How do BILLIONAIRES Spend MONEY in LONDON

submitted by King on 02/05/15 1

Subscribe for more Luxury / Billionaire/ Rich/ Famous Videos www.youtube.com/user/LuxsReports?sub_confirmation=1 The Bishops Avenue, London N2, connects the north side of Hampstead Heath at Kenwood (Hampstead Lane), Hampstead to East Finchley and is on the boundary of the London Boroughs of Barnet and Haringey. It is considered to be one of the wealthiest streets in the world, comparable to a select few ultra-exclusive roads in such other affluent places around the world as Beverly Hills, Monaco and Hong Kong.[ Many of the houses are influenced by designs of Ancient Greece and Rome and traditional English country houses. Average property prices on the avenue surpassed £1 million in the late 1980s and each property occupies a 2-3 acre plot. In 2006, the smallest houses in the street were selling for £5 million while a larger house, Turkish tycoon Halis Toprak's 30,000 sq ft (2,800 m2) Toprak Mansion, sold amidst great secrecy to the President of Kazakhstan, Nursultan Nazarbayev, for £50 million in January 2008, making it one of the most expensive houses in the world, as listed by Forbes magazine.[4] It is named after the Bishops Wood through which it runs, formerly owned by the Bishop of London (as was much of the surrounding area) following a land grant in 704. In 1894 the Church of England let building plots for construction of homes on the road. In the 20th century much of the land was sold by the Church, which now only owns one house on the road (46, The Bishop's Avenue) and a nearby residential home. The road is a favourite with the international 'über-rich' and is often referred to by its nickname of "Millionaires' Row" (although recently, it has been referred to as "Billionaires' Row"). This small street of 66 houses and the parallel Winnington Road display a variety of architectural styles. Ten of the houses are owned by the House of Saud, whilst other notable owners of houses on the street include the Sultan of Brunei and members of the House of Bolkiah, publisher and newspaper magnate Richard Desmond (owner of two houses)[6] and industrialist Lakshmi Mittal.[8] Former residents included Sir Billy Butlin, Dame Gracie Fields, Katie Boyle, Sir Peter Saunders (producer of the play The Mousetrap), the businessmen Asil Nadir and Emil Savundra[6] and Heather Mills (the former wife of Paul McCartney), who owned an apartment there.[9] The road was repeatedly mentioned in Elton John's 1988 reworking of Give Peace a Chance ("Why not talk about Bishop's Avenue/I've got a lovely house on Bishop's Avenue") and the area's leading estate agent Trevor Abrahamson was quoted in 2006 as saying: "Among the wealthiest circles in the world, The Bishop's Avenue is better known than Buckingham Palace. It's a significant demonstration of status. If you live there, you don't need to explain to people that you're rich. "mega rich" arab arabic supercar ferrari bentley lamborghini london "united kingdom" wealth wealthy "super rich" billionaire millionaire import "united arab emirates" emirates qatar "middle east" tycoon money custom "london united kingdom" tourist tourism travel exclusive shopping elite bugatti "bugatti veyron" "lamborghini aventador" "ferrari california" parking harrods knightsbridge "london property" "london apartment" holiday dubai lottery 2013 2014 cash oil dollars petrol arabic "special edition" one of a kind Where do the world's wealthiest individuals live? Well, it depends if you're talking millionaires, multi-millionaires or billionaires, according to a new list of the global rich. Tokyo may contain the most millionaires (US$), however London is the city with the highest number of multi-millionaires - defined as individuals with over $30m each. For the fattest of the fat cats, though, look to New York where 70 billionaires have made their home - or maybe one of their many global homes. The ranking of top global cities for millionaires, multi-millionaires and billionaires has been compiled by London based wealth consultancy WealthInsight using five years of data analysed by their team. So what insights can we glean from this latest rich list? Tokyo tops the list with 461,000 millionaires at the end of 2012, followed by New York City with 389,000. London and Paris take third and fourth place respectively with Frankfurt, Beijing, Osaka, Hong Kong and Shanghai making up the the remainder of the top ten. Interestingly the second highest city for billionaires, Moscow, comes in 20th for its number of millionaires. The report also looks at the proportion of each country's millionaires in each city. Tokyo accounts for 21% of Japan's millionaires whereas New York City accounts for only 7% of US millionaires. Cities with much higher proportions include Seoul (83%), Rome (49%) and London (42%).

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