‘Mumbai Richest Indian City with Wealth of $820 b’
New Delhi: India’s financial capital Mumbai, which is home to 46,000 dollar millionaires and 28 billionaires, is the richest Indian city with a total wealth of $820 billion, says a report.
According to wealth intelligence firm 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 and18 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, while Pune with a total wealth of $180 billion, has 4,500 millionaires and 5 billionaires. Chennai with a total wealth of $150 billion has 6,600 millionaires and 4 billionaires. Gurugram with total wealth of $110 billion has 4,000 millionaires and two billionaires. Other emerging cities in terms of total wealth include, Surat, Ahmedabad, Visakhapatnam, Goa, Chandigarh, Jaipur and Vadodara. “Hyderabad, Pune and Bengaluru are expected to lead the pack in terms of wealth growth,” the report said.
The list also includes Hyderabad, Kolkata, Pune Chennai and Gurugram that have fast-growing millionaire populations