Saturday 24 September 2016

One in 40 people living in Dublin is a millionaire

Catherine Devine

Published 29/07/2016 | 02:30

Dublin was ranked 10th on the list of European cities with the most millionaires per capita, with almost 32,000 millionaires living in the capital.
Dublin was ranked 10th on the list of European cities with the most millionaires per capita, with almost 32,000 millionaires living in the capital.

One in 40 people living in Dublin is a millionaire, a new study has revealed.

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The capital was ranked 10th on the list of European cities with the most millionaires per capita, with almost 32,000 millionaires living in Dublin.

The survey by Spear's magazine and Wealth Insight shows that Monaco has the highest amount of millionaires - with almost one in three classed as a millionaire.

Swiss banking centres Zurich and Geneva came second and third respectively. London has moved up in the rankings to fifth, with one in 29 people named as millionaires.

Oliver Williams, of Wealth Insight, said Dublin had a higher density of millionaires than many other European capitals - including Paris, Madrid, Berlin and Moscow.

"Most of these have earned their wealth from Dublin's burgeoning tech scene."

Irish Independent

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