According to a report last year by the Centre for Cities thinktank, cities in the north of England are outpacing London and the south in terms of economic growth.
THE RICHEST CITIES IN THE WORLD
One city may be home to a large number of wealthy people for many reasons...
One place may be a great economic and financial center, or simply be so beautiful and culturally significant to the people for whom money is not an issue, so it magnetically attracts and enchants them. Also, the taxes in many cities of the world are a very important factor in this equation. Often, a mix of these factors is crucial in the choice of place of residence. As an indication of how "rich" a city is, we took into account the number of millionaires who live in one place, i.e. what is the percentage of people who are millionaires. See our list of the richest cities of the world...
10. Florence, Italy – 2.59% of millionaires
At the very beginning of our list is the Italian city of Florence, which is somewhat surprising. This place is best known for its fascinating Renaissance architecture, and it is often at the top of the list of the most beautiful cities in the world. What might attract the large number of wealthy people in this town, even tough it is not very important financial and economic center, is just that old beauty and charm that surround it. Nearly 2.6% of people living in the Italian city are millionaires.
9. Amsterdam, Netherlands - 2.62% of millionaires
Charming and picturesque Amsterdam, the capital and largest city of the Netherlands, may not look as a world metropolis. However, once this city was the epicenter of a vast trade empire controlled by the powerful Dutch navy. With this in mind, it's not a surprise that this city is home to the oldest stock exchange in the world, as well as many modern corporations like Philips, Heineken International and ING Group. Approximately 2.6% of people who live in this city, also known as Sin City, are millionaires.
8. Singapore - 2.80% of millionaires
This was perhaps the first item on this list that did not cause astonishment or surprise. Singapore is one of the leading economies of the region in which it is located and is considered one of the Four Asian Tigers, along with Hong Kong, Taiwan and South Korea. In addition to many millionaires and billionaires who made their fortunes grown locally and in other Asian countries, the low tax rate in Singapore has attracted many of the rich of the West. One of the most notable is the co-founder of Facebook, Eduardo Saverin. The entire population of the city consists of 2.8 percent of millionaires.
7. Oslo, Norway - 2.90% of millionaires
Norway is one of the most stable and best-run countries in the world. Inside there is a large amount of natural resources that certainly contributed, so many people who live in this country are wealthy. Oslo is the economic and administrative center of Norway and is often high on the list of cities that are the most expensive to live in. But still, excessive costs are not a barrier to 2.9% of the population.
6. London, United Kingdom - 3:39% of millionaires
London is without a doubt one of the best cities in the world. As an important cultural and political center, as well as a very important financial item, this city was once the capital of one of the greatest empires the world has ever seen. Even today, signs and indications of a glorious past of this city can be seen everywhere, in addition to modern buildings that display its current importance and wealth. Nearly 3.4% of people in London are millionaires.
5. Frankfurt, Germany - 3.88% of millionaires
Frankfurt is the heart of the German financial and economic system. Given the enormous and developed the German economy, the largest in the European Union, this city is one of the most important in Europe. Frankfurt is home to Germany's largest stock exchange, as well as major banks in this country, a very busy airport and the Central Bank of Europe. Not surprising is the fact that Frankfurt is the most expensive city in Germany, but also the richest. With approximately 3.9% of inhabitants being millionaires, this city is one of the richest.
4. New York, USA - 4.63% of millionaires
Among all cities on Earth, New York is most appropriate to be called the capital of the world. This city is the cultural center of extraordinary and very important financial points of light. Here is Wall Street, and that's enough. Here are the most famous monuments, some of the best universities, and entertainment venues. All together it attracts a large number of visitors - a staggering 55 million people annually. But these same elements have attracted a large number of the wealthiest people in the world, where many of them live in luxury apartments in rich skyscrapers. When taking into account the entire population of New York City, about 4.6% are millionaires.
3. Geneva, Switzerland - 17.92% of millionaires
The second most popular city of Switzerland is also its richest city. Geneva is the largest French-speaking city in Switzerland and a very important place in the world of science and diplomacy. CERN and the Large Hadron Collider are located in Geneva, as well as many international organizations such as the Red Cross and the World Trade Organization. Also, it is home to the headquarters of the United Nations and one of the most expensive streets in the world. Also, the Swiss have a reputation as brilliant bankers, and this city is by no means an exception to this rule. With all of these properties, Geneva had attracted a large number of wealthy people to the shores of Lake Geneva, so that almost 18% of the population consists of millionaires.
2. Zurich, Switzerland - 27.34% of millionaires
In many ways, Zurich is Geneva’s rival, where instead of French people speak German. Zurich is the largest and richest city of Switzerland. Although it is not known by the international political scene, is equally influential in the world of banking and finance. Swiss stock exchange is located here, along with some of the leading companies engaged in finance, such as UBS and Credit Suisse. Also, the city is home to the Swiss Federal Institute of Technology (ETH Zurich), which is considered one of the best universities in Europe and one of the best universities in the field of science and engineering. Albert Einstein attended this university a century ago. More than a quarter of the residents of this city are millionaires.
1. Monaco - 29.21% of millionaires
Monaco is a city that is designed to be super-city. About 150 years ago, this was the last place that you wouldn’t ever thought it would attract the rich and famous. But, its great location and climate, as well as various casinos, made this city-state become extremely popular. Its very low tax rate also helps a lot. Today, its many marinas and luxury housing estates are home for some of the richest people in the world, as well as their yachts. Incredibly enough, one of three residents of Monaco is a millionaire.
Read next luxury article: RIVER WHICH ESCAPED FROM PARADISE