What recession? Tycoons spend £1.8 million on champagne in St Tropez
Paris Hilton watched as the rival tycoons Zhen Low and Winston Fisher competed to see who could order more £600 bottles of Cristal in a St Tropez nightclub.
By Richard Eden, Telegraph.co.uk
As Joan Collins and her friends descend on St Tropez this week for a party on board Lady Joy, the yacht owned by the American socialite Denise Rich, they have been made to look positively austere.
Mandrake hears that two rival billionaires spent a staggering €2 million (£1.77 million) on champagne at Les Caves du Roy nightclub. Zhen Low, the younger brother of the Malaysian tycoon Jho Low, became involved in a competition with Winston Fisher, a New York property developer, to see who could order more £600 bottles of Cristal for their chums.
Guests included Paris Hilton, the socialite, who helped the cherubic Jho celebrate his 28th birthday with a four-day party in Las Vegas last year.
“Even by the standards of Les Caves, this was something else,” says my man on the Côte d’Azur.
