London is no longer one of the top five wealthiest cities in the world after losing a higher proportion of millionaires than anywhere other than Moscow. An annual report on global wealth says the UK’s capital has lost 11,300 dollar millionaires over the past year, including 18 centimillionaires and two billionaires. The study, conducted for the advisory firm Henley & Partners by New World Wealth, defines wealth as “liquid investable” assets, which means cash, bonds and shares but excludes property wealth. The assessment was conducted before the recent stock market falls that followed the announcement of Donald Trump’s tariffs. New World Wealth said that London, which
