London is New Millionaire Capital of the World

London has quickly become the best place to meet a millionaire. The capital of England is home to more millionaires than New York and Tokyo. In order to estimate wealth, the recent study considered publicly available company account information and luxury goods including yachts, property, art and private jets.

According to experts, a startling one in 35 people – 395,600, is a millionaire. Many attribute London’s popularity and reputation for high livability to its thriving economy. Andrew Amolis, head of research at the New World Wealth consultancy, said, “”London is an international city and attracts wealthy people from all over the world. It is the main financial center in Europe and for wealthy people it is one of the best places to live in the world.”

via flickr/J. A. Alcaide
via flickr/J. A. Alcaide

Nonetheless, Hong Kong wears the crown with the most multi-millionaires in the world, followed by New York. London ranks third in this statistic. Another factor that’s worth consideration is London’s high intake of millionaires that visit for the summer.

The United Kingdom as a whole has been measured as the super-rich capital of the world, with more than 100 billionaires living there for the first time. London alone accounts for 72 billionaires. The number of millionaires in the world has grown 58% in the last 10 years. Multi-millionaires have grown at a higher rate at 71%.


Featured image via flickr/Anirudh Koul


Have a tip we should know?


Most Read

  1. ARTS
    With a Vengeance and no Apologies, Art Basel Miami Beach Has Returned
    2 years ago
  2. Food
    Is Faux Turkey Finally Vegan-Approved for Thanksgiving?
    2 years ago
  3. News
    Pandora Papers Financial Leak Shows Us the Secrets of the World’s Rich and Powerful
    2 years ago
  4. Health
    US Supreme Court Rejects J & J TALC Cancer Case Appeal
    2 years ago
  5. Lifestyle
    9 Habits that Drain your Daily Focus and How to Avoid Them
    2 years ago
    Women’s Demand for Shapewear – the big Trends
    2 years ago
    Valentino Launches its Cosmetics Line
    2 years ago
  8. Business
    McDonald’s Sales Increase Amid COVID Restrictions
    2 years ago
  9. Health
    US Promises to Share 60 million Doses of AstraZeneca Vaccines
    2 years ago
  10. coronavirus
    UK Offers Aid Amid Surging COVID-19 Cases in India
    2 years ago
  11. Entertainment
    Nomadland Director Chloé Zhao, Wins the Best Director in 2021 Oscar
    2 years ago
  12. annual
    US annual home price growth accelerates in July
    5 mins ago
  13. Litigation
    Biden, Trump to woo unions in Michigan as auto strikes grow
    6 mins ago
  14. Sports
    Pan helps China light up pool after first esports medals
    6 mins ago
    Wall St declines as rate worries keep Treasury yields elevated
    1 hour ago
  16. United States
    Shutdown showdown in US Congress: Time running short to fund government
    1 hour ago
  17. Soccer
    Alexander-Arnold back in training with Liverpool
    1 hour ago
  18. Amazon faces an array of US consumer, state antitrust lawsuits
    2 hours ago

Follow @rushhourdaily: