Portugal was one of the countries elected by those who decided to leave the United Kingdom
About 11,300 millionaires left London in 2024, mostly for tax reasons and the UK’s self -execution of the European Union, according to a survey by two investment consultants, who headed in The Times.
Portugal was one of the countries elected by those who decided to leave the United Kingdom, along with St. Kitts and Nevis, Spain, United Arab Emirates and Italy.
The quantification of these wealth holders is made from the possession of assets, not real estate assets, with a minimum value of one million dollars, according to the authors of the survey, Henley & Partners and New World Wealth.
In the count made, London counts 215,700 millionaire, below 227 thousand of 2023, which now puts the British capital below Los Angeles, which has 220,600.
This reduction of millionaires in London has been a decade since a decade, which is attributed to tax climbs, the consequences of the 2008 crisis and the departure of the European Union.
In addition to London, whose total millionaires decreased 12% since 2014, Moscow is the only city of the 50 considered to lose elements of this rich population, which shrunk 25%.
The list is led by New York, with 384,500 millionaires, followed by San Francisco (342,400), Tokyo (292,300) and Singapore (242,400), to which Los Angeles and London follow.
Top 10 also includes Paris (160,100), Hong Kong (154,900), Sydney (152,900) and Chicago (127,100).
In San Francisco this population of rich almost doubled (98%) in 10 years.
Andrew Amiols of the New World Wealth said the “growing domain” of the US and Asia in technology led several sector millionaires in the UK “to reconsider its base.”
Other factors he mentioned to explain the British case included Brexit, the added value and inheritance tax, and the decline of the Londrina bag for Frankfurt and Dubai.
