"While the rest of the world struggles to come to terms with an era of austerity, there will be no such concerns tonight for Nat Rothschild, the billionaire British [Jewish] investment banker, as he celebrates his 40th birthday with an elite band of 400 fabulously wealthy friends.

The Oxford-educated entrepreneur, the scion of the Rothschild banking dynasty and one of the world's most eligible bachelors, is spending an estimated £1 million ($1,600,000) on three days of lavish celebrations in Porto Montenegro, a new marina resort on the Adriatic Coast. He is one of the main investors in the exclusive development....

Many locals have welcomed the building of the marina - the pet project of Peter Munk, an 83-year-old Canadian [Jewish] gold magnate - but others say it has divided Tivat into a gilded ghetto for the uber-rich and a drab Communist-era town...

But that will be of little concern to the beautiful people [sic] when they gather for what is being dubbed the biggest social event in the short history of one of Europe's youngest countries."

-- London Telegraph

"Mr Rothschild and his main business partner, the Russian oligarch Oleg Deripaska, have sunk a lot of money into the fresh concrete that has been laid on the water's edge in Kotor Bay... It was Mr Rothschild who brought Mr Osborne and Peter Mandelson together on Oleg Deripaska's yacht, in the summer of 2008, setting off an entertaining political furore..."

-- The Independent

The "era of austerity" imposed on the rest of us is exactly how looters like Nat Rothschild and the yacht club crowd are able to indulge themselves so lavishly. Maybe he's just trying to one-up Steve Schwarzman of Blackstone Group who threw a similar party for himself two years ago.

In addition to this "pet project", Nat Rothschild is also a Director of Peter Munk's company, Barrick Gold.