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By Amy Odell

Ms. Odell is the author of “Anna: The Biography.”

Some of the world’s richest people are gathering for the wedding of Jeff Bezos, the world’s third-richest man, in one of the world’s most touristy cities, Venice, and it’s easy to ask: What happened to understatement and restraint? In the run-up to the wedding, Mr. Bezos was photographed by paparazzi on the deck of his yacht with his intended, Lauren Sánchez, both in their swimsuits, frolicking in foam like a couple of college kids on spring break. Meanwhile, missiles and bombs have been falling just a few time zones away,

Not so long ago, members of high society were fixated on trying to low-key their way out of the perils of income inequality. Minimalism and quiet luxury were in vogue. But in the wake of President Trump’s second election, it’s the luxe life at full volume. He gilded the White House, turning it into a Rococo Liberace lair. Swaggy and braggy have replaced stealth wealth. Flaunting it is in. For women, that means sequins, diamonds, tight silhouettes and big hair. TikTok’s latest star, Becca Bloom, has drawn millions of fans by regularly sharing videos of her lavish jewelry and Hermès shopping hauls. Even the bandage dress is trending again. The breast implant business just keeps getting bigger and is expected to reach $4.6 billion by 2030, up from nearly $3 billion in 2024.