This page has been archived and commenting is disabled.
There Are More Billionaires In Moscow Than In New York, But London Has The Most
If the fame and status of a major global metropolis is determined by the number of billionaire inhabitants, then Moscow has officially overtaken New York City, with the Russian capital hosting 48 billionaires compared to NYC's 43. More importantly, the number continues to rise even as economists and other so-called experts debate the reasons for society's record inequality even though the answer stares all of them in the face (at least it would if their face were facing the chart below).
But while we are confident Putin will take particular enjoyment in this specific fact (and don't worry about sanctions impacting Russia's billionaires - the banks will always find loopholes to make sure their best clients don't wire their funds elsewhere), the real story is what is going on in London, where as anyone who has tried buying an apartment flat in Mayfair will confirm, the situation is absolutely out of control, and as the Sunday Times reports as part of its annual Rich List, London now has a whopping 72 billionaires, nearly double the number residing in New York!
And it is not just London: with 104 billionaires living in the UK, and commanding a combined wealth of £301 billion, the UK has more billionaire per capita than any other country.
The increase in one year is startling, and represents an 18% jump from the 88 in 2013, as well as a 23% increase in the total wealth of the billionaire universe, up from £245 billion a year ago.
As BBC reports, "It is the first time since 2008 that the minimum wealth of the 50 richest people in the UK has exceeded £1.5bn." And you know that at least a whopping $4.99 of this will be spent on thank you notes to Bernanke, Draghi and Carney.
A fortune of £1.7 billion is now required to make the top 50 - up from £700 million 10 years ago. Aside from that though, and everything else, deflation reigns supreme...
More from the BBC on the changing compsition of the list :
New members of the list include West End producer Sir Cameron Mackintosh, who is now worth £1bn, and Jon Hunt, the founder of estate agents Foxtons who is worth £1.07bn.
The wealthiest new entry is Carrie and Francois Perrodo and their family, who own the London-based Perenco oil and gas operation and are worth an estimated £6.14bn.
Philip Beresford, who compiles the list, told the BBC "culture, financial services, nice tax regime, good education for their kids and a nice lifestyle where they meet their friends" were among the reasons billionaires were attracted to the UK.
BBC financial correspondent Andrew Verity said the increase in the number of billionaires on the list undermined the argument that making them pay more tax would drive them away."
Some other statistics:
More than half (39) of London's billionaires were born outside the UK, but overall the proportion was lower, with 44 of the 104 not born in this country.
Also, it goes without saying that as IBTimes summarizes, "the figures are likely to add to concern that though the recession may be over, the rich are reaping the greatest rewards from the recovery, with the amount of wealth in the hands of the rich list members leaping by £55.4bn in a year."
Oh well, as long as the 99% still believe the lie that the welfare state is solvent (which keeps the guillotines at bay or else the French revolution scenario becomes all too real), and more importantly that since plasma TVs are getting hedonically cheaper and the BLS can say with a straight face that there is disinflation everywhere, the theft from what little is left of the middle class will continue.
Meanwhile, the beneficiaries of this wealth transfer are the people listed below which comprise the Top 25 of the Sunday Times rich list.
- Sri and Gopi Hinduja, £11.9bn, up £1.3bn
- Alisher Usmanov, £10.65bn, down £2.65bn
- Lakshmi Mittal and family, £10.25bn, up £250m
- Len Blavatnik, £10bn, down £1bn
- Ernesto and Kirsty Bertarelli, £9.75bn, up £2.35bn
- John Fredriksen and family, £9.25bn, up £450m
- David and Simon Reuben, £9bn, up £719m
- Kirsten and Jorn Rausing, £8.8bn, up £3.69bn
- Roman Abramovich, £8.52bn, down £780m
- The Duke of Westminster, £8.5bn, up £700m
- Galen, Hilary and George Weston and family, £7.3bn, up £650m
- Charlene de Carvalho-Heineken and Michel de Carvalho, £6.36bn, down £635m
- Mohamed Bin Issa Al Jaber and family, £6.16bn, up £1.65bn
- Carrie and Francois Perrodo and family, £6.14bn, new
- German Khan, £6.08bn, new
- Sir David and Sir Frederick Barclay, £6bn, up £3.65bn
- Hans Rausing and family £5.9bn, up £1.18bn
- Nicky Oppenheimer and family, £4.57bn, up £785m
- Earl Cadogan and family, £4.2bn, up £525m
- Joseph Lau and family, £4.03bn, down £570m
- Sir Philip and Lady Green £3.88bn, no change
- Denis O'Brien, £3.85bn, up £486m
- Mike Ashley, £3.75bn, up £1.45bn
- Sir Richard Branson and family, £3.6bn, up £86m
- Idan Ofer, £3.43bn, new
»
- 10556 reads
- Printer-friendly version
- Send to friend
- advertisements -
Pushilin says after tonight all Ukrainian troops in the region are "illegal occupiers" says Interfax
So... will Russia come in and help wipe out the occupiers?
