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Balenciaga Triple S sneakers cost $900.
- Some traditional status symbols are losing their luster and are being replaced by unexpected, subtle, and sometimes downright counter-intuitive status symbols.
- A rise in health and wellness has made exclusive gym memberships and pricey water bottles a must-have.
- More people are investing in shoes over purses - Brooklyn moms favor No. 6 clogs, celebrities and influencers love "ugly shoes," and Silicon Valley tech CEOS opt for casual sneakers by high-end designers.
Logo purses, brand names, flashy cars, and even flashier rings have typically signified status among the wealthy.
But these hallmarks of status are slowly giving way to some more unexpected status symbols.
A few key trends have turned the aesthetic of wealth upside down. One is an increased focus on health and wellness; in turn, membership cards to high-end gyms and accessories like pricey water bottles are signifiers of a person's wealth and ability to invest in their well-being.
Read more: Forget shiny Rolexes and Louis Vuitton handbags - rich people are investing more in education and health, and it shows that discreet wealth is the new status symbol
Another key trend is the growing preference for shoes over handbags as investment pieces, particularly fueled by the "ugly fashion" movement.
Meanwhile, wealthy Brooklyn moms are turning to "ugly-chic" numbers like the slouchy No. 6 clogs as part of their wardrobe staples, while celebrities and influencers are investing in $900 Balenciaga "ugly sneakers." Meanwhile, tech CEOS in Silicon Valley are taking a more laid-back approach, opting for low top sneakers by high-end designers like Lanvin.
See what else is building up a reputation as a status symbol among the elite.