BUSINESS

Mumbai Richest Indian City With Total Wealth Of $820 Billion: Report

According to the New World Wealth report, India's financial capital is home to 46,000 millionaires and 28 billionaires.

27/02/2017 11:08 AM IST | Updated 27/02/2017 11:22 AM IST
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MUMBAI -- Mumbai is the richest Indian city with a total wealth of $820 billion, a report has said.

According to the latest New World Wealth report, India's financial capital is home to 46,000 millionaires and 28 billionaires, and is followed in terms of wealth by Delhi in second place and Bengaluru in third place.

Delhi is home to 23,000 millionaires and 18 billionaires with a total wealth of $450 billion, while Bengaluru has 7,700 millionaires and 8 billionaires and an aggregate wealth of $320 billion.

Home to 9,000 millionaires and 6 billionaires, Hyderabad comes next with a total wealth of $310 billion.

Kolkata houses 9,600 millionaires and 4 billionaires, and has a total wealth of $290 billion.

Pune, with a total wealth of $180 billion, has 4,500 millionaires and 5 billionaires.

"Over the next decade, India is expected to benefit from strong growth in the local financial services, IT, real estate, healthcare and media sectors. In particular, the local hospital services and health insurance sectors are expected to grow strongly. Hyderabad, Pune and Bangalore are expected to lead the pack in terms of wealth growth," the report said.

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