London is officially one of the world’s richest cities (2024)

FAQs

What is the richest part of London? ›

If you're interested in the best neighborhood in London, Knightsbridge is known as the richest neighborhood in London. People living in one of the most expensive areas in London are known for their bling life.

A whopping 227,000 millionaires live in the UK capital, along with 370 centi-millionaires (people worth over $100 million) and 35 billionaires, making it the fifth wealthiest city in the world.

London is nearly 8 times larger than the next biggest city

This is because London is not just the capital of the UK, it is also the centre of its wealth, power and culture. London has 12.5% of the UK population (8.6 million people) – but it creates 22% of the country's Gross Domestic Product (GDP).

Population is defined as all nationals present in, or temporarily absent from a country, and aliens permanently settled in a country. This indicator shows the number of people that usually live in an area. Growth rates are the annual changes in population resulting from births, deaths and net migration during the year.

London was, unsurprisingly, rated as the fifth wealthiest city in the world (read more about that here), while Manchester (with Trafford) just made it onto the list in 50th place. As well as the millionaires, there are seven whole billionaires somewhere in Manchester.

There are many wealthy neighborhoods in London. Knightsbridge and the City of Westminster are among the wealthiest.

London, city, capital of the United Kingdom. It is among the oldest of the world's great cities—its history spanning nearly two millennia—and one of the most cosmopolitan. By far Britain's largest metropolis, it is also the country's economic, transportation, and cultural center.

The Paris population and area (105 square kilometers) are miniscule in comparison to Greater London's 7.3 million people and 1,590 square kilometers; New York City's 8 million people and 826 square kilometers; and Central Tokyo's 8.1 million people and 616 square kilometers.

What is a richest city? ›

Houston topped the ranking, with 37% of homes showing signs of these critters in the past 12 months, according to the study. H-Town is known for its heat and humidity, and Pest Gnome said roaches thrive in these conditions.

What West London has to Offer. Maybe you'll prefer to live in west London. As a rule west London is prettier, as well as richer. Take Portobello Market, which is a beautiful sight all year round.

The Colony Club in London's swanky Mayfair is jam-packed with the rich and famous every day of the week. To enjoy the bustling baccarat tables and the high-stakes private poker games players must first make a formal application to become a member.

Kensington & Chelsea is probably one of the best-known of London's luxury neighborhood with name recognition that spans the globe. Home to a royal park and palace it makes sense that this leafy area with huge mansions would be a popular destination for London celebrities - and celebrity spotters!