First News
Volume:7, Number:35
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Business & Finance 4

Mumbai is the Richest Indian City with Total Wealth of USD820 Billion

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 New World Wealth. Mumbai is the richest city in the country followed by Delhi and Bengaluru in the second and third places, respectively. Delhi is home to 23,000 millionaires and 18 billionaires with a total wealth of USD450 billion, while Bengaluru with a total wealth of USD320 billion houses 7,700 millionaires and 8 billionaires. The list also includes Hyderabad with a total wealth of USD310 billion, 9,000 millionaires and 6 billionaires. Kolkata, home to 9,600 millionaires and 4 billionaires, has a total wealth of USD290 billion. The total wealth held in the country amounts to USD6.2 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 (HNWIs) refer to individuals with net assets of USD1 million or more.

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