These Are The U.K. Towns And Cities Where The Wealthiest Live (2024)

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These Are The U.K. Towns And Cities Where The Wealthiest Live? ›

According to Henley & Partners, a wealth management company, London and Manchester are both in the top 50 cities in terms of the amount of millionaires and multimillionaires. There are more than 227,000 millionaires walking the streets of the capital, and 23,200 have found their home in the bee city.

According to Henley & Partners, a wealth management company, London and Manchester are both in the top 50 cities in terms of the amount of millionaires and multimillionaires. There are more than 227,000 millionaires walking the streets of the capital, and 23,200 have found their home in the bee city.

According to the report, London was its number one wealthiest city in the world for many years.

GDP of the UK 2022, by region

In 2022, London had a gross domestic product of over 508 billion British pounds, by far the most of any region of the United Kingdom. The region of South East England which surrounds London had the second-highest GDP in this year, at over 341 billion pounds.

London has 258,000 resident millionaires, 384 centi-millionaires, and 36 billionaires.

Windsor tops the list with over 850 millionaires followed by Weybridge with over 800 millionaires.

The study looked at house prices, commuting times, aesthetic appeal and access to quality shops, pubs and restaurants. They found Beaulieu in New Forest as the poshest place to live in the UK. But the village doesn't come cheap with the average house coming in at £1.7 million.

Hurun Research Institute. In 2024, Hurun Research Institute listed New York City with the most billionaires at 119 people, followed by London with 97 billionaires, and Mumbai in third place with 92 billionaires.

Wealth Spread Between Great Britain's Regions and Nations

The South East is the wealthiest of all regions with median household total wealth of £503,400, over twice the amount of wealth in households in the North of England.

It finds that the highest level of wealth exists in the south-east of England, with average wealth per head being £415,200 – around £195,400 more than the north's £219,750. Wealth inequality is on the rise across the nation, with the IPPR report stating the richest 10% hold almost half of all wealth.

What is the poshest county in the UK? ›

Topping the list with a perfect score is Surrey. As the most costly county on our list, the average home here runs over £600,000, making it no surprise that there are over 120 independent schools, 128 golf clubs, and 28 riding schools.

Rightmove has revealed Britain's most expensive streets for 2024, with Buckingham Gate in Westminster topping the list. Famously home to royalty, new research by the property portal found that the esteemed residential area has an average asking price of £9,633,333.

Well, if you gave a look at the regional GDP per UK region, Scotland has a GDP per person of £29,660, and England has a GDP per person of £31,967.

Collectively, Manchester (1,060), Edinburgh (420), Birmingham (310) and Bristol (340), have a fifth of London's multi-millionaire population. The centralisation of wealth in the U.K. is even worse when you look at the towns and villages with less than 30,000 people, as New World Wealth has done.

Not surprisingly, east central London, home to the financial district, the City – also known as the Square Mile – is the highest-paid postcode area across the UK, with advertised salaries topping an average of £56,497. Many bankers and lawyers get big bonuses on top of their salaries.

Property wealth

puts you in the of households in Great Britain. The top 10% of households have an average equivalised net property wealth of £480,000, while 33% of households have no property wealth.

The City of Westminster

The City of Westminster is one of the most expensive and luxurious areas of Central London. It is widely known for its iconic landmarks and grand Georgian and Regency architecture. World-famous streets like Mayfair and Belgravia are located here which infuse Westminster with an air of elegance.

The United Kingdom has a healthy and growing population of millionaires. Unsurprisingly, London is home to the majority of them, 191,000. The South East is second place with 157,000 while the East comes third with 93,000 according to the Barclays UK Prosperity Map.