London pushed out of top five wealthiest cities as millionaires exit

The firm's World's Wealthiest Cities Report 2025, which tracks the movements of high-net worth individuals, found that London has been pushed out of the top five by Los Angeles (220,600 millionaires), which claimed the fifth spot. London and Moscow (which ranks 40th, with 30,000 millionaires) are the only two cities in the top 50 that have recorded negative growth over the past decade, with their millionaire populations declining by 12% and 25%, respectively. The US has dominated the list, with 11 cities on the top 50 cities for millionaires list in the latest ranking, led by New York...