London is the capital of the world for multi-millionaires - Spear's Magazine
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London is the capital of the world for multi-millionaires

An annual survey by Spear’s magazine and leading wealth consultancy company WealthInsight has concluded that London is home to more multi-millionaires compared to any other city in the world.

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With the number of multi-millionaires residing in London increasing by 0.8 per cent between 2014 and 2015, the city now boasts 4,400 multi-millionaires and is comfortably ahead of its rivals Tokyo, boasting 3,532 multi-millionaires and Singapore, home to a further 3,117 multi-millionaires.

Boasting 25 per cent more multi-millionaires than Tokyo, London is also joined by other UK cities including Birmingham in 65th place with 138 multi-millionaires and Edinburgh at 74th place with 112 multi-millionaires.

New York is America’s highest ranking city (4th) boasting 3,028 multi-millionaires, an improvement by 0.7 per cent between 2014 and 2015. Despite no changes in Los Angeles (20th), it continues to be New York’s closest rival and boasts 969 multi-millionaires.

Houston has seen the highest increase in multi-millionaires in the entire Western World. It is now home to 824 multi-millionaires, an increase by 2.4 per cent between 2014 and 2015.
The eighteen cities that saw the biggest increases in multi-millionaire population were all located in Asia, with Dalian, China, topping the overall rankings this year with a 5.4 per cent increase. The countries that saw the biggest decreases were mostly in Europe and include Kiev (-10.2 per cent), St Petersburg (-7.9 per cent) and Moscow (-6.8 per cent).

Top 100 cities by UHNW volume:

CitiesRegion2013201420152014 - 2015 change
1LondonEurope4,224.004,3644,4000.80%
2TokyoAsia3,525.003,5753,532-1.20%
3SingaporeAsia3,154.003,2273,117-3.40%
4New YorkNorth America2,929.003,0083,0280.70%
5Hong KongAsia2,560.002,6902,7893.70%
6FrankfurtEurope1,868.001,9091,900-0.50%
7ParisEurope1,500.001,5211,516-0.30%
8OsakaEurope1,450.001,4711,453-1.20%
9BeijingAsia1,318.001,4081,4492.90%
10SeoulAsia1,302.001,3561,3650.70%
11ZurichEurope1,314.001,3621,350-0.90%
12TaipeiAsia1,255.001,3171,3301.00%
13São PauloSouth America1,310.001,3441,268-5.70%
14TorontoNorth America1,184.001,2161,204-1.00%
15GenevaEurope1,156.001,1981,1980.00%
16IstanbulMiddle East1,110.001,1531,1691.40%
17MunichEurope1,113.001,1381,1450.60%
18Mexico CityNorth America1,088.001,1161,111-0.40%
19ShanghaiAsia1,028.001,0951,1040.80%
20Los AngelesNorth America9509699690.00%
21RomeEurope945956939-1.80%
22HamburgEurope8438628630.10%
23ChicagoNorth America8048278330.70%
24HoustonNorth America7778058242.40%
25MoscowEurope821827771-6.80%
26SydneyAustralasia747765761-0.50%
27MumbaiAsia5776196494.80%
28HangzhouAsia5636116303.10%
29DallasNorth America5645825881.00%
30AucklandAustralasia5405575651.40%
31MadridEurope5365445460.40%
32Rio De JaneiroSouth America550563542-3.70%
33Tel AvivMiddle East5025145323.50%
34San FranciscoNorth America5115265311.00%
35DusseldorfEurope524531528-0.60%
36MontrealNorth America520534527-1.30%
37OsloEurope4704854941.90%
38StockholmEurope4654794881.90%
39BangkokAsia4554664731.50%
40BerlinEurope464475472-0.60%
41MelbourneAustralasia445456454-0.40%
42AmsterdamEurope440449445-0.90%
43BarcelonaEurope4324384410.70%
44ShenzhenAsia3774094253.90%
45ViennaEurope3843923961.00%
46BostonNorth America3803893931.00%
47DubaiMiddle East3683833830.00%
48DublinEurope3653693731.10%
49JakartaAsia345363359-1.10%
50BrusselsEurope345351349-0.60%
51Washington DCNorth America336347345-0.60%
52GuangzhouAsia3113273373.10%
53Kuala LumpurAsia2953103161.90%
54SantiagoSouth America298315313-0.60%
55JohannesburgAfrica285298295-1.00%
56Buenos AiresSouth America264265263-0.80%
57VancouverNorth America2552622630.40%
58MilanEurope235238233-2.10%
59MiamiNorth America2222292310.90%
60 PhoenixNorth America2442272291.00%
61NanjingAsia1922072153.90%
62TianjinAsia1551711773.50%
63Abu DhabiMiddle East161168167-0.60%
64DelhiAsia1471571655.10%
65CairoAfrica1451501510.70%
66BirminghamEurope1341371380.70%
67FlorenceEurope136137135-1.50%
68ChengduAsia1201301343.10%
69ChangshaAsia1181271334.70%
70LagosAfrica1231311320.80%
71BeirutMiddle East132133131-1.50%
72WuhanAsia1111201243.30%
73WenzhouAsia1091161192.60%
74Cape TownAfrica110115114-0.90%
75EdinburghEurope1091111120.90%
76ChongqingAsia96104103-1.00%
77DalianAsia8993985.40%
78Ho Chi Minh CityAsia9095972.10%
79KievEurope10210897-10.20%
80St PetersburgEurope9910193-7.90%
81VeniceEurope868786-1.10%
82BangaloreAsia7075784.00%
83FuzhouAsia6772754.20%
84NairobiAfrica6569712.90%
85Xi'anAsia6167693.00%
86XiamenAsia6065684.60%
87QingdaoAsia6564663.10%
88ChennaiAsia4649514.10%
89SuzhouAsia4245462.20%
90HyderabadAsia3639415.10%
91NingboAsia3538380.00%
92FoshanAsia2527283.70%
93DongguanAsia2425264.00%
94JiangmenAsia2325264.00%
95TaizhouAsia2022234.50%
96OrdosAsia2223230.00%
97AbujaAfrica222322-4.30%
98AhmedabadAsia#N/A20215.00%
99MarrakeshAfrica1515150.00%
100KanoAfrica1010100.00%


 

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