Business & Finance
Brought to you by: Monaco Life
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’s private sector saw a 2.9% rise last year in workers holding full time contracts over the year before.
SBM has closed all of its hotels in Monaco except the Hôtel de Paris and the Monte-Carlo Bay Hotel & Resort, accommodating long-term guests and those who are unable to return home.
Monaco’s Minister of State Serge Telle has revealed that a €1,000 bonus will be paid to all public service officials and agents who have been fully mobilised during the coronavirus crisis.
Companies in the Principality who wish to apply for Reinforced Total Temporary Unemployment (CTTR) for their employees can now carry out the procedures online.