UKRAINE #BREAKING - DONETSK SEPARATIST'S LYAGIN SAYS 89.07% VOTE FOR INDEPENDENCE, 10.19% AGAINST IN FINAL RESULT
CNN places Eastern Ukraine into Pakistan
https://t.co/duw3jfnbSl
I bet not one of these dumbass CNN viewers even noticed.
< Putin will invade
< Putin will wait patiently and watch the Ukraine situation deteriorate until the Nationalists/Facists/NeoNazis/IMF Banksters are eventually killed by their own countrymen
Anyone who thinks there are not Russian soldiers in Ukraine right now is foolish.
Here... let me help you...
"Anyone who thinks there are not CIA assets and American mercenaries in Ukraine right now is foolish."
anyone who thinks zerohedge is not infested with putin shills is brain dead. new york and moscow will both have zero billionaires after the nuclear war which is coming.
Let's see...
London now has a whopping 72 billionaires, nearly double the number residing in New York!
so is this to say the BE will be twice as likely to be participating (in Soro's words, oligarchy participating) after Russia?
hummmmmm.
Billionairs in the US have options. Boston, Fairfield County, Palm Beach, Omah, Dallas, LA, Seattle.
Russia, no so much.
aminorex anyone who thinks zerohedge is not infested with putin shills is brain dead. new york and moscow will both have zero billionaires after the nuclear war which is coming.
---
So who is most likely to escape such a situation? Is it the commoner, the average citizen with less mobility? Or is it the billionaire that is more likely to have a private jet?
That's why they fear deflation.
They may have a lot of money and power, but they dont have the peace of mind that comes with being a debt slave.
The former's "worth" is the latter's debt.
Turn it into real assets or it means nothing.
Who would want to live in New York?
Wait are these people on the forbes top 100 richest people list. When did we get so many billionaires? I thought there were only a dozen or two.
Oh good. When we get them all corraled, encircle the place with concertina wire, cut off the utilities, and station 24-hour guard around the perimeter. Nothing in, nothing out. Let nature take its course.
In 25 years, you go in. If they are thriving, then everyone will know they truly ARE the 'makers'.
Wishful thinking, I know. But it WOULD be interesting to be among that first group to go in...
You cant take it with you.
goldhedge You cant take it with you.
---
And neither can I or you.
The weather in Moscow is holding down their number.
Screw the Brits, Amerika has Trailer Parks and White Trash. wait till Black Friday , now Brits don;t have that do they. Will fight for towels at WMT,
USSA USSA USSA , Number 1
Funny I don't see Queeny on their? I mean if the poor old Duke of Westminster can make the hit list after all of the property booms we've had over here @ 8.5 then being queen, head of state and ruler of commonwealth has got 2 b a tick or 2 above? In days gone by, lordy folk seeming to be wealthier than head of country would put you right on que for the guillotine.
And no mention of the Red Shields being far above the rest of them, as per usual
This one sounds like a bad ass: He might want to help. German Khan, £6.08bn, new
Get to work Mr. Chairman!
Robbie Robertson - Somewhere Down The Crazy River
http://www.youtube.com/watch?v=4KP9PNSUME4 (4:51)
London would have to top this list, they have been stealing anything that wasn't nailed down for hundreds of years.
Silver bitches
when the day comes, it will be a doozy.
I bet most of London billionaires are from Moscow.
Regarding the methodology, are we double counting the Russian Oligarchs who have dachas in London?
I agree that the excess number of Londoners with Billion Dollar assets are mostly Russian oligarchs.
By the way, Russians, how do you feel about that? Putin is not going after these kleptocrats and embezzlers...is that disturbing your worship of this greatest, littlest Princess named Putin?
And why, dear Russians, would you ever want your neighbor cousins, the Ukrainians, saddled with your own out of control, corrupt system? What kind of love is that?
I am not a Putin supporter. But you are clearly a victim from the way you post.
<<London now has a whopping 72 billionaires, nearly double the number residing in New York!>>
God, Tyler, will tell your idiot contributors to stop using that sophmoric word "whopping?" It seems to pop up on every other article on ZH these days.
Does this prove that zionism is run from the UK?
By Zionists, aye. And the English people are becoming more like Palestinians every day.
Targeting Solutions:
Moscow, New York, London, Caymen Islands, Bern, Tel Aviv,
More to follow
Surely this is further proof that Putin is the noble crusader against the NWO worldwide oligarchy...