New Delhi, April 11 -- People have long chosen to make London their home, allured by its multicultural society, world-class education, stunning natural landscapes, and rich cultural heritage. However, a new report reveals that many of the city's wealthiest residents are now heading in the opposite direction, primarily to cities in the United States or Asia.

According to the annual World's Wealthiest Cities report by advisory firm Henley and Partners, released Wednesday, at least 11,300 dollar millionaires left London in 2024, driven by high taxes, lingering effects of the 2008 financial crisis and Brexit-related uncertainties.

London now has 2,15,700 dollar millionaires, down from 2,27,000 in 2023.

According to AFP, Andrew Amoils, Head...