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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
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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.

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