According to the “France, Italy, Germany & Switzerland Ultra Wealthy Report 2013”, published this week by global consultancy Wealth-X, Geneva is home to some 1,360 ultra-high net worth individuals (UHNWIs), giving it a density of 71 UHNWIs per 10,000 citizens.
In comparison, Berlin’s considerably larger population and smaller ultra-wealthy segment of just 990 people, gives the German capital a density of just three UHNWIs per 10,000 inhabitants.
However, the Swiss city’s UHNW population is dwarfed by Paris in absolute terms (see table).
Wealth-X estimates that the French capital is home to 2,860 ultra-wealthy individuals – defined as those “with a net worth of at least $30m [€23m] after accounting for shares in public and private companies, residential and investment properties, art collections, aircraft, cash and other assets”.
In country terms, Germany continues to dominate the ultra-wealthy scene, with 58% of the UHNW population across the four countries surveyed. Its UHNW segment – which grew by almost 1,000 people during the past year – accounts for total assets of some $2.3trn.
A copy of the France, Italy, Germany & Switzerland Ultra Wealthy Report 2013 can be downloaded from the Wealth-X website, here.
Expert Investor Europe hosted events in France, Germany, Italy and Switzerland during the first two quarters of 2013. Platinum members can see what fund selectors in these markets are thinking, by visiting The Data Centre.
Top Ten UHNW ‘FIGS’ Cities