London has the most millionaire CEOs of any city in the world, according to new data compiled by Compelo and Wealth Insight.

Compelo has identified where the world’s wealthy CEOs live to find hotspots of wealth creation.

Unsurprisingly, big financial centres in the USA and Europe dominate the list, with only one Asian hub making the top ten.

According to the report: “Nearly half ― 48% ― of all millionaire CEOs reside in the US. This is followed by the UK and France, with 8% and 4% respectively.”

The average millionaire CEO is a 58-year-old male with a wealth ranging between $5 million and $30 million, according to Compelo, and 50% of them are self-made.

Compelo and Wealth Insight have ranked cities by the overall proportion of the world's millionaire CEOs that live there. If a city has a score of 1%, it means that 1% of all millionaire bosses in the world reside in the city.

Check out the list below:


T=8. Chicago: 0.7% — As one of the USA's financial hubs, Chicago attracts bankers and traders. The city is famed for its role at the very heart of global commodity trading.

Foto: source Tupungato/Shutterstock

T=8. Paris: 0.7% — France's capital is one of the EU's key financial centres, home to the headquarters of BNP Paribas, Credit Agricole, and Societe Generale, three of Europe's 10 biggest banks. There are many more smaller finance firms based in the city too, with wealthy CEOs.

Foto: The financial district of La Defense is seen at dusk near Paris, France, January 5, 2017. source REUTERS/Christian Hartmann

T=5. Boston: 0.8% — Often in the shadow of its bigger neighbour New York, Boston's economy generates close to $360 billion per year, making it the sixth biggest city economy in the USA. It is a centre for biotechnology and home to universities like Harvard, M.I.T., Tufts, and the University of Boston.

Foto: source Galiptynutz/Shutterstock

T=5. Houston: 0.8% — Oil and finance dominate in the Texan city of Houston. It is home to some of the world's biggest oil and gas firms, including the likes of Phillips 66 and Halilburton.

Foto: source Flickr

T=5. Los Angeles: 0.8% — Renowned for its role at the centre of the movie industry, LA also has a booming financial sector and increasingly attracts tech companies. Snapchat, which recently had its IPO, is based in Venice Beach, a district of the city.

Foto: source Andrew Zarivny/Shutterstock

4. Singapore: 1.0% — The island nation has one of Asia's most important financial centres, as well as being an enormous port, dealing with one-fifth of all the world's shipping containers every year.

Foto: A street in Singapore. source Jirka Matousek/Flickr

3. New York: 2.1% — Wall Street is king when it comes to global finance, and that is reflected in New York's position close to the top of this list. Several of the most renowned global investment banks have their headquarters in the city.

Foto: Fireworks go off as the new year is rung in in Times Square on January 1, 2016 in New York City. source Andrew Burton/Getty Images

2. San Francisco: 2.6% — Tech is king in San Francisco, with Facebook, Google and Uber all located within a small distance of the city. While tech appears to beat finance, Compelo says that the tech sector's millionaire CEOs have the lowest earnings of any sector on average. "CEOs working in tech and telecoms have an average wealth between $1 million and $5 million," Compelo says.

Foto: source Shutterstock/holbox

1. London: 2.9% — Regardless of Britain's vote to leave the European Union, London still remains a global financial centre and the centre for much of the UK's economy. Bankers, hedge fund managers, and the bosses of FTSE 100 and 250 businesses account for much of the CEO wealth. Compelo highlights Virgin boss Richard Branson as London's most famous millionaire CEO (although he spends much of his time on his private island, Necker.)

Foto: source REUTERS/Russell Boyce