London climbs millionaire rankings

London climbs millionaire rankings

While London now has one millionaire for every 29 inhabitants, or 3.4 per cent of the population.

The UK capital has climbed from sixth to fifth place in a ranking of the world’s top cities per capita for people with net assets worth $1m (£0.7m) or more, excluding the value of their main house.

London rival New York is named as the top North American city and fourth globally, with almost one in 21 of the city’s residents millionaires, figures from data provider Wealth Insight show. The findings will be published today by Spear’s, the luxury magazine, City AM reports.

While Monaco is home to more millionaires per capita than any other city in the world, in second and third place are Swiss banking centres Zurich and Geneva with millionaires making up 24.3 percent and 17.7 percent of the respective populations.  SOURCE: City AM

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