London has been named the city with bigger collection of millionaires than any other city in the world, says the study presented by New World Wealth.

According to the experts, three percent of the London residents own assets worth more than $1million.

London attracts wealthy people all over the world as a main financial center in Europe, the study reveals.

However, the British capital is still behind Hong Kong and New York for the number of multi-millionaires, BBC Russian service reported.