Lure of London makes Britain a billionaire haven

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By AP

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Updated: Sun, 11 May 2014 07:15:28 EST

LONDON (AP) — A new study of the super-rich finds that London has become the capital of the world's wealthiest, with more billionaires than any other city in the world.

The Sunday Times, which published the list, says the city has 72 residents whose fortune exceed 1 billion pounds ($1.6 billion) — more than Moscow, at 48, or New York, at 43.

The newspaper reports that Britain also has more billionaires per head than any other country, with one in billionaire for every 607,000 Britons versus one for every 1 million or so Americans. It was the first time the newspaper has compared Britain's overall standing to that of other countries.

Indian-born brothers Srichand and Gopichand Hinduja top the list, with a 11.9-billion pound fortune. The two run the Hinduja Group conglomerate.

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