrepreneurial families.
A serious and discreet network
Pieper wants to continue his experiment in Germany in Mallorca, explains in an interview with the ‘Mallorca Zeitung’, a weekly newspaper published by Prensa Ibérica. the project occurs digital network and personal connections in equal parts. On the one hand, a technological platform A kind of “Facebook for the super rich”, so to speak, only much more privileged, serious, and above all more discreet than the social network. On the other hand, societyCurrently more than 350 members also meet face-to-face for dinner in Munich or for a charity event at Zoopalast in Berlin.
“Networking” should then be translated into: business transactions betweenIt’s also a kind of “confidence-building measure,” as the real estate economist, who previously founded the asset management company Optimus Prime and brokerage Virtuus Private, puts it. Because “if I made a deal with someone, I can do other things with him,” he says. And this is based on the business model of Skyland Wealth GmbH, which was ultimately founded in 2019.
This way you can enter the club.
There are clear rules for admission, the keyword is UHNWI. The acronym stands for “ultra-high net worth individuals”, which means individuals with total assets of at least €25 million. According to Pieper, although no one is required to disclose their tax returns, this figure has been verified for new members based on internal research. “We’re just doing our job,” she says. Of course, assets can take many different forms, from mid-sized companies with a thousand employees to profits from start-ups selling or paying for villas in Germany.
dir-dir 25 million barriers ensures that members around the world have the same interests. In addition to private acquisitions and business transactions, it is above all about solving questions: Where can I invest in the long run? What will I leave to the world? And how do I pass on my life’s work to the next generation?
Real estate
Of course always relevant Real estate. The idea of community came from here. Pieper says consultations with wealthy clients always come up with questions about whether he can assist in other areas such as inheritance, follow-up financing or restructuring in addition to real estate consulting. But while the emerging network is certainly of great importance to the world’s wealthy, it should not be confined to this sector:Picasso is not for everyone, vintage cars are not for everyone but real estate is for everyone”.
The initiative was launched in Mallorca, at a time when public debate about the “sale of the island” was beginning. tourist saturation and gentrification continues at full speed. Pieper notes that he is familiar with social justice debates in many countries, and each culture handles them differently. The German argues that a community with high purchasing power in Mallorca will have a positive impact on the island when it comes under the dominance of the island. On the one hand, this business and innovation investments For example, in the creation of office spaces or co-working spaces, in the establishment of ‘start-ups’, And in the spread of renewable energy. Pieper, on the other hand, refers to attempts like trying. Breaking with the Ballermann image and presenting itself as a quality tourist destination. He points out that a clear distinction should be made when it comes to the housing shortage. “When a villa changes hands in Andratx, it doesn’t gentrify.”
They’re already in Majorca
The expansion of the rich club in Mallorca was almost automatic: half of existing members already have a foothold on the island, unrelated to each other. “You know someone in Pollença in Zurich, you know someone in Andratx in Munich, but the two of them don’t know anything about each other,” says the businessman, who owns an apartment with his wife in Cala Blava. .
The target audience they address is more than general managers, business owners, exactly the most represented on the island. However Local entrepreneurs are also included in the network. Spain is underestimated as a wealthy country, and making contact with Mallorcan entrepreneurial families is even more difficult. But they are open to nationalities of all countries.
Official start in Mallorca April 29, with an inaugural event organized by a British host on a farm in Tramuntana. Originally, a German businessman was supposed to play this role, but he died in an accident in late 2022. After the presentation, initially bimonthly meetings are scheduled.