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Another study ranking the number of millionaires per national population has ranked Monaco first, with almost one in three inhabitants classed as a millionaire. Swiss banking centres Zurich and Geneva came second and third in the rankings.
The survey findings, revealed by Spear’s magazine and WealthInsight, show London has moved up to fifth overall, with one in 29 inhabitants named as millionaires. Edinburgh has the UK’s second-highest density of millionaires, with one in sixty-seven inhabitants deemed to have this net worth.
Meanwhile, Dublin has been ranked 10th on the list of European cities with most millionaires per capita, with one in 40 people living in the city a millionaire.
Head of WealthInsight, Oliver Williams, said Dublin has a higher density of millionaires than many other European capitals, including Paris, Madrid, Berlin and Moscow.
“London’s financial strength has also seen it rise through the rankings: it now boasts more millionaires per head than Frankfurt despite being the second most populous city on the list after New York,” he added.
Monaco’s millionaires continue to grow in number, up by six percent since the last ranking two years ago. SOURCES: Irish Times and local reports
Government representatives, business leaders and officials from free and special economic zone nations around the world have come together for the first Su-MEET conference in Monaco. Held in the Crystal Room at the Fairmont Hotel, the two day event organised by the World Federation of Free and Special Economic Zones (FEMOZA) with the full cooperation […]
The similarities between Monaco and Singapore in the journey towards a complete digital transition were highlighted during a visit from the Singaporean Minister of Foreign Affairs in charge of the Smart Nation, Dr Vivian Balakrishnan. Minister Balakrishnan was greeted last Thursday by his local counterpart, Frédéric Ganta, the Interministerial Delegate in charge of the Digital Transition for […]
The Monaco Economic Board (MEB) recently hosted an event in Turin, Italy featuring the Monte Carlo Ballet in an effort to strengthen bonds between the two regions. Turin is the undisputed centre of the Piedmont region of Italy. Not only is it the regional capital, it is also the economic hub where success stories abound […]
Monaco achieved a record-breaking GDP of more than €6 billion in 2018, according to the latest figures from statistics group IMSEE. The Monegasque Institute of Statistics and Economic Studies (IMSEE) this week published the 2018 Gross Domestic Product (GDP) report showing positive growth in all sectors. After the slowdown of the past few years which […]
Major economies continue to dominate the global ranking of the richest countries, with one nation’s private fortunes jumping by $200 billion (€177 billion) in six months alone, according to a new report released on Tuesday.
New World Wealth ranked the different countries according to the total amount of wealth, including property, cash, equities and business interests, held by all individuals as of June 2016. At least three countries from Asia appeared on the list, while four from Europe made it to the rankings.
Accumulating $48.9 trillion (€43 trillion) in wealth, the United States topped the overall list, followed by China, Japan, the United Kingdom and Germany in the top five. Rounding up the top ten are France, India, Canada, Australia and Italy.
Analysts are impressed by Australia’s showing in the top ten, considering that the country only has a population of 22 million. Australia, as well as Canada, has also overtaken Italy over the past 12 months, while China posted the fastest wealth growth over the past 15 years.
In terms of wealth held per person, European countries dominated the global rankings, with Monaco taking the number one spot. As of June 2016, the average person in Monaco owns $1.6 million (€1.42 million) in wealth, the highest in the world, reports New World Wealth, which also said the high average of wealth of Monaco’s residents can be attributed to the country's tax-free regime. (Source: Gulf News)