Monaco Boasts Highest Percentage of Millionaires in the World

World | August 2, 2014, Saturday // 16:19
Bulgaria: Monaco Boasts Highest Percentage of Millionaires in the World View of Monte Carlo. Photo by

The city-state Monaco has the highest number of millionaires, compared to any other city in the world, a new study shows.

A total of 29.21% of Monaco's population is classed in this financial bracket, according to a survey by Spear's, in association with leading wealth consultancy company WealthInsight.

Not far behind come the Swiss banking centers Zurich (27.34%) and Geneva (17.92%) in second and third place, with key financial centers New York (4.63%) and Frankfurt (3.88%) in fourth and fifth.

The ranking includes also London (3.39%), Oslo (2.90%), Singapore (2.80%) and Amsterdam (2.63%).

French capital city Paris takes the last, 20th place in the international ranking with 2.04%.

WealthInsight defines millionaires as individuals with net assets of USD 1M or more, excluding their primary residences.

We need your support so can keep delivering news and information about Bulgaria! Thank you!

World » Be a reporter: Write and send your article
Tags: Monaco, millionaires, Zurich, Geneva, London, net assets
Advertisement All Are Welcome! Join Now!
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria