Private jets and Pelotons? Totally passé. When it comes to enviable assets, the most affluent among us now have more, um, arborous ambitions. According to a new report, the ultra rich are showing off their wealth and status with... trees?! 

And we obviously don't mean donating them to rebuild the Amazon rainforest. 

Click through for a look inside the niche industry that sees high net-worth homeowners coughing up hundreds of thousands of dollars just to add some fancy shade to their gardens.

[Photo via Douglas Elliman]