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Monday, 1 October 2012

Most German Multi-Millionaires live in London!

My colleague Andrew Armoils at Wealth Insight sent me this data over this morning...interesting...it is part of WealthInsight’s report entitled: Germany – The Future of HNWIs to 2016: Wealth in the Powerhouse of Europe. Germany’s rich: Top 25 Cities for German multi-millionaires According to WealthInsight research, there are 11,392 multi-millionaires in Germany (each with assets of over US$30 million), the third highest number in the world, behind only the US and Japan. Frankfurt is home to the largest portion of these with 1,868 multi-millionaires. Compared to major EU cities: this is above Paris (1,500 multi-millionaires), Zurich (1,314) and Geneva (1,156), but well below London (4,220). There are also sizable German multi-millionaire populations in Munich (1,113), Hamburg (843), Düsseldorf (524), Berlin (464) and Stuttgart (382). According to WealthInsight analyst Andrew Amoils: “Germany has a relatively even spread of multi-millionaires with 10 German cities with more than 150 multi-millionaires and 5 German cities with more than 400 multi-millionaires. This differs considerably from other major EU countries (UK and France) where wealth is centered around the capital cities” “However, one should note that the top 25 German cities for multi-millionaires are all based in former West Germany.” “Leipzig is the top East German city - it has only 28 multi-millionaires.” · The number of multi-millionaires in Germany increased by 0.7% over the four year period between 2007 and 2011 (review period). ·