London is the billionaire capital of Western Europe, with the highest number of “ultra-high-net worth individuals”.
Research has shown that billionaires are flocking to London – with more choosing to reside in the UK capital than in Paris and tax haven Geneva combined.
The super-rich are snapping up properties in London, with figures showing they favour large family homes, are usually married and have an average of 2.1 children. Some 67 billionaires have chosen either a mansion in the “platinum triangle” formed by Mayfair, Knightsbridge and Belgravia, or alternatively a palatial residence in leafy St John’s Wood or Regents Park.
There are more than 2,170 billionaires around the world, with their combined net worth up from £1.85 trillion to £3.88 trillion.
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