May you be a millionaire or just a random businessman, if you are worth your salt to invest a good life in Europe, you definitely can, even if you are an Asian.
Johannesburg's New World Health says Europe has long been a nest for the super-rich and the Europe Wealth Report 2015 has proven so. The report shows that a European has a total wealth assets of $86,000. As per Forbes "net assets" or "wealth assets" refers to the net value of properties less liabilities. An individual's primary residences are excluded, the source added.
The report also reveals that European continent has reached a total individual wealth of $51 trillion. About 3.9 million millionaires are living in Europe with $19.6 trillion combined wealth holdings. As per records in 2015, there were 127,000 multi-millionaires, also dubbed as "High Net Worth Individuals," residing in Europe alone. There were also 13 million HNWIs around the world with overall net wealth amounting to $67 trillion. Surprisingly, there were 509,000 multi-millionaires in the world then at the latter part of 2015.
As of the moment, Forbes did not elaborate more on the recent total number of multi-millionaires on the planet.
Meanwhile, the source expounded on who can really afford to live in London. According to Contributing Writer Rani Singh, the local multi-millionaires in Europe include all people who are currently living or working in the continent, and this includes the expats. However, this report does not include Turkey, Russia, and Commonwealth of Independent States, not even countries like Greece as they are reportedly unstable.
On the other note, Forbes showcases a photo of French Actor Alain Delon's Ferrari 250 GT SWB California spider at the Paris Retromobile Car Show in 2015. Taken on Feb. 3 of last year, the photo depicts a picture of a super-rich European.
Yet, who else can afford the lifestyle in London?
Head of Research for New World Wealth, Andrew Amoils, reveals that Indian and Chinese millionaires are worth their salt in buying into residential properties in Europe for past a decade already. He added that London, specifically, is the hotspot for residential investments, particularly in Knightsbridge, Belgravia, Hampstead, Richmond, Geneva, Paris, and U.K. university towns like Henley, Warwick, Cambridge, Durham and Oxford.
Furthermore, Amoils also relates the relationship between Europe and Asia.
"Several European based wealth managers and family offices are expanding their presence in Asia, particularly in Singapore and Hong Kong. Swiss made luxury watches such as Patek Philippe, Breguet and Ulysse Nardin were big sellers in Asia between 2000 and 2013. However, demand since then has fallen due to a crackdown on corporate gifts in China," Amoils added.
