One in 40 worth a million in Dublin

ONE in 40 people living in Dublin is a millionaire, a new study has revealed.

The capital was ranked 10th on the list of European cities with the most millionaires per capita, with almost 32,000.

The survey revealed by Spear’s magazine and Wealth Insight showed Monaco had the highest number of millionaires — almost one in three.

Swiss banking centres Zurich and Geneva came second and third. London moved up to fifth, with one in 29 named as a millionaire.

Head of Wealth Insight Oliver Williams said Dublin had a higher density of millionaires than many other European capitals, including Paris, Madrid, Berlin and Moscow.

“Most of these have earned their wealth from the burgeoning tech scene, which has attracted talent from both Europe and the US,” he added.