Monday, 17 September 2012

Britain's richest flock to Scotland but shun Birmingham | Money | The Guardian

Britain's richest flock to Scotland but shun Birmingham | Money | The Guardian


Aerial view of Birmingham

Birmingham is the second most populous city in the UK, but is only home to 130 multimillionaires, a recent survey found. Photograph: David Goddard/Getty Images.
 
 
More multimillionaires live in London than in the whole of France, according to a survey of the UK's super rich.
Of Britain's 10,100 multimillionaires – who have a combined wealth of £690bn – 4,220 live in the capital. That is 420 more than France. Manchester has the highest number of "ultra-high net worth individuals" outside London, with 170, followed by Glasgow with 158 and Edinburgh with 134, according to research firm Wealthinsight.
Ken McEwan of solicitors and estate agents McEwan Fraser Legal said he was not surprised by Glasgow and Edinburgh's popularity with the super rich. His firm is handling the sales of multi-million-pound properties owned by the former Rangers footballers Allan McGregor and Kenny Miller, but many of Scotland's rich work in banking and investment.

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