Wealth-X Ranks London as Top European City with Largest Number of Ultra Affluent
London, Paris and Zurich Top the List of European Cities with the Most Ultra High Net Worth Individuals.
22 November 2011, Singapore – Wealth-X, the global intelligence, prospecting and wealth due diligence company today listed London as the European city with the most number of Ultra High Net Worth (UHNW) individuals, in its first annual ranking of the most popular UHNW European cities.
London, host city to the 2012 Olympics, has 5,955 individuals with a net worth of at least US$30 million each. More than half of the United Kingdom’s 10,450 ultra wealthy individuals are concentrated in London.
The ten cities with the largest UHNW population in Europe are:
1. London, UK (5,955)
2. Paris, France (2,820)
3. Zurich, Switzerland (1,775)
4. Munich, Germany (1,450)
5. Geneva, Switzerland (1,355)
6. Dusseldorf, Germany (1,355)
7. Hamburg, Germany (1,310)
8. Rome, Italy (1,140)
9. Frankfurt, Germany (1,100)
10. Madrid, Spain (1,060)
The ultra wealthy in Switzerland and Germany are more dispersed compared to UK and France. Germany, home to 15,925 UHNW individuals, has the largest population of ultra affluent in Europe and the greatest number of UHNW cities. Four German locales; Munich, Dusseldorf, Hamburg and Frankfurt, make the top ten list in Europe.
“While Germany has the largest population of UHNW individuals in Europe, 50 percent more than in the UK, London hosts more UHNW individuals than Munich, Dusseldorf, Hamburg and Frankfurt combined, thanks to a favourable environment for the ultra affluent including those who are non-domiciled,’’ said Mykolas Rambus, CEO of Wealth-X. “This inaugural Wealth-X ranking of the European cities most popular with UHNW individuals will enable private wealth managers, not-for-profits and luxury brands to better devise strategies to efficiently and effectively deploy sales and marketing resources to reach this much-sought-after community.’’
More insights on the distribution of UHNW individuals by European cities including the World Ultra Wealth Report 2011 are available at www.wealthx.com.
ABOUT WEALTH-X
Wealth-X provides its members with qualified prospects and intelligence on ultra high net worth (UHNW) individuals, along with the privately held-companies they control. We work with 7 of the top 10 global private banks, leading educational institutions, not-for-profits and luxury brands. Our firm’s online business development solution profiles individuals who represent US$ 10.7 trillion of the world’s net wealth. Wealth-X offers exclusive details on ultra wealthy individuals, including their wealth, income, passions, philanthropic interests, affiliations, politics, advisors, families and biographies. Wealth-X is the global leader on UHNW individuals and the worldwide standard for professionals working with the ultra affluent. Headquartered in Singapore, Wealth-X has offices in New York, Guangzhou, Mumbai, Lugano, Sydney and London.
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