Here we share some of the jaw-dropping amounts of cash millionaires splash out when celebrating Christmas. And, why they’re probably wasting their money.

Everyone celebrates Christmas in their own way.

It’s a time of year when many of us get a little looser with our grip on the purse strings, and the credit cards gets a little bit of a roasting.

But for some of the World’s wealthiest people for whom cost is not an issue the festive season is a time to splash out – BIG TIME.

For instance;

A hotel in Marbella, the Kempinski Bahía, has laid claim to having the World’s most expensive tree, costing a cool £11.9 million. It’s decorated with handmade diamond baubles, jewellery from luxury brands including Bulgari, Cartier, and Chanel together with edible 3-D decorations.

If that doesn’t cause you to shake your head in disbelief Tiffany & Co unveiled the world's most expensive advent calendar. It’s a four-foot-tall creation, containing a piece of jewellery for each day in the run-up to December 25. That’ll set you back an eye-watering £104,000.

And what do you get the millionaire home which has everything? How about a Christmas wreath studded with 16 rubies, 32 diamonds - brimming with bling? A London florist sold one for £2.8 million making it the world’s most expensive Christmas wreath.

But don’t despair. If you’re not a tech billionaire, lottery winner or Russian oligarch a recent research study showed three factors need to be present for people to have a very Merry Christmas – and none of them involve spending a penny.

They are:

  1. Accept that everything will not go perfectly.
  2. Experience the ‘Helpers feel good factor’’. Those that gave to charity or did something nice for a neighbour or friend felt a greater sense of satisfaction.
  3. Make time over the festive period to do …….nothing. Just relax and take time out for yourself.

Which goes to prove, while money makes the world go around the best things in life, especially over Christmas, are free.

Thanks for taking time to read

Edward Ashdale