Summary:
London has fallen out of the top five wealthiest cities in the world, dropping to sixth place due to a decline in millionaires over the past decade.
Full Story:
Monaco has emerged as one of the world’s wealthiest cities, displacing London from the top five for the first time. A recent report by Henley & Partners, in collaboration with New World Wealth, reveals that London lost more millionaires in the past decade than any other global center. As a result, the city now ranks sixth in terms of global wealth. Monaco, known for its exclusive lifestyle and attractive tax benefits, has seen a surge in its millionaire population and is now among the world’s most affluent cities. This shift in global wealth highlights the changing dynamics of economic power and the rise of new financial centers.
Source:
news.mc
