London has more dollar millionaires than New York

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One in 10 Londoners hold assets worth more than £720,000 as Covid crisis makes the rich richer

London has overtaken New York as home to the highest concentration of dollar millionaires in the world, according to a report that reveals how much money the very richest people in the world have made during the coronavirus pandemic.

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Nearly 875,000 Londoners are dollar millionaires (denoting assets worth more than £720,000), according to an annual study of the fortunes of the world’s wealthiest people by the property consultants Knight Frank.

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