Are you living in the company of the rich? Indian cities with the richest individuals (2024)

FAQs

Which city in India do most rich people live? ›

Mumbai, the financial capital of India, is also home to the maximum number of billionaires in the country. According to the 2023 M3M Hurun Global Rich List, 66 of India's 187 billionaires live in Mumbai.

New Delhi : Mumbai has emerged as India's richest city with 60,000 high-net-worth individuals (HNIs). Ranked 21st globally, Delhi and Bengaluru have also followed Mumbai and are listed among cities with the highest number of centi-millionaires and billionaires.

Top 10 cities around the world with the most billionaires

New York City topped the list with 136 billionaires in 2022. The city's uber-rich population lost two people from 2021 to 2022, but it's still the global billionaire capital.

But Hiware Bazar of Maharashtra is known for its richness. Yes, you Heard that right. There's a village in India which is known as the village of millionaires. This village is located in Ahmednagar district in Maharashtra.

Mumbai retains top spot as India's most expensive city for accommodation rentals: Mercer. Mumbai and New Delhi rank among the top 35 most expensive cities in Asia for expatriates, among those surveyed in 2023.

As you can see above, only if you earn more than 20 lakhs a year, most people will consider you as rich. Otherwise, you will be seen as middle class, which is a very broad category and not clearly defined in our society.

Maharashtra is the richest state in India. The state capital Mumbai is also known as the economic capital of the country.

If the latest figures of 2023 are to be believed, in terms of population so far, Delhi is the most populous city in India with a population of over 30 million, followed by Mumbai with a population of over 20 million, Kolkata with a population of around 15 million, Bangalore with a population of over 13 million, and ...

Three of the four biggest clusters of billionaires in the world are classic US destinations for the uberwealthy: New York City, Los Angeles, and the Bay Area, which includes the neighboring tech hubs of San Francisco and Silicon Valley. Nearly 163 billionaires reside in those three hot spots alone.

With 186 billionaires, California leads the country with the most ultra-wealthy residents. These billionaires mainly come from the technology and entertainment industries. California's wealthiest resident in 2022 was Larry Page.

What city in the US has most millionaires? ›

New York City came in at no. 1 on the list. The report found that from 2012 to 2022, the city had a 40% growth in its population of high-net-worth individuals. According to Henley & Partner's report, NYC is home to 340,000 individuals worth over $1 million, 724 centi-millionaires, and 58 billionaires.

Indian-Americans Vinod Khosla, Romesh Wadhwani, and Rakesh Gangwal made it to the Forbes 2022 list of 400 wealthiest Americans, with Zscaler CEO Jay Chaudhry leading the pack with a net worth of $8.3 billion.

In 2021, the majority of Indian adults accounted for wealth of 10,000 U.S. dollars or lesser. On the other hand, about 0.1 percent were worth more than one million dollars that year.

The rich are going here

The US, UK and Canada are favourite destinations. EU countries, as well as traditional favorites Dubai and Singapore, are gaining popularity among Indians.

At the end of 2020, there were nearly 700 thousand dollar-millionaires in India. This was a significant decrease compared to over 760 thousand millionaires at the end of the previous year. In total, there were nearly 60 million dollar-millionaires worldwide in 2020.

The list also includes the most livable cities in India. In the 2022 list, Bangalore secured first position, followed by Pune, Ahmedabad, Chennai, Surat, Navi Mumbai, Coimbatore, Vadodara, Indore and Greater Mumbai. Cities are judged based on culture and environment, stability, health, infrastructure and education.

Cost of living in United States is 238% more expensive than in India.

1. Malabar Hill. Malabar Hill is not just the most posh area in Mumbai but India's most exclusive residential address, where most of the residents are billionaires and millionaires.

What is the average monthly income in India? ›

Full list here. The average salary in India is below ₹50,000, reveals a latest report. On the occasion of International Labours Day, the World of Statistics has released data on average monthly salaries around the world. As per the data, 23 countries around the world have average monthly salaries of more than ₹1 lakh.

If you want to live luxury life in India at list min your monthly income must be 1.5L-5L per month. Also it depends upon in which city you are living. But on an average 2.5L per month is enough to live luxury life in India.

In India, the middle-income group is defined as households with an annual income between INR 7.5 lakh and INR 15 lakh. According to a recent report by the National Statistical Office (NSO), the per capita income in India in 2020-21 was INR 1,27,768.

The report defines millionaires as individuals having a personal wealth of at least ₹7 Crore, roughly $1 million. The 42 HNIs have a personal wealth of ₹100 crore.

The Kerala Economy is therefore largely dependent on trade in services and resulted remittances. In 2012, the state was the highest receiver of overall remittances to India which stood at Rs. 49,965 Crore (31.2% of the State's GDP), followed by Kerala, Punjab and Uttar Pradesh.

As of 2022, the National Crime Records Bureau (NCRB) claims that Kolkata is the safest city in India. It has less crime rate compared to other metropolitan cities. Which are the safest cities in India for women? Coimbatore, Chennai, Kolkata, Kochi, Mumbai, Bangalore, Pune, etc are some of the safest cities for women.

