Richest cities in Europe 2026: millionaires and tax, ranked

The richest cities in Europe.

19 cities in Europe ranked by resident millionaires on the latest published count, with what each takes of $1,000,000 on the Patrician.ch board.

In short, current to September 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 over the 10 years to 2024: Monaco (+58%), Lisbon (+40%) and Dublin (+34%). London (−12%) and Moscow (−25%) shrank.
Of the 22 addresses in Europe on the Patrician.ch board, the effective income tax on $1M runs from 0% in Monaco to 51% in Quinta do Lago.
No 2026 edition of the city count had been published as of September 2026, so the 2025 edition is the latest. Its figures are as at December 2024.

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 September 2026. Updated 27 September 2026. Cite as: Patrician.ch, Richest cities in Europe 2026: millionaires and tax, ranked, patrician.ch/answers/richest-cities-in-europe/, September 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 at that address on the Patrician.ch board.

#	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%	45%
3	Milan	115,000	182	17	+24%	45%
4	Frankfurt	80,300	132	13	+9%	not on the board
5	Zurich	77,800	180	10	+10%	37%
6	Geneva	70,200	215	14	+26%	40%
7	Munich	69,800	87	11	+17%	45%
8	Rome	51,800	83	9	+9%	45%
9	Amsterdam	46,100	93	9	+32%	not on the board
10	Madrid	34,900	72	8	+5%	43%
11	Vienna	31,500	74	7	+20%	48%
12	Moscow	30,000	178	23	−25%	not on the board
13	Berlin	28,400	50	5	+25%	not on the board
14	Nice	25,500	92	9	+18%	45%
15	Manchester	23,400	68	7	+7%	not on the board
16	Stockholm	23,100	60	11	+2%	not on the board
17	Dublin	22,300	43	5	+34%	not on the board
18	Lisbon	22,200	45	4	+40%	51%
19	Monaco	15,800	192	30	+58%	0%

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	44%
Costa del Sol	62	Marbella	45%
The Algarve	55	Quinta do Lago	51%
Zug (canton)	45	Zug	22%
Athens	42	Athens	43%
Lugano	40	Lugano	35%
Cannes and Antibes	35	Cannes	45%
Barcelona	28	Barcelona	48%
Limassol	22	Limassol	34%
Saint-Tropez	14	Saint-Tropez	45%

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.

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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.

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, 51%.

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Tax figures use a simplified marginal model with indicative 2026 brackets for a non-US single filer, ignore social contributions, most deductions, wealth taxes, and treaties, and are not advice. Residence rules change often. Verify before acting.