RB LEIPZIG BESPOKE CHOCOLATES ISSUE Inside Red Bull’s football project The luxury chocolate on the rise THE LONDON TAILOR THE NEW PHILANTHROPY 139 150 years of sartorial style The donors behind the arts THE A-Z OF BUYING (AND RUNNING) A SUPER YACHT The models, the essentials (including the hidden costs), plus beautiful routes for your new toy PF_72017.P00_Cover.indd 1 6/19/17 4:57 PM palazzo del sol (LHP).pdf 1 6/20/17 10:05 AM C M Y CM MY CY CMY K palazzo del sol (RHP).pdf 1 6/20/17 10:06 AM C M Y CM MY CY CMY K JULY ISSUE 139 The business of life & living Exclusive to Emirates First Class and Business Class EDITOR-IN-CHIEF OBAID HUMAID AL TAYER MANAGING PARTNER & GROUP EDITOR IAN FAIRSERVICE EDITORIAL DIRECTOR GINA JOHNSON GROUP EDITOR MARK EVANS [email protected] SENIOR ART DIRECTOR SARA RAFFAGHELLO [email protected] DESIGNER RALPH MANCAO [email protected] SUB-EDITOR SALIL KUMAR [email protected] EDITORIAL ASSISTANT LONDRESA FLORES [email protected] GENERAL MANAGER – PRODUCTION SUNIL KUMAR [email protected] PRODUCTION MANAGER R MURALI KRISHNAN [email protected] PRODUCTION SUPERVISOR VENITA PINTO [email protected] CHIEF COMMERCIAL OFFICER ANTHONY MILNE [email protected] GROUP SALES MANAGER MICHAEL UNDERDOWN [email protected] SENIOR SALES MANAGER MICHELLE QUINN [email protected] Emirates takes care to ensure that all facts published herein are correct. In the event of any inaccuracy please contact the editor. Any opinion expressed is the honest belief of the author based on all available facts. Comments and facts should not be relied upon by the reader in taking commercial, legal, financial or other decisions. Articles are by their nature general and specialist advice should always be consulted before any actions are taken. All dollar prices throughout the magazine refer to US dollars. Published for Emirates by Head Office Media One Tower, Dubai Media City, PO Box 2331, Dubai, UAE Tel +971 4 427 3000 08 Fax +971 4 428 2270 Dubai Media City Office 508, 5th Floor, Building 8, Dubai, UAE Tel: +971 4 390 3550 Fax: +971 4 390 4845 Abu Dhabi PO Box 43072, UAE TAILOR MADE Tel: +971 2 677 2005 Fax: +971 2 677 0124 London Acre House, 11/15 William Road, London NW1 3ER, UK P30 Printed by Emirates Printing Press, Dubai The iconic Savile Row destination PF_72017.P08-12_Intro_Contents.indd 8 6/19/17 5:57 PM 8°0 COLLECTION annonce_8°0_205x265_PortfolioEmirates_v1.indd 1 16/06/2017 16:31 J01274-CW-NA-Nikki Beach Campaign-Portfolio-26.5x20.5-ENG.pdf 1 6/13/17 2:00 PM JULY ISSUE 139 CONTENTS UPFRONT 18 FACEBOOK Can the tech giant’s stock keep rising? LIVING 74 22 HOTEL LA STYLE A haven on Sri Lanka’s An iconic Hollywood southern coast mansion with a modern twist 80 WHAT TO PACK 24 From Munich to HONG KONG Beijing, we’ve got PROPERTY you covered Why the territory’s property market is reaching boiling point 84 FOOD & DRINK An interview with the 34 inventor of the cronut, TOOLS OF TITANS Dominique Ansel Tim Ferriss’ interviews with the world’s top performers 88 EXHIBITION Larry Fink’s Milan exhibition 90 COLUMN Why everything you know about success is wrong 11 37,415 copies July - December 2016 PF_72017.P08-12_Intro_Contents.indd 11 6/19/17 5:57 PM JULY ISSUE 139 CONTENTS FEATURES 36 SUPER YACHTS An inside look at the world of the super yachts: the brands, the destinations and the ups and downs of life on the water 44 RB LEIPZIG’S RISE AND RISE Red Bull’s football experiment has paid off, but not without them making a few enemies along the way 50 THE NEW PHILANTHROPY How technology and a new breed of philanthropists have changed modern philanthropy 58 LUXURY CHOCOLATES How the humble cocoa bean has transformed itself into one of the most sought after delicacies in the world 66 FLOWER POWER The flower industry is worth billions of dollars a year – we chart the past, present and future of this mammoth business INTERNATIONAL MEDIA REPRESENTATIVES 12 AUSTRALIA/NEW