People have long decided that London will become his home, alarped his multicultural society, world -class education, stunning natural landscapes and rich cultural heritage. However, the new report shows that many of the richest inhabitants of the city are now heading in the opposite direction, especially the cities in the United States or Asia.
According to the annual report of the richest cities in the world from Henley and partners, published on Wednesday, London left at least $ 11,300 millionaires in 2024, driven by high taxes, persistent effects of the financial crisis in 2008 and Brexit -related uncertainties.
London now has $ 2.15,700 millionaires, from 2.27,000 in 2023.
“Capital profits tax, the Great Britain’s property rates among the highest”
According to AFP Andrew Amoil, the head of research in New World Wealth, he said that the “growing dominance” of the United States and Asia in technology “caused several rich technology entrepreneurs in the UK to reconsider their base… Brexit probably had a deteriorating effect.”
He added that the tax rates of capital profits and property prices in the UK are “among the highest in the world that discourages the wealthy owners of businesses and pensioners of living there”.
He also quoted the “shrinking meaning” of the London Stock Exchange now holding 11th place in the world of market capitalization, and the rise of nearby financial nodes like Frankfurt and Dubai.
Tax advisors revealed that some people were moving to countries such as Portugal, Greece, Spain, the United Arab Emirates and Italy, where taxes are not high or people can pay a fixed annual fee to prevent them from preventing them.
Asia and America are growing when it comes to residents of millionaires.
San Francisco Bay has witnessed an incredible 98 % increase in the population of millionaires, while Singapore in Asia recorded a 62 % increase in millionaires.
Since 2014, the London millionaire population has fallen by 12 percent, while Moscow, the only other city in the TOP 50, recorded a 25 % decline.
Since 2014, Paris has recorded a 5 % increase in the population of millionaires, while the San Francisco Bay area also increased by 98 percent and Singapore with a growth of 62 % millionaire. Especially with 3,84,500 millionaires, New York City belongs to the top.
(Tagstotranslate) london
