London is home to a whopping 4,400 super rich people, more than any other city in the world.
Data from the Wealth Insight report revealed the number of super rich people (net assets worth $30m or more, excluding the value of their main house) is up by 0.8 per cent over the previous year.
London now has 25 per cent more multi-millionaires than its closest rival Tokyo, and 29 per cent more than in third place Singapore.
UK multi-millionaires are most likely to work in financial services, the report showed. Christopher Silvester, editor of Spear’s, told City A.M that “the ready availability of so much financial expertise in London is highly attractive to the world’s high-net-worth individuals.
“Many come for the property and British public schools as well.”
Two other UK cities made the top 100 in the new survey. Birmingham came in at 65 in the chart with 138 multi-millionaires, and Edinburgh at 74 with 112 high net worth citizens.