1. Data
May 25, 2017

Which cities around the world have the highest density of millionaires?

In some of the world's biggest cities almost one in every 30 people you meet will be a millionaire

By Verdict Staff

While the world’s economy is facing threats like China’s economic slow down and the uncertainty of the UK’s vote to quit the European Union, the world’s richest are moving — meaning the density of millionaires around cities is changing.

Verdict, in association with GlobalData WealthInsight, has been investigating and has compiled a list of the 10 most millionaire dense cities around the world.

Millionaire density is measured as the percentage of the resident population with assets – not including the value of their first home – of over $1m.

Here are the top 10.

10. Paris

Paris has a millionaire density of 1.9 percent, meaning one in every 54 people is classed as a millionaire.

This is down on 2016 when the City of Light boasted a millionaire density of two percent.

While Paris is still one of the world’s most popular cities for the wealthy, like much of Europe, it is increasingly having to compete with up-and-coming cities in other parts of the world — most notably Asia.

Paris does however have the potential to grow its millionaire density as a result of the UK’s Brexit vote as uncertainly in London drives the wealthy away.

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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