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 Minister of State Pierre Dartout and several members of his family have tested positive for Covid-19 after returning from vacation in the Alps.
Sustainable luxury brand Marli Dresses has formed a partnership with former Guess model and Monaco socialite Victoria Silvstedt, creating a new line called the Wild Life Collection.
Monaco has signed a bilateral tax agreement with the UAE to prevent tax evasion and eliminate double income tax, an historic moment that was witnessed by the Princes of both States.
During his annual address to the press, National Council President Stéphane Valeri was optimistic for 2022, saying "there are reasons to hope that we can get back to a quasi-normal life.”
Prince Albert has chaired the first meeting of his new Cabinet headed by Laurent Anselmi at the Prince's Palace, unprecedentedly made up of half women, half men.
The days of the grotty Beausoleil rest stop are coming to a close on the A8, where renovations will transform underutilised space and offer high-end amenities.
Ambassador for Belgium Isabelle Berro-Amadeï has been selected to replace Laurent Anselmi as Minister for Foreign Affairs and Cooperation, as Anselmi takes over as Prince Albert II’s Cabinet Head.
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MV Agusta and champion Italian motorcycle racer Virginio Ferrari have launched the Monaco Design Studio, specialising in the design of unique, one-off models.
Despite its best efforts to push ahead, organisers have been forced to cancel this year’s Monaco Yacht Show, the most prestigious event on the global yachting calendar.
