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> All major capitals around the world have hundreds of thousands of millionaires. London alone has more than 350k. 5% of Londoners are millionaires!?
by tome 8y ago
> All major capitals around the world have hundreds of thousands of millionaires. London alone has more than 350k.
5% of Londoners are millionaires!?
- ricardobeat 8y ago3.9% since current population is 8.8m. NY is not far behind. https://www.worldatlas.com/articles/cities-boasting-the-most-millionaires-around-the-globe.html https://www.worldatlas.com/articles/cities-boasting-the-most... Bear in mind that these days having a million doesn't make you rich like it used to, or even able to retire much earlier. The line for super-rich is currently drawn at $30M, then there's only ~4.5k people who qualify in London.
- tome 8y agoI suspect house price inflation goes a long way to explaining that.