[QODLink]
Europe

London has the most billionaires in the world

The billionaire population in the British capital is higher than any other city, including Moscow and New York.

Last updated: 11 May 2014 00:46
Email Article
Print Article
Share article
Send Feedback
The British capital is home to 72 people with family wealth more than 1bn [AP]

London has more billionaires - in pounds sterling - than any other city around the globe, The Sunday Times has reported.

According to the newspaper's annual rich list, the British capital is home to 72 people with family wealth of more than £1bn ($1.68bn).

The majority of billionaires in London were born abroad, reflecting the appeal of the city to elite international investors, Reuters news agency said.

The second most billionaire-rich city is Moscow, which has 48, followed by New York and San Francisco with 43 and 42 billionaires respectively.

The newspaper put the combined wealth of the 104 billionaires on its list at £301bn pounds, up more than £50bn pounds since 2013.

The UK has more billionaires per head of population than any other country, followed by the US and Russia.

132

Source:
Agencies
Email Article
Print Article
Share article
Send Feedback
Featured on Al Jazeera
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
Featured
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Since she was 16-years-old, Scottish Nationalist Party's Sturgeon has strove for independence from the UK.
Armed group's ransom success with German hostages marks a re-emergence, as authorities investigate ISIL links.
Western nations are moving into the resource-rich country after decades of disinterest, challenging China's interests.