Bringing you live news and features since 2006 

Monaco tops list of cities with most millionaires per capita


Perhaps unsurprisingly, Monaco – the city-state renowned as the premier playground of the rich and famous – has come top in a league table of cities with the highest percentage of millionaires per head of population.

In a follow up to survey from 2014 carried out by Spear’s Magazine and WealthInsight, the latest research shows that sovereign city-state Monaco still has the highest percentage of millionaires with almost one-in-three inhabitants classed as a millionaire.
Not too far behind Monaco are Swiss banking centres Zurich and Geneva in second and third place. New York is named as the top North American city and fourth overall with almost one-in-twenty one people named as millionaires.
London moves up one-in-the ranking to fifth overall with one-in-twenty nine inhabitants named as millionaires.
WealthInsight’s Oliver Williams says: “Monaco continues to add more millionaires per head of its population than anywhere else: It has seen its density go up by 6 per cent since the last ranking two years ago. Such is the escalating exclusivity of the Principality that only the ultra-wealthy are able to lay hands on Monegasque passports."
“London’s financial strength has also seen it rise through the rankings; it now boasts more millionaires per head than Frankfurt despite being the second most populous city on the list after New York."  
“It’s interesting to note that, although seven European cities make up the top 10, less than half of them are in the European Union. Zurich and Geneva, however, have both seen a fall in their millionaire densities as outside pressures exert themselves on the Swiss private banking industry.”  

Latest News

BlackRock's iShares, an undisputed leader among European ETF issuers, pushed further ahead in Q1 with EUR173 billion in trades, triple..
European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs’ share of the US ETF market rose to 8.5 per cent at the...
Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by