London or Oslo: Young billionaires want to live in this EU city most

According to Forbes’ rich list, an unprecedented 2,755 billionaires feature on 2021’s billionaire’s list with a ​record-breaking new billionaire created every 17 hours, on average. But with endless possibilities for places to live, which of the world’s cities are most attractive to the youngest of this year’s billionaires? 

The investment experts at money.co.uk analysed Forbes’ Real Time Billionaires list for all billionaires under the age of 40 and their current cities of residence.

Spanning five of the seven continents, only 18 countries are home to billionaires under the age of 40 – and, according to Forbes, there are currently just 89 billionaires under 40 in the world.

We really hope you find this release useful. If you use any of the data, please provide a link to https://www.money.co.uk/share-dealing.htm who commissioned this study. For more information, please see the attached Excel document. 

Europe’s cities and young billionaires 

City	Young billionaires in 2018	Young billionaires in 2021	Change in number of young billionaires 2018-2021
#1 – London, United Kingdom	0	5	+5
#2 – Billund, Denmark	0	1	+1
#2 – Copenhagen, Denmark	0	1	+1
#2 – Helsinki, Finland	0	1	+1
#2 – Haderslev, Denmark	0	1	+1
#3 – Oslo, Norway	2	2	0
#3 – Kverva, Norway	1	1	0
#3 – Wollerau, Switzerland	1	1	0
#4 – Monaco, Monaco	1	0	-1
#4 – Laval, France	1	0	-1
#4 – Rheda-Wiedenbrück, Germany	1	0	-1
#4 – Bielefeld, Germany	1	0	-1
#4 – Paris, France	1	0	-1
#4 – Rosenheim, Germany	1	0	-1
#5 – Melsungen, Germany	6	4	-2
#5 – Stockholm, Sweden	4	2	-2

Money.co.uk found that London, United Kingdom is the European city where young billionaires have increased the most, up by five since 2018. 

Billund in Denmark, Copenhagen in Denmark, Helsinki in Finland, and Haderslev in Denmark have all increased their young billionaire count by one since 2018. 

Three cities have remained with the same number of young billionaires since 2018. Whilst Kverva, Norway and Wollerau, Switzerland have remained on one billionaire, Oslo, Norway has remained home to two billionaires under 40. 

Six European cities had one young billionaire in 2018, but are now home to none. 

The European cities that have decreased most are Melsungen in Germany and Stockholm in Sweden, each having lost two young billionaires since 2018. 

The world’s cities increasing in young billionaires

City	Young billionaires in 2018	Young billionaires in 2021	Change in number of young billionaires 2018-2021
#1 – Beijing, China	2	9	+7
#2 – Hong Kong, Hong Kong	0	5	+5
#2 – London, United Kingdom	0	5	+5
#3 – Palo Alto, California	0	4	+4

Money.co.uk can reveal that Beijing, China has had the largest increase in young billionaires out of all cities analysed. In 2018, Beijing was home to two billionaires under 40, but in 2021 it is now home to nine – an increase of 350%.

The cities with the second-largest increase are Hong Kong, Hong Kong and London, United Kingdom. In 2018, both Hong Kong and London had no young billionaires, but they are now home to five billionaires under 40, respectively.

Palo Alto, California boasts the third-largest increase in young billionaires, up by four since 2018.

Although only increasing by one, San Francisco, California is home to the most billionaires under 40 with 13 young billionaires currently residing there.

The world’s cities decreasing in young billionaires

City	Young billionaires in 2018	Young billionaires in 2021	Change in number of young billionaires 2018-2021
#1 – New York, New York	4	1	-3
#2 – Stockholm, Sweden	4	2	-2
#2 – Melsungen, Germany	6	4	-2

Money.co.uk also found that, surprisingly, the city with the largest decrease in young billionaires is New York, New York. In 2018, the city was home to four young billionaires, but this year there is just one billionaire under 40 in its residence. 

The cities with the second largest decrease in young billionaires are Stockholm, Sweden, and Melsungen, Germany, both having lost two young billionaires. Stockholm, Sweden was home to four young billionaires in 2018, but is now down to two billionaires under 40 in 2021. Melsungen, Germany boasted six young billionaires in 2018, and is now left with four.