According to the report, London has more than 68,000 homes valued at more than 2 million pounds each. That number has recently risen for two reasons: Many billionaires decided to live in London in the wake of Brexit and amid a surge in property sales during the pandemic.
The Guardian article also argues that Srichand Parmanand and Gopichand Hinduja may be the richest people in London. They are estimated to be worth £ 16 billion, slightly more than music mogul Sir Leonard Blavatnik, who is worth £ 15.8 billion.
The Guardian also echoed the enormous social inequality in times of pandemic. More than 2.5 million Londoners, representing almost 30% of the population, live in poverty, according to data provided by the government, while in the entire territory the figure reaches 22%.
London, on the contrary, also has the largest proportion of people living in low-income households. It is estimated that some 800,000 children in the capital live in poverty.
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