Maharashtra has 56,000 millionaire households; highest in India: Report (2024)

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Maharashtra has 56,000 millionaire households; highest in India: Report? ›

With 56,000 dollar-millionaire households, Maharashtra leads the country in wealth creation followed by Uttar Pradesh, Tamil Nadu, Karnataka and Gujarat, says a report. These states together account for 46 per cent of the 4.12-lakh millionaire households in the country.

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

Maharashtra has 56,000 millionaire households; highest in India: Report.

Mumbai is India's wealthiest city, with 59,400 millionaire residents. It ranks 21st among the richest in the world.

Maharashtra has high skilled labour supply over the state. Maharashtra has MUMBAI the financial capital of India. Maharashtra has PUNE the IT giant of India and also the Oxford of india,. Maharashtra has orange capital of India NAGPUR.

Maharashtra -- which has the highest GSDP among all the states contributing around 16 per cent of national GDP -- has 56,000 dollar-millionaire households last year. Between FY13 and FY19, the economy has been growing annually at 6.9 per cent and the state is also home to 247 richest individuals.

The Service sector dominates the economy of Maharashtra, accounting for 61.4% of the value addition and 69.3% of the value of output in the state.

Mumbai is the home to the most number of millionaires in India in comparison to other Indian cities.

Situated at the Southern part of Mumbai, Colaba is one of the four peninsulas of Mumbai. The other three are Worli, Bandra and Malabar Hill. It is one of the wealthiest neighborhood in India, known for high-end boutiques, malls and is one of the major tourist attractions in the city.

Where do richest live in India? ›

Mumbai is home to the highest number of billionaires in the country with 72 billionaires living in the city, according to Hurun Global Rich List 2022.

Mumbai, the wealthiest city in the nation, serves as India's financial centre and is the residence to many of the country's billionaires.

Brahmin. Brahmins are at the top of the four Hindu castes, consisting of clergy and intellectuals. Suppose we consider the Vedic documents. The Brahmins were advisors to the Maharajas, Mughals, and officials of the army.

Higher income

As per the advanced estimates, the State's per capita income for 2022-23 is expected to be ₹2.42 lakh, against ₹2.15 lakh the previous year. Maharashtra stood fifth in terms of per capita income in 2021-22, when Karnataka led the States with a per capita income of ₹2.79 lakh.

1. Maharashtra. Maharashtra is the wealthiest state in India, with a Gross State Domestic Product (GSDP) of over $400 billion. The state is known for its industrial and agricultural activities.

Maharashtra is one of India's largest commercial and industrial centres, which has led to its being called the gateway of India. Maharashtra is also famous for its culture and beauty. The ancient cave paintings found at Ajanta and Ellora are UNESCO World Heritage sites and popular tourist destinations.

Hiware Bazar is now a 'green model village' with 294 water wells. Agricultural farming and cattle farming have become the source of income for farmers. The lives of villagers in Hiware Bazar have dramatically transformed. People came back to their homes in the village from cities where they were working as labourers.

Virendra D Mhaiskar, chairman and managing director, IRB Infrastructure Developers, has become the first Marathi manoos to figure at number 51 in the Forbes list of 100 richest Indians. At age 38, Mhaiskar, with a net worth of $1,010 million, is also the third youngest in the rich list.

Below are the richest people in Maharashtra, IN. As of June 2023, the richest person in Maharashtra, IN is Mukesh Ambani. Mukesh Ambani lives in Maharashtra. How does your net worth compare to the fortunes of the wealthiest people in Maharashtra, IN?

These U.S. Cities Have the Most Millionaires, According to a New Report New York has the most millionaires in the U.S. — and across the globe. 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.

What are the top 5 richest state in USA? ›

The richest states in the US are New York, Massachusetts, Washington, California, North Dakota, Connecticut, Delaware, Alaska, Nebraska, and Illinois. The richest state in America is New York, with a GDP per capita of $96,502.

Atherton, CA

The richest city in the US is Atherton, California. It has a median household income of $450,690, which is almost seven times higher than the average American household income of $69,021. With a relatively low population of 6,950 residents, Atherton is a town known for its exclusivity and wealth.

Throughout its history, Vidarbha has remained much calmer than the rest of India, especially during the communal troubles. However, there is considerable poverty and malnutrition. It is less economically prosperous compared to the rest of Maharashtra.

New York City topped a new list of the world's wealthiest cities in 2023, with Japan's Tokyo and Silicon Valley's Bay Area claiming the second and third spots. Mumbai featured at #21 while Delhi, Bengaluru, Kolkata and Hyderabad too found a mention.

1) Per capita Income: on this parameter, in FY 2023, Telangana recorded the highest per capita income of ₹2,75,443. It was followed by Karnataka with ₹2,65,623, Tamil Nadu with ₹2,41,131, Kerala with ₹2,30,601, and lastly Andhra Pradesh with ₹2,07,771 among five major south Indian states.

Mumbai is one of the ten largest trading centres in the world in terms of global financial flows, generating ca. 6.16% of the Indian GDP and accounting for 25% of industrial production, 70% of Indian maritime trade and 70% of capital transactions to the Indian economy.

3 best cities to live in Maharashtra are Mumbai, Navi Mumbai, and Pune. More than 30% population of Maharashtra live in cities with quality of life more than 31/100.

