London's super rich are getting richer

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

The buying power of London's highest earners - compared with the average citizen - is now greater than it was in the 1930s.

The latest HM Revenue and Customs figures, based on income tax records, point to a growing cadre of very wealthy individuals.

Scroll down for more

High-society London now has a buying power not seen for more than 70 years

While the incomes of the top 1 per cent have grown considerably, it is the incomes of the top 0.1 per cent that have increased the most dramatically.

In 2003-04, income tax records showed that 19,000 had an annual income in excess of £500,000. This financial year however, that figure stands at 30,000.

16 years ago, an income of £57,000 put an earner among London's top 1 per cent. By 2004-05 however, this had doubled to more than £117,00.

As most of the highest earners are based in London and the wider-south east, high-society London now has a buying power not seen for more than 70 years.

The figures also explain the growth of new businesses and the adaptation of old ones in pursuit of the "platinum pound".