London beats New York as the world's leading wealth center
Getty
In ranking global cities, Knight Frank, a global real estate consultancy, looks at a variety of metrics including the number of UHNWIs , the volume of property investments and lifestyle. London beat New York in all of these metrics except for one - investment - where London comes second. Last week, data from the Office of National Statistics showed Britain had the largest number of Tier 1 Investor Visa applications since the threshold was raised to £2 million in 2014.
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