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!

For more information click the source below:

Daily Mail

 

 

About the author

Nicolas Holmes

Nick joined Robert Holmes to inject fresh ideas and help grow the New Homes department of Robert Holmes as well as helping to inject technology into the business and to grow its client base. Together with one of the Directors Nick is in charge of all Development opportunities that Robert Holmes deals with along with sales. Aged 40, he provides succession together with the two existing directors. Nick has always been focused on building client relationships and sales. He built up his own gallery in Chelsea, where he had a loyal following of customers and artists.

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