London is the top destination for Ultra High Net Worth Individuals (UHNWI) in Europe, with 67 of the world’s 2,170 billionaires choosing to live in the capital.
According to research, the average billionaire is worth £1.79 billion, has more than £350 million cash in the bank and has four luxury homes. Paris is home to 25 billionaires while tax haven Geneva has 18 UHNW residents.
Sixty per cent of billionaires are self-made, with 20 per cent having inherited wealth and 20 per cent having part-inherited, part-made fortunes.
What’s more, it’s been revealed that they’ll never spend less than £10 million on a house in London unless it is for a servant!
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