Mumbai richest Indian city with total wealth of $820 billion: Report
India�s financial capital Mumbai, which is home to 46,000 millionaires and 28 billionaires, is the richest Indian city with a total wealth of $820 billion, says a report.
India’s financial capital Mumbai, which is home to 46,000 millionaires and 28 billionaires, is the richest Indian city with a total wealth of $820 billion, says a report.
According to New World Wealth, Mumbai is the richest city in the country followed by Delhi and Bengaluru in the second and third place, respectively.
Delhi is home to 23,000 millionaires and 18 billionaires with a total wealth of $450 billion, while Bengaluru with a total wealth of $320 billion houses 7,700 millionaires and 8 billionaires.
The list also includes Hyderabad with a total wealth of $310 billion. Hyderabad is home to 9,000 millionaires and 6 billionaires.
Kolkata, home to 9,600 millionaires and 4 billionaires has a total wealth of $290 billion, Pune (total wealth of $180 billion, has 4,500 millionaires and 5 billionaires), Chennai ($150 billion, 6,600 millionaires, 4 billionaires) and Gurgaon ($110 billion with 4,000 millionaires and 2 billionaires).
Some of the other emerging cities in terms of total wealth include, Surat, Ahmedabad, Visakhapatnam, Goa, Chandigarh, Jaipur and Vadodara.
The total wealth held in the country amounts to $6.2 trillion (as of December 2016) and the country is home to 264,000 millionaires and 95 billionaires in total.
Millionaires or High Net Worth Individuals refer to individuals with net assets of $1 million or more.