Milan It is becoming one of the most important financial centers in Europe with London and Paris. A path also testified by the large number of billionaires that regulate the city regularly. They are in all 17 people, all Italian, who have chosen the Lombard capital as the basis of their operations.
In addition to them, the city has also attracted a large number of in recent years millionaires. Among these, 2,000 come from abroad and have taken advantage of the law wanted by the Renzi government, which provides for a fixed tax on capital abroad in the event of a residence to move to Italy.
The ranking of cities with more millionaires
A search for Henley & Partners It made it possible to draw up the ranking of the cities of the world with more millionaires. The US remain the most represented country, with 11 centers in the top 50, but Europe continues to be respected also in this category. If London He suffers the decline of the city due to Brexit falling in sixth place, Paris He resists Settimo and Milan overlooks the gates of the Top 10.
- New York, 384,500 millionaires;
- San Francisco 342,400 millionaires;
- Tokyo, 292,300 millionaires;
- Singapore, 242,400 millionaires;
- Los Angeles, 220,600 millionaires;
- London, 215,700 millionaires;
- Paris, 160,100 millionaires;
- Hong Kong, 154,900 millionaires;
- Sydney, 152,900 millionaires;
- Chicago, 127,100 millionaires.
Milan, as mentioned, stops in 11th place with 115 thousand millionaire residents. A figure in strong growth in the last 10 years (+24%), also thanks to some tax incentives that have attracted the richest in Italy. Among the millionaires of Milan, there are also 17 people who have a heritage greater than 1 billion dollars.
Who are the billionaires of Milan
Among the Italian cities, Milan remains the one with the most billionaires. Even the capital Rome cannot compete, given that it hosts only 9 billionaires against 17 of the Lombard capital. All Milanese billionaires are Italian and represent large groups of the fashionfrom the pharmaceutical and of the finance Italian.
- Giorgio Armani, 11 billion;
- Massimiliana Landini Aleotti (Menarini group), 7.2 billion;
- Miuccia Prada and Patrizio Bertelli, 6.6 billion;
- Heirs of the Veccio, 6.6 billion each;
- Gianfelice and Paolo Rocca (Tenaris), 5.6 billion;
- Luca and Alessandra Garavoglia (Campari), 4.3 billion;
- Remo Ruffini (Moncler), 4 billion;
- Susan Carol Holland (Amplifon), 3.5 billion;
- Marina Berlusconi, 2.1 billion;
- Domenico Dolce and Stefano Gabbana, 1.9 billion;
- Massimo Moratti, 1.9 billion;
- Annalisa and Massimo Doris (Mediolanum), 1.5 billion;
- Piersilivio Berlusconi, 2.1 billion;
- Barbara Berlusconi, 1.2 billion;
- Eleonora Berlusconi, 1.2 billion;
- Luigi Berlusconi, 1.2 billion;
- Giuliana and Marina Caprotti (Esselunga), 1.1 billion.
The flat tax and the benefits for the tax authorities
One of the reasons why Milan has become such a strong attraction point for Italian billionaires and above all for European millionaires is a 2017 law wanted by the government then led by Matteo Renzi. This rule imposed a fixed taxation for the foreign capitals of people who took residence in Italy. Initially the figure was fixed to 100 thousand eurosbut it was then increased to 200 thousand.
According to the data of the Ministry of Economy and Finance, 1,242 people who made use of this rule were only in 2023. Following their transfer, 46% of them declared incomes in Italy, bringing to the speakers of about 87 million euros. In total, since it exists, the flat tax on foreign capital has brought about 4,500 people to Italy, half of whom have chosen Milan as a residence.
