The U.K. capital is actually topping the list of ‘super-millionaire’ locations, showing 3.4 per cent growth on last year, reaching the total of 4,549 Londoners, who have a net worth in excess of US $30 million. The rough estimation of the aggregate worth of London-based millionaires is US $140 billion, which is similar to the GDP of Qatar or Algeria.
The second position in the list of HNWIs cities is taken by Tokyo with 3,611 super millionaires and 2.2 per cent growth in numbers over the last year. Singapore is in third place (3.1 per cent rise to 3,212 wealthy individuals having US $30+ million worth). New York, Hong Kong, Frankfurt, Osaka, Paris and Seoul are also in the list of super millionaires homes.
‘In the fourth year of this study we see London’s appeal undiminished to millionaires both at home and abroad,’ says Oliver Williams, from Wealth Insight. ‘Growth in the city’s economy has defied Brexit in creating new wealth and London draws more affluent individuals from overseas attracted by friendly business laws, quality of life and all the services a multi-millionaire could need.’