I think Luxury items brands cucci Ferrari or some yacht companies Luxury resorts and hotels.
and even in recression those things always on high demand and when we look at geopolitical situation all over the world by all those issues at the end more and more wealth will go to hands who will consume luxury goods.
There is a difference between high net worth individual, super high net worth and ultra high net worth
When you get to the point of ultra high net worth, you will realize that there isnt that many investment out there that could worth your time so most of the ultra high net worth jumped into those luxurious stuff because even it doesnt really increase your net worth anymore, it gives you prestige to enlarge your networking which is fine if you look at the bigger picture
So its not really only as 'consumption'