High net fashion victims

In a new era of the mega rich, some of the biggest fashion blunders are made by the world's highest earners. As Victoria Beckham recently confessed, she still squirms at the memory of arriving at an A-list party wearing matching leather (Gucci) outfits with husband David Beckham. She stated: "It was the worst outfit I ever wore." And the photos made tabloid headlines around the world.

The scrutinised eye of the fashion media may agree or disagree on Victoria's bad choice of outfit, however the retired singer has a point. It seems the more money one earns, the more ostentatious the clothes to represent one's wealth. A recent supplement in the Sunday Times stated that for those who have made their wealth in business, fancy dress is the equivalent of a novelty tie. The duller their business, the more flamboyant the fancy dress.

Take Elton John for example, who, for his 50th birthday party, wore a wig and frock resembling a cross between Marie Antoinette and a wedding cake.

New emerging markets such as Moscow, Dubai and of course China show that whilst these exceedingly rich states have everything that money can possibly buy, those who can afford to shop at the most luxurious of brands are not necessarily the most fashionable. You can strut your stuff in the most expensive outfits, but it may mean the fashion police will be hot on your heels. And what can be worse than committing a crime against fashion?