Where are the Most Millionaires in the UK?

The UK is home to a large number of millionaires, with the most affluent areas being located in the south of England. According to recent figures, Surrey and Sussex have been revealed to be the wealthiest areas of Great Britain, with residents owning assets worth an average £263,200 each.

Surrey and Sussex: The Wealthiest Areas of the UK

Surrey and Sussex are two of the most affluent counties in the UK, with the average wealth of their residents far exceeding the national average. The figures, which were released in January 2022, show that the average wealth of Surrey and Sussex residents is £263,200 each, making them the wealthiest areas of the UK.

The figures are even more impressive when compared to the national average, which stands at £131,400. This means that the average wealth of Surrey and Sussex residents is more than double the national average.

Why are Surrey and Sussex so Wealthy?

So why are Surrey and Sussex so wealthy? There are a number of factors that contribute to the high wealth of these areas.

One of the main reasons is the high concentration of high-paying jobs in these areas. Surrey and Sussex are home to a number of major companies, such as BP, Shell, and GlaxoSmithKline, which all offer well-paid positions. This means that many of the residents of these areas are able to enjoy a higher standard of living than those in other parts of the UK.

In addition, Surrey and Sussex are home to some of the most expensive property in the UK. This means that those who own property in these areas are able to benefit from high levels of capital appreciation.

Finally, the area is also home to a number of wealthy individuals who have made their money through investments and business ventures. This means that there is a large number of millionaires in the area, which further contributes to the high wealth of the area.

Conclusion

Surrey and Sussex are two of the wealthiest areas of the UK, with residents owning assets worth an average of £263,200 each. This is more than double the national average, and is largely due to the high concentration of high-paying jobs, expensive property, and wealthy individuals in the area.

It is clear that Surrey and Sussex are the wealthiest areas of the UK, and it is likely that this trend will continue in the future.