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.

Spear s_Millionaires_Infographic_800x200px_v2-page-001

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:

	Cities	Region	2013	2014	2015	2014 – 2015 change
1	London	Europe	4,224.00	4,364	4,400	0.80%
2	Tokyo	Asia	3,525.00	3,575	3,532	-1.20%
3	Singapore	Asia	3,154.00	3,227	3,117	-3.40%
4	New York	North America	2,929.00	3,008	3,028	0.70%
5	Hong Kong	Asia	2,560.00	2,690	2,789	3.70%
6	Frankfurt	Europe	1,868.00	1,909	1,900	-0.50%
7	Paris	Europe	1,500.00	1,521	1,516	-0.30%
8	Osaka	Europe	1,450.00	1,471	1,453	-1.20%
9	Beijing	Asia	1,318.00	1,408	1,449	2.90%
10	Seoul	Asia	1,302.00	1,356	1,365	0.70%
11	Zurich	Europe	1,314.00	1,362	1,350	-0.90%
12	Taipei	Asia	1,255.00	1,317	1,330	1.00%
13	São Paulo	South America	1,310.00	1,344	1,268	-5.70%
14	Toronto	North America	1,184.00	1,216	1,204	-1.00%
15	Geneva	Europe	1,156.00	1,198	1,198	0.00%
16	Istanbul	Middle East	1,110.00	1,153	1,169	1.40%
17	Munich	Europe	1,113.00	1,138	1,145	0.60%
18	Mexico City	North America	1,088.00	1,116	1,111	-0.40%
19	Shanghai	Asia	1,028.00	1,095	1,104	0.80%
20	Los Angeles	North America	950	969	969	0.00%
21	Rome	Europe	945	956	939	-1.80%
22	Hamburg	Europe	843	862	863	0.10%
23	Chicago	North America	804	827	833	0.70%
24	Houston	North America	777	805	824	2.40%
25	Moscow	Europe	821	827	771	-6.80%
26	Sydney	Australasia	747	765	761	-0.50%
27	Mumbai	Asia	577	619	649	4.80%
28	Hangzhou	Asia	563	611	630	3.10%
29	Dallas	North America	564	582	588	1.00%
30	Auckland	Australasia	540	557	565	1.40%
31	Madrid	Europe	536	544	546	0.40%
32	Rio De Janeiro	South America	550	563	542	-3.70%
33	Tel Aviv	Middle East	502	514	532	3.50%
34	San Francisco	North America	511	526	531	1.00%
35	Dusseldorf	Europe	524	531	528	-0.60%
36	Montreal	North America	520	534	527	-1.30%
37	Oslo	Europe	470	485	494	1.90%
38	Stockholm	Europe	465	479	488	1.90%
39	Bangkok	Asia	455	466	473	1.50%
40	Berlin	Europe	464	475	472	-0.60%
41	Melbourne	Australasia	445	456	454	-0.40%
42	Amsterdam	Europe	440	449	445	-0.90%
43	Barcelona	Europe	432	438	441	0.70%
44	Shenzhen	Asia	377	409	425	3.90%
45	Vienna	Europe	384	392	396	1.00%
46	Boston	North America	380	389	393	1.00%
47	Dubai	Middle East	368	383	383	0.00%
48	Dublin	Europe	365	369	373	1.10%
49	Jakarta	Asia	345	363	359	-1.10%
50	Brussels	Europe	345	351	349	-0.60%
51	Washington DC	North America	336	347	345	-0.60%
52	Guangzhou	Asia	311	327	337	3.10%
53	Kuala Lumpur	Asia	295	310	316	1.90%
54	Santiago	South America	298	315	313	-0.60%
55	Johannesburg	Africa	285	298	295	-1.00%
56	Buenos Aires	South America	264	265	263	-0.80%
57	Vancouver	North America	255	262	263	0.40%
58	Milan	Europe	235	238	233	-2.10%
59	Miami	North America	222	229	231	0.90%
60	Phoenix	North America	244	227	229	1.00%
61	Nanjing	Asia	192	207	215	3.90%
62	Tianjin	Asia	155	171	177	3.50%
63	Abu Dhabi	Middle East	161	168	167	-0.60%
64	Delhi	Asia	147	157	165	5.10%
65	Cairo	Africa	145	150	151	0.70%
66	Birmingham	Europe	134	137	138	0.70%
67	Florence	Europe	136	137	135	-1.50%
68	Chengdu	Asia	120	130	134	3.10%
69	Changsha	Asia	118	127	133	4.70%
70	Lagos	Africa	123	131	132	0.80%
71	Beirut	Middle East	132	133	131	-1.50%
72	Wuhan	Asia	111	120	124	3.30%
73	Wenzhou	Asia	109	116	119	2.60%
74	Cape Town	Africa	110	115	114	-0.90%
75	Edinburgh	Europe	109	111	112	0.90%
76	Chongqing	Asia	96	104	103	-1.00%
77	Dalian	Asia	89	93	98	5.40%
78	Ho Chi Minh City	Asia	90	95	97	2.10%
79	Kiev	Europe	102	108	97	-10.20%
80	St Petersburg	Europe	99	101	93	-7.90%
81	Venice	Europe	86	87	86	-1.10%
82	Bangalore	Asia	70	75	78	4.00%
83	Fuzhou	Asia	67	72	75	4.20%
84	Nairobi	Africa	65	69	71	2.90%
85	Xi’an	Asia	61	67	69	3.00%
86	Xiamen	Asia	60	65	68	4.60%
87	Qingdao	Asia	65	64	66	3.10%
88	Chennai	Asia	46	49	51	4.10%
89	Suzhou	Asia	42	45	46	2.20%
90	Hyderabad	Asia	36	39	41	5.10%
91	Ningbo	Asia	35	38	38	0.00%
92	Foshan	Asia	25	27	28	3.70%
93	Dongguan	Asia	24	25	26	4.00%
94	Jiangmen	Asia	23	25	26	4.00%
95	Taizhou	Asia	20	22	23	4.50%
96	Ordos	Asia	22	23	23	0.00%
97	Abuja	Africa	22	23	22	-4.30%
98	Ahmedabad	Asia	#N/A	20	21	5.00%
99	Marrakesh	Africa	15	15	15	0.00%
100	Kano	Africa	10	10	10	0.00%