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Brought to you by: Monaco Life
Monaco remains the top spot worldwide for the density of millionaires, but there has been a small slippage in recent years, according to the latest figures from Verdict, a business news and analytical organisation.
While it has been known for some time that just under a third of people – 30.6 percent – living in Monaco have a net worth of more than $1 million excluding the value of their principle residence. This year records a fall of 0.5 percentage points compared to 12 months earlier.
European cities dominate the global millionaire density rankings, with Geneva, Zurich and Zug in second, third and fourth position, followed by London, where one person in 29 is a millionaire. Two former British colonial city-state outposts with liberal economies represent Asia – Hong Kong, in sixth place, and Singapore in seventh. Frankfurt is ranked eighth and New York ninth, ahead of Paris in tenth position.
Tellingly, the gap between Monaco and the three Swiss cities remains very wide, with Geneva having a millionaire density of six percent. The French capital, at the bottom end of the top ten, records just two percent.
Verdict’s editor commented: “It is heartening to see London’s density of millionaires all but unaffected by last year’s Brexit vote suggesting people are waiting to see how negotiations between the UK and the European Union play out over the next couple of years.”
Article first published May 28, 2017.
Copyright - Directorate of Communication / Michael Alési[/caption]
He reiterated the importance of the work of definition of cost accounting to prepare future budgets.
He confirmed the launch of the housing plan which should be presented to the National Council, then announced at the end of the first quarter of 2019, reminding: "the housing issue should not be confrontational".
Serge Telle said he was extremely "outraged by the upheavals of the economic model of the press and their repercussions on the difficult job of journalism" and be ready to reflect with professionals on the future of this corporation. He said, "A society without a journalist, is no longer the same society".
He punctuated this statement by addressing the journalists present: "You represent the balance of power that guarantees the smooth running of society." 