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London Tax Haven Has More Billionaires Than Any Other City In World

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http://www.bbc.co.uk/news/uk-27360032

The number of billionaires living in the UK has risen to more than 100 for the first time, according to the 2014 Sunday Times Rich List.

There are now 104 billionaires based in the UK with a combined wealth of more than £301bn, the list says.

That means the UK has more billionaires per head of population than any other country.

London has more billionaires than any other city in the world with 72 - far ahead of nearest rival Moscow with 48.

Viva Austeriteh!

Viva the London real estate asset class!

Viva Boris!

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.Top 25

  1. Sri and Gopi Hinduja, £11.9bn, up £1.3bn
  2. Alisher Usmanov, £10.65bn, down £2.65bn
  3. Lakshmi Mittal and family, £10.25bn, up £250m
  4. Len Blavatnik, £10bn, down £1bn
  5. Ernesto and Kirsty Bertarelli, £9.75bn, up £2.35bn
  6. John Fredriksen and family, £9.25bn, up £450m
  7. David and Simon Reuben, £9bn, up £719m
  8. Kirsten and Jorn Rausing, £8.8bn, up £3.69bn
  9. Roman Abramovich, £8.52bn, down £780m
  10. The Duke of Westminster, £8.5bn, up £700m
  11. Galen, Hilary and George Weston and family, £7.3bn, up £650m
  12. Charlene de Carvalho-Heineken and Michel de Carvalho, £6.36bn, down £635m
  13. Mohamed Bin Issa Al Jaber and family, £6.16bn, up £1.65bn
  14. Carrie and Francois Perrodo and family, £6.14bn, new
  15. German Khan, £6.08bn, new
  16. Sir David and Sir Frederick Barclay, £6bn, up £3.65bn
  17. Hans Rausing and family £5.9bn, up £1.18bn
  18. Nicky Oppenheimer and family, £4.57bn, up £785m
  19. Earl Cadogan and family, £4.2bn, up £525m
  20. Joseph Lau and family, £4.03bn, down £570m
  21. Sir Philip and Lady Green £3.88bn, no change
  22. Denis O'Brien, £3.85bn, up £486m
  23. Mike Ashley, £3.75bn, up £1.45bn
  24. Sir Richard Branson and family, £3.6bn, up £86m
  25. Idan Ofer, £3.43bn, new

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I've always found billionaires terrifying.

Has to be something very wrong with a person who has that much yet continues to gobble more.

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^Dr Evil Ransom

Ian Fleming was onto something with James Bond. All villains are power hungry, wealthy, and obsessed with World Domination!

^Jaguar advert, look at those "losers" on the bus, as we overtake in our Jag and helicopter!

Edited by 200p

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They're ten a penny these days - and they all live in a London with no traffic jams and only one London bus :lol:

Edited by billybong

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Billionaires are happy with low interest rates. If you get an income with a million a month with a yield from 1% of the value of the assets, then that's pretty comfortable. Low yields force billionaires to acquire more and more assets, until everything is under their control.

Edited by 200p

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Off topic but next to that Jaguar F type video was the Kia K900 clone. As advertised by Laurence Fishburne from the Matrix. I don't believe this funny advert was aired in the UK.

Edited by 200p

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Off topic but next to that Jaguar F type video was the Kia K900 clone. As advertised by Laurence Fishburne from the Matrix. I don't believe this funny advert was aired in the UK.

aren't kia korean?

https://www.google.com/url?q=http://www.youtube.com/watch%3Fv%3DCH1XGdu-hzQ&sa=U&ei=-49vU67DN4b_PMm3gKAE&ved=0CC8QtwIwAQ&usg=AFQjCNELzQV1jBrqsEi0h8JBsMhMBuQzIg

this is what luxury sounds like!!! :D:D

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Because you need to include the assets that have been put in other people's names to get the real total.

Looking at you Bernie

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The world got smaller. The big pond has shrunk into the small pond. You've got to be the big fish in the small pond.....

Adopt the billionaire mindset if you want to own a home, rent a place that is decent, to have a job, to a right to LIVE.

d.jpg

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http://www.bbc.co.uk/news/uk-27459621

Britain's richest people are wealthier than ever before, with a combined fortune of almost £520bn, according to the Sunday Times Rich List.

The total wealth of the richest 1,000 individuals, couples or families jumped 15% in a year, the survey said.

Wealth expert Philip Beresford, who compiled the list, said he had never before seen such a "phenomenal" rise in personal fortune.

Tycoons the Hinduja brothers were top with a joint fortune of £11.9bn.

Srichand and Gopichand Hinduja replace Arsenal FC shareholder Alisher Usmanov at the top of the annual list.

Mr Beresford said: "The richest people in Britain have had an astonishing year. While some may criticise them, many of these people are at the heart of the economy and their success brings more jobs and more wealth for the country."

The total figure for the Rich List is equivalent to a third of the UK's gross domestic product

1,000 people with £520bn.

Equivalent to c. 1/2 the UK's total debt (excl. the £375bn held by the BoE).

Debt really does = wealth.

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Debt is a tool that the rich use. So far this tool hasn't been broken. I guess it can be a scary tool, like a chain saw but once mastered the rich have the forests all to themselves. Check out good debt and bad debt. I don't like debt personally.

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Sounds like they just need a little HPC, followed by natural HPI. Not at risk of a discontinuity. Obsession sets prices. What has been in the past will always be in the future. If you get it wrong in buying and prices continue to fall, then you can't be made to feel foolish, so taxpayer to the bailout, but it won't happen thanks to obsession, core voters, and wage inflation.

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In April, officials announced that the budget would be short £125m a year by 2019. “What went wrong?” asked the Jersey Evening Post. And that was just the start of it. By June, the annual deficit – now known on the island as the “black hole” – had been revised upwards to £145m, more than £1 in every five that the government spends. “The black hole is so big,” according to Connect, a Jersey business magazine, that “filling it will take the equivalent of shutting down every school in the island, laying off every teacher, letting the parks turn into overgrown jungles and having our roads literally fall apart.”

Lol if you invite a new population to an island that tends to ahem minimise tax, the administrators of the island THEMSELVES will eventually have a problem with tax.. That's the irony of life.

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In April, officials announced that the budget would be short £125m a year by 2019. “What went wrong?” asked the Jersey Evening Post. And that was just the start of it. By June, the annual deficit – now known on the island as the “black hole” – had been revised upwards to £145m, more than £1 in every five that the government spends. “The black hole is so big,” according to Connect, a Jersey business magazine, that “filling it will take the equivalent of shutting down every school in the island, laying off every teacher, letting the parks turn into overgrown jungles and having our roads literally fall apart.”

Lol if you invite a new population to an island that tends to ahem minimise tax, the administrators of the island THEMSELVES will eventually have a problem with tax.. That's the irony of life.

Sounds like they just need a little HPC, followed by natural HPI. Not at risk of a discontinuity. Obsession sets prices. What has been in the past will always be in the future. If you get it wrong in buying and prices continue to fall, then you can't be made to feel foolish, so taxpayer to the bailout, but it won't happen thanks to obsession, core voters, and wage inflation.

Good read.

I think it deserves it's own thread, how often do we see tax havens in trouble?

Edit: Done - here

http://www.housepricecrash.co.uk/forum/index.php?/topic/207539-the-fall-of-jersey-how-a-tax-haven-goes-bust-l145-million-black-hole/?p=1102842343

Edited by Saving For a Space Ship

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