Malabar Hill, located in South Mumbai, is among the posh areas in Mumbai. It is not just any other elite residential locality but an exclusive residential address to some of India's wealthiest personalities, such as the CM of Maharashtra.

Antilia: Mukesh Ambani & Family

Mukesh Ambani's famed Antilia is valued at $1 billion by Forbes. It's considered as one of the most expensive residences in the entire world.

Pune. Number of rich individuals: 34 | One of the most liveable cities in India, Pune saw an increase in the number of rich people – from 25 in 2018 to 37 in 2022. One of the largest vaccine makers Cyrus S Poonawalla and family are the richest in the city.

Which is the richest suburb in India? ›

1. Malabar Hill, Mumbai. Mumbai's Malabar Hill is the most exclusive address in the city, where most of the residents are billionaires and millionaires. At the southernmost tip of Mumbai, Malabar Hill offers a three-sided view of the Arabian Sea making it the most desired and expensive location in Mumbai.

Besides the UAE, the top 10 likely destinations for net inflows of millionaires are Australia, Singapore, Israel, Switzerland, the US, Portugal, Greece, Canada and New Zealand.

Mumbai emerges as India's richest city with 59,000 millionaires; ranked 21st globally. The world has around 5.6 crore millionaires who control more than half of the global wealth while representing less than a percentage of the population.

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

Vora adds that the Marathas account for around 30 percent of the total population of the state and dominate the power structure in Maharashtra because of their numerical strength, especially in the rural society.

Mukesh Ambani, who sits over a wealth of $82 billion, has overtaken Gautam Adani to bag the richest Indian title. Ambani is the only Indian to feature in the top 10 of coveted global billionaires list.

Many residents of Madhapar work abroad in the Africa, UK, USA, and Canada. But they prefer to save their money in India, which has made Madhapar one of the richest villages in terms of bank deposits worth over $200 crores. The village has earned a special name in India and is considered a barometer of NRI deposits.

Pharmaceuticals, petrochemicals, heavy chemicals, electronics, cars, engineering, and food industries in maharashtra, agro-based industries in maharashtra, and the plastics industry make up the major industries in maharashtra.

Agriculture. Maharashtra is a leading agricultural state. Maharashtra accounts for around 52% of total Jowar cropping in India.

Expenditure (excluding debt repayment) in 2023-24 is estimated to be Rs 5,47,450 crore, an increase of 3.6% over the revised estimates of 2022-23. In addition, debt of Rs 54,558 crore will be repaid by the state.

Why Maharashtra has highest GDP? ›

As of 2021, Maharashtra GDP contribution is the largest in the country. It accounts for around 13-14% of the Indian economy. Manufacturing services and agriculture primarily drive Maharashtra GDP. It includes the Bombay Stock Exchange and National Stock Exchange.

Why Pune is the Fastest Growing City in India? Pune has excellent connectivity to Mumbai and by air to practically every major city in India, which is one of the main reasons for the city's rapid growth.

It is India's smallest state by area and fourth-smallest by population. Goa has the highest GDP per capita among all Indian states, two and a half times as high as the GDP per capita of the country as a whole.

Maharashtra is one of India's largest commercial and industrial centres, which has led to its being called the gateway of India. Maharashtra is also famous for its culture and beauty. The ancient cave paintings found at Ajanta and Ellora are UNESCO World Heritage sites and popular tourist destinations.

As the state that is home to the city of Mumbai, widely recognised as the financial capital of the country, Maharashtra is certainly the most developed state in India as far as economic parameters are concerned.

NEW DELHI: India's richest state Maharashtra is also the country's best performer across financial and social indicators, according to state rankings released by credit rating company.

Many billionaires prefer to be surrounded by sun, better weather, or be in a state with no income tax. The state with the most billionaire is California.

by state U.S. 2020. In 2020, California had the highest number of millionaire households in the U.S., with 1.14 million households having one million or more in investible assets. This is nearly double the 650,216 millionaire households in Texas, the state with the second-highest number.

Rightly called the 'Heartland of India', Uttar Pradesh is known for boasting a flamboyant cultural heritage. It is a land of rich historical tales, it is a land of varied hues of cultures blending together, it is a land of diverse religions, and it is a land of delectable mix of aromatic food. read more...

“90% of all millionaires become so through owning real estate.” This famous quote from Andrew Carnegie, one of the wealthiest entrepreneurs of all time, is just as relevant today as it was more than a century ago. Some of the most successful entrepreneurs in the world have built their wealth through real estate.

Which city has most millionaires? ›

New York City wears the crown as the world's top city with the most millionaires in 2023. Seven of the World's Top 10 cities listed are in countries that host formal investment migration programs and actively encourage foreign direct investment in return for residence or citizenship rights.

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.

Millionaires Are Made, Not Born

In fact, the majority of millionaires didn't even grow up around a lot of money. According to the survey, 8 out of 10 millionaires come from families at or below middle-income level. Only 2% of millionaires surveyed said they came from an upper-income family.

Bihar is one of the oldest continuously inhabited places in the world with history of 3000 years. The rich culture and heritage of Bihar is evident from the innumerable ancient monuments that are dotted all over this state in eastern India.

India is known for giving birth to numerous yet greatest religions of the world, including Hinduism, Sikhism, Jainism, Buddhism etc. These religions together reflect the rich Indian cultural heritage.