In fact, consultancy WealthInsight previously found the astonishing revelation that one in 29 Londoners is a millionaire, which placed the UK capital fifth in a rundown of the ten cities with the highest number of millionaires.Having commended Monaco for coming out on top, Oliver Williams of WealthInsight, said: Londons financial strength has also seen it rise through the rankings; it now boasts more millionaires per head than Frankfurt despite being the second most populous city on the list after New York. Building on that, salary benchmarking site Emolument tracked the pay of banking professionals to determine the most popular areas to live in. Seemingly, West London is favoured by the wealthiest professionals, with Kensington, Holland Park, Maida Vale and Hampstead named as prime spots.
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