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London tops super-rich city list, survey shows

Published on May 11, 2014 6:55 AM
 
General view of the London city skyline. London has more billionaires than any other city in the world, and Britain has more billionaires per head of population than any other country, new data showed on Saturday. -- FILE PHOTO: AFP

LONDON (AFP) - London has more billionaires than any other city in the world, and Britain has more billionaires per head of population than any other country, new data showed on Saturday.

The survey of Britain’s super-rich compiled for the Sunday Times newspaper is likely to prompt debate in a country where many still struggle financially and where food banks are a fact of life, despite economic growth recently returning to levels not seen since the 2008 financial crash.

London is home to 72 of Britain’s 104 sterling billionaires, well ahead of Moscow in second place with 48 people worth the equivalent of 1 billion pounds or more. New York is in third place with 43 billionaires, San Francisco in fourth place with 42, Los Angeles next with 38 and Hong Kong in sixth place with 34.

Indian-born brothers Sri and Gopi Hinduja top the British list with a fortune of 11.9 billion pounds (S$25 billion), amassed through the family-owned Hinduja Group, which has interests in oil, banking, the automotive industry, property and the media.

 
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