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More Jam For London 1 In 35 Londoners Are Dollar Millionaires!

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London is the millionaire capital of the world, with almost 3% of the population commanding more than $1m in net assets, according to a new study.

The city’s 395,600 dollar millionaires put it top of the list compiled by Johannesburg-based wealth consultancy New World Wealth. A report last year by rival WealthInsight ranked London third behind Toyko and New York.

Hong Kong comes out on top of the list for multi-millionaires (defined as individuals with at least $10m of net assets) with 15,400 – but only ranks fifth on the millionaire list.

Andrew Amolis of New World Wealth points out that in Russia, high net worth individuals (HNWIs) account for more than 60% of total individual wealth in the country – double the worldwide average of 30%. The consultancy uses a number of sources including public director and company databases, as well as luxury goods databases focusing specifically on art, private jet, prime property and yacht buyers. It excludes primary residence, but includes other property assets.

Woohoo it's jam time.


More jam for Boris he'll be happy happy happy!

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