ZEALAND Samford Media; Tel + 618 9447 2734, [email protected] CHINA IMM International; Tel +852 2639 3635, j.bouron@ imm-international.com GERMANY IMV Internationale Medien Vermarktung GmbH; Tel +49 8151 550 8959, [email protected] GREECE Global Media; +30 210 69 85 981, [email protected] HONG KONG/MALAYSIA/INDONESIA Sonney Media Networks; Tel +852 2151 2351, hemant@sonneymedia. com INDIA Media Star; Tel +91 22 4220 2103, [email protected] SWITZERLAND/FRANCE/ITALY/SPAIN IMM International; Tel +331 40 1300 30, n.devos@ imm-international.com JAPAN Tandem Inc.; Tel + 81 3 3541 4166, [email protected] NETHERLANDS giO media; Tel +31 6 6 2223 8420, [email protected] THAILAND Media Representation International; +66 8 6777 3417, [email protected] TURKEY TTR Media Ltd; Tel +90 212 275 8433, tanbilge@medialtd. com.tr UK Spafax; Tel +44 207 906 1983, [email protected] USA WorldMedia Inc; Tel +1 212 244 5610, [email protected] PF_72017.P08-12_Intro_Contents.indd 12 6/19/17 5:57 PM Boucheron resized inhouse.pdf 1 6/11/17 10:06 AM HIVER IMPÉRIAL High Jewelry collection High Jewelry Collection presented in Paris, French Riviera and London during Summer INTER-Boucheron-CollierBaikal-Portfolio-juin2017-206x270mm.indd 1 08/06/2017 15:34 UPFRONT 14 15 PF_72017.P14-16_A_Upfront_Bentley.indd 14 6/19/17 5:59 PM JULY / AUTOMOBILE ISSUE 139 Bespoke wings Fancy taking the world’s fastest animal out for a spin in the priciest production SUV ever made? 14 15 PF_72017.P14-16_A_Upfront_Bentley.indd 15 6/19/17 6:00 PM JULY ISSUE 139 UPFRONT / AUTOMOBILE Bentley will even create an image of your prized bird on your dashboard if you so desire entley surprised trout-catching fans too). 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The 400 falcons are traded for hundreds of desert dune, and it just happens finicky marquetry artwork takes individual thousands of dollars). to be the priciest production at least nine days to craft, and an pieces of Prices vary depending on SUV in the world (the 2018 average likeness uses more than wood are customisation, but you’ll pay from model will set you back just over 400 individual pieces of wood used to craft $70,000 for the kit, or $100,000 $280,000 in the UAE). from seven varieties. Lacewood, for the falcon with the falconry equipment Now desert heritage has instance, is the perfect mimic of a artwork and dashboard marquetry image tied up with British motoring rippled, wind-swept sand dune. on the (which is, quite frankly, the 16 PB thanks to the falconer’s kit that The falconry kits include a dashboard coolest bit). 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Find more information at premiertaxfree.com BOSS_EmiratesPortfolio_UK_RHP_BM012_BM013_1206.indd 1 01.06.17 14:06 UPFRONT Facebook futures Despite a rocky start, Facebook’s stock price has risen fast. Emma Woolacott examines where the price is likely to go little over five years coming months and years? “When ago, Facebook held its they did the IPO, I said I think initial public offering that’s an extremely high price. – the biggest IPO in When you look at a tech share, techA history, and one of the most it’s important to say whether controversial. In the weeks leading there’s any substance behind the up to the event, analysts expressed company,” says John Strand of deep concerns about the company’s Strand Consult. “But if you look valuation and business model. And at what happened to Facebook when trading began, it was chaotic, after the IPO and how it evolved delayed by half an hour because and you compare to other tech of technical problems within the companies and how they’ve Nasdaq exchange. evolved over the same period, The perception remained that there’s no doubt Facebook has the company had been overvalued, been able to grow.” and the day after the IPO, its stock Facebook had 900 million closed below its offering price, at users at the time of the IPO; $34.03.