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
Monaco-based Anastasios (Tassos) Economou has been elected chairman of the Board of Directors of YPO, a global leadership community for chief executives. It was announced earlier this week that Economou will be the 69th member to hold this office and will succeed current YPO Chairman Elizabeth Zucker. He will begin his term on 1st July 2020. A member […]
Stuart Burns is the new man at the helm of the International School of Monaco. His experience is extensive and incredibly diverse, from heading up some of the most privileged schools in the UK to working with the government to develop educational programmes in disadvantaged districts of London. This lover of languages spoke to Monaco […]
Art has the potential to be much more than simply decorative. When chosen carefully it can impact our mood, improve sleep patterns, and help our bodies track the passage of time, all of which have measurable benefits to our wellness and quality of life. This is something that major architects and developers are increasingly designing […]
Two Monegasque companies will be responsible for risk analysis and cybersecurity for the Principality of Monaco as it continues with its ambitious digital transition programme. Monaco Digital and Egerie were presented last week as new partners of the Monegasque Digital Security Agency (AMSN) to assist with the launch of this year’s ‘Extended Monaco’ project. Monaco […]
The outcome of Thursday’s UK general election will be a key talking point for markets near the end of the week, with a Conservative Party majority largely priced in financial markets.
Monaco-based Anastasios (Tassos) Economou has been elected chairman of the Board of Directors of YPO, a global leadership community for chief executives. It was announced earlier this week that Economou will be the 69th member to hold this office and will succeed current YPO Chairman Elizabeth Zucker. He will begin his term on 1st July 2020. A member […]
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France’s minister of the interior has asked the body in charge of investigating police practices to evaluate and report on the security measures in force in Nice on July 14, the day on which 84 people lost their lives in a terror attack.
“This administrative enquiry will permit the establishment of the reality of the situation, even in the midst of unnecessary controversies,” the ministry said. Truth and transparency are due to the victims and their families, the ministry added.
In the wake of the terror attack, there has been spate of accusations and counter-accusations between local officials and the central government, with each side blaming the other for inadequate security measures that allowed the perpetrator of the attack to gain access to the Promenade des Anglais while at the wheel of a heavy refrigerated truck.
Home values in the Principality rose to a record €41,420 per square metre last year after increasing 15 percent since 2015, according to the Government’s statistics office. The strong year followed a slight decline in prices from 2014 to 2015, after a steady growth period from 2012.
The strong price rise eclipses other top-end property markets. The current price is more than twice the price of Manhattan co-op and condo properties, and almost twice the value of a luxury home in London. The high end of the Monaco market appears to be strongest. Nearly half of the 33 new homes bought in Monaco in 2016 sold for €10 million or more.