London named millionaire capital of the world, ahead of New York, Tokyo! 

London has been officially declared the millionaire capital of the world; after a recent study showed that almost 3 percent of its population have net assets of more than $1 million. 

Tokyo ranked second with 2 percent of its people boasting the same fortune, while New York rank third with only 1.6 percent of its population with the same fortune – in a study carried out by Johannesburg-based New World Wealth. 

Other cities in the top ten include – Los Angeles, Hong Kong and Singapore.