LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » India News

Mumbai emerges at top richest Indian city with total wealth net-worth of $820 billion; Delhi takes second spot at $450 billion

 According to New World Wealth report, Mumbai recorded total wealth net-worth of $820 billion which homes 46,000 millionaires and 28 billionaires.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Mumbai emerges at top richest Indian city with total wealth net-worth of $820 billion; Delhi takes second spot at $450 billion
Waves hit walls near Gateway of India in Mumbai, Maharashtra, India, on June 23, 2016. Image Source: IANS
Written By: ZeeBiz WebTeam
Updated: Mon, Feb 27, 2017
11:22 am
Mumbai , ZeeBiz WebDesk
RELATED NEWS
Direct tax collections in Mumbai, Delhi in single digit Direct tax collections in Mumbai, Delhi in single digit
Demonetisation: Residential property sales in Mumbai region fall over 50% Demonetisation: Residential property sales in Mumbai region fall over 50%
Mumbai local, sleeper class train travel set to get more expensive Mumbai local, sleeper class train travel set to get more expensive
In Budget, fencing of Delhi-Howrah & Mumbai routes to improve speed In Budget, fencing of Delhi-Howrah & Mumbai routes to improve speed
Mumbai hawker law's residency requirement targets migrants, vendors say Mumbai hawker law's residency requirement targets migrants, vendors say
Highlights:

1. According to New World Wealth report, Mumbai recorded total wealth net-worth of $820 billion which homes 46,000 millionaires and 28 billionaires 

2. Delhi registered a total wealth of $450 billion and is home to 23,000 millionaires and 18 billionaires 

3. Bengaluru recorded a total wealth of $320 billion and it houses 7,700 millionaires and eight billionaires

India's commercial capital Mumbai has emerged as the richest Indian city with total wealth net-worth of $820 billion (nearly Rs 54,552,55 crore), PTI reported citing a latest report by the New World Wealth.

The city based out of Maharashtra state in the Western part of India is home to 46,000 millionaires and 28 billionaires, it said. 

According to the New World Wealth report, Delhi and Bengaluru took the second and third spot, respectively into its list of top richest Indian city. 

Delhi is home to 23,000 millionaires and 18 billionaires with a total wealth of $450 billion (nearly Rs 29,937,38 crore), while Bengaluru with a total wealth of $320 billion (nearly Rs 21,288,80 crore) houses 7,700 millionaires and eight billionaires,cited the PTI report.

ALSO READ: Direct tax collections in Mumbai, Delhi in single digit

The New World Wealth's report list also included Hyderabad with a total wealth of $310 billion (nearly Rs 20,62,353 crore). The city in Andhra Pradesh is home to 9,000 millionaires and six billionaires.

Kolkata, which is home to 9,600 millionaires and four billionaires, has a total wealth of $290 billion (nearly Rs 19,292,98 crore) , followed by Pune (which has a total wealth of $180 billion (nearly Rs 11,974,95 crore), with 4,500 millionaires and five billionaires), Chennai (which has a total wealth of $150 billion (nearly Rs 9,979,13 crore) , with 6,600 millionaires and four billionaires) and Gurgaon (which has a total wealth of $110 billion (nearly Rs 7,318,03 crore), with 4,000 millionaires and two billionaires), it said. 

Besides, the list also included some of the other emerging cities of total wealth namely Surat, Ahmedabad, Visakhapatnam, Goa, Chandigarh, Jaipur and Vadodara.

The total wealth held in the country amounts to $6.2 trillion (as of December 2016) and the country is home to 264,000 millionaires and 95 billionaires in total.

"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," cited the New World Wealth report.

Millionaires or High Net Worth Individuals (HNIs) refer to individuals with net assets of $1 million (nearly Rs 6.7 crore) or more.

Moreover, the report also listed some of the affluent suburbs in Mumbai and other cities of India.

In Mumbai, localities like Bandra, Juhu, Goregaon, Parel, Worli and Palm Beach Road were named as the richest while in Delhi it was Westend Greens, Dera Mandi, Greater Kailash and Lutyens.

In Kolkata, it was Ballygunge and Alipore, while in Chennai, it was Boat Club Road and Poes Garden, the report added. 

ALSO READ: Demonetisation: Residential property sales in Mumbai region fall over 50%

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
MumbaiEconomyTop Richest Indian cityDelhiNew World WealthMaharashtraindiaBengaluruAndhra PradeshHyderabadKolkataPuneChennaiGurgaonSuratAhmedabadVisakhapatnamGoaChandigarhJaipurVadodaraBandraJuhuGoregaonParelWorliPalm Beach RoadWestend GreensDera MandiGreater KailashLutyensBallygungeAliporeBoat Club RoadPoes Garden
RELATED NEWS
Direct tax collections in Mumbai, Delhi in single digit Direct tax collections in Mumbai, Delhi in single digit
Demonetisation: Residential property sales in Mumbai region fall over 50% Demonetisation: Residential property sales in Mumbai region fall over 50%
Mumbai local, sleeper class train travel set to get more expensive Mumbai local, sleeper class train travel set to get more expensive
In Budget, fencing of Delhi-Howrah & Mumbai routes to improve speed In Budget, fencing of Delhi-Howrah & Mumbai routes to improve speed
Mumbai hawker law's residency requirement targets migrants, vendors say Mumbai hawker law's residency requirement targets migrants, vendors say

LATEST NEWS

Stock Market Opening Bell Today: Sensex scales 50K, NSE Nifty climbs 0.60 pct; Tata Motors, Apollo Tyres shares gain

Sushant Singh Rajput case: Mumbai police summon Kangana in Javed Akhtar defamation case

Budget 2021 Stock Picks With Anil Singhvi: This chemical and fertilizer company is market expert Vijay Chopra’s pick - Here is why

Big blow for China! India may impose huge duty hike on these Chinese imports; Anil Singhvi explains booster shot for GNFC

Home First, IRFC, Indigo Paints IPO Reviews: Here is what Anil Singhvi recommends for investors

Havells Share price: Buy with price target of Rs 1050 says Jefferies

7th Pay Commission latest news: Rs 19,900 starting salary in 7th CPC pay matrix on offer; check detail of central government job at indiapost.gov.in

Using Airtel Payments Bank? FREE! Good news for you

Stock Markets With Anil Singhvi: Sensex soars to 50K; Madhu Kela reveals this money making strategy

Budget 2021 Expectations LIVE: Check latest news, updates, demands here

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved