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Rich List 2014: Why the super rich love London

11 May 2014 Last updated at 08:47 BST

The number of billionaires living in the UK has risen to more than 100 for the first time, according to the 2014 Sunday Times Rich List.

There are now 104 billionaires based in the UK with a combined wealth of more than £301bn, which means it has more billionaires per head of population than any other country.

Philip Beresford, who is responsible for compiling the Rich List, spoke to the BBC to explain why the super rich are attracted to the UK, and in particular London.