Richest cities in Europe 2026: millionaires and tax, ranked

The richest cities in Europe.

London is the richest city in Europe, with 215,700 resident millionaires on the latest published count. 19 cities in Europe are ranked here, with what each takes of $1,000,000 on the Patrician.ch board.

In short, current to October 2026

London is the richest city in Europe by resident millionaires, 215,700, followed by Paris (160,100), Milan (115,000) and Frankfurt (80,300).
The most billionaires: London (33), Monaco (30) and Moscow (23).
Fastest growing of the cities ranked here, over the 10 years to 2024: Monaco (+58%), Lisbon (+40%) and Dublin (+34%). London (−12%) and Moscow (−25%) shrank.
Of the 22 addresses on this page that are on the Patrician.ch board, the effective income tax on $1M runs from 0% in Monaco to 48% in Quinta do Lago.
No 2026 edition of the city count had been published as of October 2026, so the 2025 edition is the latest. Its figures are as at December 2024.

Each address on this page was last checked against its official sources between 14 October 2026 and 30 October 2026. The sources for each are named on its page.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated 5 November 2026. Cite as: Patrician.ch, Richest cities in Europe 2026: millionaires and tax, ranked, patrician.ch/answers/richest-cities-in-europe/, October 2026.

19 cities

Where the millionaires of Europe live.

Resident millionaires, residents worth $100M or more, and billionaires, with growth in the millionaire count over 10 years. The last column is the effective income tax on $1,000,000 for a single filer, on the Patrician.ch model.

#	City	Millionaires	$100M+	Billionaires	Growth, 10 years	Tax on $1M
1	London	215,700	352	33	−12%	43%
2	Paris	160,100	277	22	+5%	44%
3	Milan	115,000	182	17	+24%	45%
4	Frankfurt	80,300	132	13	+9%	45%
5	Zurich	77,800	180	10	+10%	36%
6	Geneva	70,200	215	14	+26%	40%
7	Munich	69,800	87	11	+17%	45%
8	Rome	51,800	83	9	+9%	46%
9	Amsterdam	46,100	93	9	+32%	47%
10	Madrid	34,900	72	8	+5%	43%
11	Vienna	31,500	74	7	+20%	48%
12	Moscow	30,000	178	23	−25%	20%
13	Berlin	28,400	50	5	+25%	45%
14	Nice	25,500	92	9	+18%	44%
15	Manchester	23,400	68	7	+7%	43%
16	Stockholm	23,100	60	11	+2%	49%
17	Dublin	22,300	43	5	+34%	47%
18	Lisbon	22,200	45	4	+40%	48%
19	Monaco	15,800	192	30	+58%	0%

See these 2 places for your own income.London and Paris, side by side on your income, passports and family. Free, in the ranking of all 100. Then the Dossier: a written report in 10 chapters on the 3 places that rank first for you. The Dossier is $500. The founding price, $250, holds until 30 November.

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Where the $100M residents are.

Resort and regional hubs counted for residents worth $100M or more only, with the board address inside each.

Counted as	$100M+ residents	Address on the board	Tax on $1M
Luxembourg City	70	Luxembourg	43%
Costa del Sol	62	Marbella	45%
The Algarve	55	Quinta do Lago	48%
Zug (canton)	45	Zug	21%
Athens	42	Athens	43%
Lugano	40	Lugano	35%
Cannes and Antibes	35	Cannes	44%
Barcelona	28	Barcelona	48%
Limassol	22	Limassol	34%
Saint-Tropez	14	Saint-Tropez	44%

Sources: Henley & Partners and New World Wealth, World’s Wealthiest Cities Report 2025 (resident millionaires with US$1M+ in liquid investable wealth, data as at December 2024, growth 2014 to 2024). City figures are the publisher's estimates, rounded to the nearest 100 for millionaires. Cities outside the board carry their own published scale on the same single filer basis: PwC Worldwide Tax Summaries, taxes on personal income (fetched 27 Sep 2026) · Russian Tax Code as amended by Federal Law 176-FZ (2025 scale) · Skatteverket, 2026 municipal and regional tax rates and the 2026 state income tax threshold · PwC Worldwide Tax Summaries (Irish income tax bands, fetched 27 Sep 2026) and the Finance Act 2025, section 2 (the 2026 Universal Social Charge bands). Frankfurt and Berlin pay the same income tax as Munich. Manchester pays the same income tax as London, so each carries that figure.

The world ranking: where rich people live. By region: the richest cities in the US · the richest cities in Asia and the Pacific. Where the money is moving: where millionaires are moving.

Rank all 100 on my own numbers →

Questions

The short answers.

What is the richest city in Europe?

London, with 215,700 resident millionaires, 352 residents worth $100M or more and 33 billionaires on the latest published count.

Paris is second with 160,100.

Which city in Europe has the most billionaires?

London, with 33, followed by Monaco (30) and Moscow (23).

Which cities in Europe are gaining millionaires fastest?

Monaco (+58%), Lisbon (+40%) and Dublin (+34%) over the 10 years to 2024, of the cities ranked here.

Where in Europe do the rich pay the least income tax?

Of the addresses on the Patrician.ch board, Monaco takes the least of $1M, 0% effective for a single filer, and Quinta do Lago the most, 48%.

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The richest cities in Europe.