November 22, 2011

Top 10 Super Rich European Cities

Wealth-X finds ultra affluent concentrated in the wealthiest countries

The Wealth-X HNW study confrims why these Brits are so happy. (Photo: AP) The Wealth-X HNW study confrims why these Brits are so happy. (Photo: AP)

Despite the recent debt crisis and austerity striking Europe, there are still plenty of super wealthy people out there. These cities in Europe’s rich economies dominate the Top 10 list of ultra wealthy residents, according to a report released Tuesday by Wealth-X.

Germany is home to 15,925 individuals with a net worth of at least $30 million each, the largest population of ultra-affluent people in Europe. These are largely dispersed among four cities. In contrast, the U.K.’s population of ultra-wealthy, though 50% smaller, is concentrated in the London area.

The new report is Wealth-X’s first ranking of European cities most popular with ultra-high-net-worth people. Mykolas Rambus, the firm’s chief executive, said in a statement that the ranking would “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."

Las Ventas Bullring and statue, Madrid10) MADRID

Number HNWs in City: 1,060

Country’s Rank: 6

Romerberg Square, Frankfurt9) FRANKFURT

Number HNWs in City: 1,100

Country’s Rank: 1

Augustus' statue in Rome8) ROME

Number HNWs in City: 1,140

Country’s Rank: 5

Hamburg river front7) HAMBURG

Number HNWs in City: 1,310

Country’s Rank: 1

Tower clock, Dusseldorf6) DÜSSELDORF

Number HNWs in City: 1,335

Country’s Rank: 1

Geneva from above5) GENEVA

Number HNWs in City: 1,335

Country’s Rank: 3

Octoberfest in Munich4) MUNICH

Number HNWs in City: 1,450

Country’s Rank: 1

Downtown Zurich3) ZURICH

Number HNWs in City: 1,775

Country’s Rank: 3

Arc de Triomphe at night, Paris 2) PARIS

Number HNWs in City: 2,820

Country’s Rank: 4

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