Business & Finance
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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
Monaco-based Panthera Solutions has been named ‘Best Financial Service Provider Europe’, excluding banks, by the international magazine The European.
New figures show that the Principality has recorded its ninth consecutive year in the black thanks to an extremely tight economic ship.
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 […]