They live in 42 of the 50 states. The only states where you won't find a billionaire are Alabama, Alaska, Delaware, New Hampshire, New Mexico, North Dakota, Vermont, and West Virginia.

While New Delhi has 39 billionaires, Bengaluru stands at the third position with 21 billionaires. Mumbai is home to 66 billionaires, according to the 2023 M3M Hurun Global Rich List, a ranking of the US-Dollar billionaires in India.

Which country has the most millionaires? ›

According to statistics, Switzerland has the highest proportion of millionaires as of 2021, closely followed by Luxembourg. Even though the income tax rate in Switzerland is 40%, 16.4% of the world's millionaires reside there as of 2021.

The top 10 richest families in 2022 by estimated wealth are: The Walton family with $224.5 billion. The Mars family with $160 billion. The Koch family with $128.8 billion.

A new report by investment firm Henley & Partners ranked where the world's wealthiest people reside, and New York City came in at No. 1 in the U.S. and globally.

The average price of the most expensive neighborhoods in every U.S. state is $5,249,542, but America's most expensive neighborhood—Manalapan, Fla.,—far surpasses that at a whopping average house price of $39,761,000.

New York City

The Big Apple is home to 340,000 millionaires, 724 centi-millionaires, and 58 billionaires. It is the financial center of the USA and the wealthiest city in the world by several measures. It is also home to the world's two largest stock exchanges by market cap (the NYSE and the Nasdaq).

The 2023 Forbes billionaires list features 169 Indians, up from 166 last year.

HOUSTON: Indian-American Rishi Shah, who quit college 10 years back to pursue entrepreneurial dreams, has become tech's newest billionaire. And his business partner, Shradha Agarwal, is close behind.

Jayshree Ullal, billionaire Indian-American CEO, among richest self-made women in US.

How many dollars does the average Indian make? ›

Considering the average monthly salary to be INR 31,900, the total annual earnings come to INR 3,82,800. In other words, the average monthly salary comes to around $428.49 per month (based on the exchange rates that were applicable in July 2021).

Indian Median Salary

The median salary in India in 2022 is ₹29,400 per month. This means that half of the Indians earn less than this average earning in India, while the other half earns more every month.

Nehru–Gandhi family

The Nehru–Gandhi family's involvement with the Congress Party began with Motilal Nehru in the 1920s, when India was still part of the British Empire. The family became more influential under his son, Jawaharlal Nehru, who became a prominent figure in India's nationalist movement.

A study done by the nonpartisan wealth research firm New World Wealth found that 56.2% of the 13.1 million millionaires in the world were Christians, while 6.5% were Muslims, 3.9% were Hindu, and 1.7% were Jewish; 31.7% were identified as adherents of "other" religions or "not religious".

Lakshmi Mittal grew up in a poor Indian family in Rajasthan.

According to Forbes in 2022, Mittal was the 15th richest Indian person and has a current net worth of $16.8 billion.

Bengaluru Urban District's per capita income ranks first with Rs 6,21,131, while Kalburgi, with Rs 1,24,998, is at the last spot. The income gap between the top and bottom districts is almost Rs 5 lakh. Here are more details: Karnataka is one of the richest states in India.

Tardeo, South Mumbai

India's most lavish and expensive area, Tardeo. It also has commercial offices and luxury residential areas. Tardeo is one of the most expensive residential areas in India for premium real estate.

The financial capital of India and the capital of Maharastra is the most populated city in India. Mumbai has a population of over 12.7 million, with a population density of 21,000 per square kilometer.

With an estimated GDP of $310 billion, Mumbai ranks number one in the list of the richest cities in India.

Which is the No 1 growing city in India? ›

Mumbai is the No. 1 city to live in India with its growing economy, infrastructural development and the land of Bollywood stars.

India ranked third on the list after it lost 8,000 millionaires in 2022, coming only after Russia at 15,000 and China at 10,000, a report by global migration consultancy Henley and Partners revealed.

Mumbai is the financial capital of India and is also home to the maximum number of wealth creators of the country with over 280 of the richest Indians residing in the city that is also known as the 'City of Dreams'.

Dharavi is a suburb in Mumbai, Maharashtra, India. It has often been considered to be one of the world's largest slums. Dharavi has an area of just over 2.39 square kilometres (0.92 sq mi; 590 acres) and a population of about 1,000,000.

As per the report, the combined wealth of the rich there is a whopping Rs 40,000 crore. Thrissur's achievement was while considering some of the wealthiest, yet small towns, in the country. In Thrissur, there are four people who have a net worth of over Rs 1,000 crore, a survey found. Photo: Unni Kottakkal.

At INR 1.36 lakh per square foot, the flat has a total area of 27,160 square feet. Earlier in March, Chairman of Bajaj Auto, Niraj Bajaj held the record for the most expensive luxurious flat in India after bought a sea-facing apartment in Mumbai's Malabar Hill for INR 252.5 crore.