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Article: BILLIONAIRES UNITED; New York insists it has the biggest number of dollar billionaires. But new research by the Standard reveals that London attracts more of the world's wealthiest people. We analyse why the rich make it their number one home.
- Article from:
- The Evening Standard (London, England)
- Article date:
- January 21, 2005
CopyrightCOPYRIGHT 2005 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: CHRIS BLACKHURST
MORE dollar billionaires live in London than in any other city in the world. It has 44 members of the superrich, compared with New York's 34 and Moscow's 21.
Other major centres in the world, like Los Angeles, Paris, Hong Kong and Tokyo, trail a long way behind.
Each year, Forbes, the business magazine that surveys the wealthiest people in the US, trumpets the number of dollar billionaires based in New York.
But research by the Evening Standard reveals it should be London that deserves the plaudits as the number-one destination for the world's richest people. Obviously, the favourable exchange rate has helped, ...