Livin' La Vida Loaded in Mexico City

The famous avenue of Presidente Masaryk in Polanco is Mexico City's main luxury shopping corridor, with everything from Louis Vuitton to Burberry to Chanel. (Ruth Samuelson)

Paris Hilton poses for a photo with fans during her autograph signing session at the Perisur Mall in March 2011. Hilton was in Mexico to promote her new shoe line. (Eduardo Verdugo / AP)

In March, Mexican telcommunications magnate Carlos Slim Helú opened Museo Soumaya to house his broad collection of art, including works by Da Vinci, Picasso and Renoir. The institution sits directly in front of his new shopping center Plaza Carso, which includes Mexico City's second Saks Fifth Avenue.

Home to designer boutiques like CH Carolina Herrera, Emporio Armani, Longchamp and Marc by Marc Jacobs, the Antara Fashion Hall opened in 2006.

Seven years ago, W Hotels Worldwide opened its first location in Mexico City in Polanco (shown here), and in late March, the company announced plans for a second hotel here in the Santa Fe district.

This sophisticated department store is Mexico's answer to Bloomingdale's, with seven stores in the greater capital region.

Carlos Slim Helú, chairman and CEO of Telmex, Telcel and America Movil, arrives at the White House for a state dinner in May 2010. According to Forbes, he is the wealthiest man in the world.   (2010 Getty Images)

A man walks his three dogs in Mexico City, Mexico in May 2009.  (2009 Getty Images)

Singer and actor Jared Leto of 30 Seconds to Mars takes part in the 2010 MTV World Stages press conference at the W Mexico City in August 2010.  (2010 Getty Images)

Madonna chose Mexico City for the first Hard Candy Fitness gym, her global body-fitness business. (AP Photo/Miguel Tovar)