Wealth-X’s first annual ranking of the most popular UHNW European cities revealed that London is home to 5,955 individuals with a net worth of at least US$30 million each, accounting for more than half of the UK’s 10,450 ultra wealthy individuals.

Germany is home to the largest population of UHNWIs in Europe, with 15,925 UHNWIs, but its Ultra HNWI population is dispersed across various cities.

Germany also has the largest number of UHNW cities, with four of it cities making the top ten list. German cities making the top 10 include fourth ranking Munich, with 1,450 UHNWIs, Dusseldorf in sixth with 1,355 Ultras, Hamburg in seventh with 1,310 Ultra HNWIs and Frankfurt in ninth with 1,100 UHNWIs.

"While Germany has the largest population of UHNWIs in Europe, 50% more than in the UK, London hosts more UHNW individuals than Munich, Dusseldorf, Hamburg and Frankfurt combined, thanks to a favourable environment for the ultra affluent, including those who are non-domiciled," said Mykolas Rambus, CEO of Wealth-X.

The aim of this survey, says Rambus, is to enable private wealth managers, not-for-profits and luxury brands to better devise strategies to efficiently and effectively deploy sales and marketing resources to reach this much-sought-after community.

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.