Monaco Boasts Highest Percentage of Millionaires in the World

World | August 2, 2014, Saturday // 16:19|  views

View of Monte Carlo. Photo by

The city-state Monaco has the highest number of millionaires, compared to any other city in the world, a new study shows.

A total of 29.21% of Monaco's population is classed in this financial bracket, according to a survey by Spear's, in association with leading wealth consultancy company WealthInsight.

Not far behind come the Swiss banking centers Zurich (27.34%) and Geneva (17.92%) in second and third place, with key financial centers New York (4.63%) and Frankfurt (3.88%) in fourth and fifth.

The ranking includes also London (3.39%), Oslo (2.90%), Singapore (2.80%) and Amsterdam (2.63%).

French capital city Paris takes the last, 20th place in the international ranking with 2.04%.

WealthInsight defines millionaires as individuals with net assets of USD 1M or more, excluding their primary residences.

We need your support so can keep delivering news and information about Bulgaria! Thank you!

Tags: Monaco, millionaires, Zurich, Geneva, London, net assets


» Related Articles: