These 3 Cities In India Have Highest Number Of Billionaires (2024)

FAQs

Which are the richest cities in India in order? ›

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.

Bernard Arnault

Billionaire, businessman and the chairman and chief executive of LVMH (LVMUY), Bernard Arnault holds the crown as the richest person in the world. According to Forbes, Arnault has a fortune of $217.9 billion.

There are 3,141 billionaires in the world as of 2023; in terms of the number of billionaires, the United States is almost 3.6 times bigger than India. The majority of billionaires around the world have their wealth tied to equity ownership in public companies.

The icons of India, home for rich heritage and culture are the four metropoliton cities Delhi, Mubai, Bangalore and Kolkata.

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

New York has as many as 345,600 millionaires. NEW DELHI: New York is the world's wealthiest city with the largest number of resident billionaires while Dubai, Mumbai, and Shenzhen are emerging as the wealthiest cities of the future, according to a report from investment advisory firm Henley & Partners.

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

UHNIs or the super-rich are defined as those who have an investable surplus of Rs 25 crore or more. On average, Indian UHNIs own an average of 5.1 homes, while the global number is 4.1. The wealth allocation to primary and secondary homes was 37% for Indians, and 32% globally.

Who is the 2 richest person in the world? ›

Elon Musk, the second-wealthiest person in the world has a net worth of $191 billion.

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.

India and China were two of the world's wealthiest countries until the eighteenth century. The geographical location was favourable for the Indian subcontinent; it was an important point in the trade networks.

The third-most costly city in India in Bengaluru. The Silicon Valley of India comes as an expensive city to lead a livelihood in.

Cape Town named third greatest city on Earth - Secret Cape Town.

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.

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.

Which is the No 1 city in India? ›

Bangalore city is ranked number one among India's best cities to live in in 2022. Bangalore is famous for its IT infrastructure, startup and traffic too.

Mumbai (Bombay) is called the home of billionaires, where the number of rich people is three times more than the number of billionaires living in Bangalore or Delhi. Around 66 billionaires live here in Mumbai, which is almost one third of the total number of billionaires in the country.

Overall, in the calendar year 2022, the United States' Nominal GDP at Current Prices totaled at $25.463 Trillion, as compared to $23.315 Trillion in 2021. The three U.S. states with the highest GDPs were California ($3.6 Trillion), Texas ($2.356 Trillion), and New York ($2.053 Trillion).

In investment migration consultancy Henley & Partners' newly released World's Wealthiest Cities Report 2023, New York “is the financial center of the USA and the wealthiest city in the world by several measures.”

India has GDP per capita of $2,200. In 2021, India was ranked 145th in a list of 193 countries for which data was available. India was placed above Kenya and below the Solomon Islands.

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 is known for its film industry, being home to Bollywood, and its slums, made famous by the movie “Slum Dog Millionaire.” Sixty percent of the Mumbai population lives in slums.

Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.

According to the World Inequality Database, an annual income of Rs 18.6 lakh or more in 2021 would put an Indian among the richest 1 percent of the country.

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.

Who is the richest girl in the world? ›

Françoise Bettencourt Meyers – US$80.5 billion

The richest woman in the world this year hails from France, just like the richest man, Bernard Arnault. With over US$80 billion in the bank, Bettencourt Meyers' wealth is derived from her and her family's 33 per cent stake in L'Oréal.

The Walton Family is the richest family in the world. It owes its wealth to the Walmart company started by brothers Sam & Bud Walton in Northwest Arkansas more than six decades ago.

Here is the full ranking of the richest countries in 2023, according to their per capita GDP. Luxembourg, one of the smallest countries in the EU has a population of 634,000 and is the richest country in this ranking with a per capita GDP of nearly $130,000.

Many millionaires keep a lot of their money in cash or highly liquid cash equivalents. They establish an emergency account before ever starting to invest. Millionaires bank differently than the rest of us. Any bank accounts they have are handled by a private banker who probably also manages their wealth.

Some millionaires keep their cash in Treasury bills. They keep rolling them over to reinvest them and liquidate them when they need the cash. Treasury bills are short-term notes issued by the U.S government to raise money and can usually get purchased at a discount.

Though not often thought of as an investment, cash is a liquid asset, meaning you can use it in a variety of ways as needs or desires arise. In a crisis, having cash on hand gives you the flexibility to respond. That's why billionaires keep a significant portion of their money in cash and cash equivalents.

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.

New York City wears the crown as the world's top city with the most millionaires in 2023.

Which State Has the Most Millionaires? New Jersey has the highest rate of millionaires, with 9.76% of households showing a net worth of $1 million or above. That means that 246,058 New Jersey households are millionaires.

Where do most Indian billionaires 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.

Rank 1 | Mukesh Ambani | Net worth: $82 billion | With a wealth of $82 billion, Mukesh Ambani of Reliance Industries overtakes Gautam Adani to bag the richest Indian title. Ambani, who is Asia's richest is the only Indian to enter the top 10 in 2023 M3M Hurun Global Rich List.

With an estimated GDP of $69 billion, Pune is the seventh-richest city in India.

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.