London wealth: One in 29 Londoners millionaires as UK capital moves up rankings - Spear's Magazine

London wealth: One in 29 Londoners millionaires as UK capital moves up rankings

London might be suffering from an unprecedented housing crisis and more people live below the poverty line than anywhere else in the UK, but one in every 29 Londoners is now a millionaire, a new study released on Tuesday (14 June 2016) shows.

According to data published by data provider WealthInsight, 3.4% London inhabitants are millionaires as the British capital moved from sixth to fifth in the rankings for the world’s top cities per capita for people who, excluding the value of their main house, have net assets worth $1m (£0.7m) or more.



 

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