London Is Losing Its Millionaires
29th April 2025
The British capital has seen more than 30,000 millionaires vanish over the past 10 years.
It has now dropped out of the top 5 cities for millionaires around the world, with New York, the Bay Area, Tokyo, Singapore, and Los Angeles all ranking higher, according to a report commissioned by Henley and Partners, a United Kingdom-based investment migration consultancy.
The firm found that London had lost 11,300 dollar millionaires in just 12 months, including 18 individuals with a net worth of $100 million or more, and two billionaires.
London, which now has 215,700 millionaires, is one of only two cities in the top 50 — the other being the heavily sanctioned capital of Russia, Moscow—that has fewer rich individuals than a decade ago.
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