Symbols of Success
London is often seen as an escalator region i.e. it has a net inflow of educated people in their early 20’s who come to the region to establish themselves in their careers. London’s success as a leading global city is also evident by the surge in wealth of the city’s residents.
London has more millionaire households than other region in the UK
35% increase in earnings in the last 10 years
40% of those earning £50k+ live in London
64% increase in the number of people earning £500k or more since 2004
London attracts the superrich. Of the 23 billionaires who live in the Capital, 11 are foreign born
London currently has a GDP equivalent to that of Switzerland
