A British research agency on Friday said that Mumbai was among the top 10 cities with the most billionaires in the world.
According to a study by WealthInsight, Mumbai is home to 26 billionaires ranking number six on their list. There are more billionaires in Mumbai than in Shanghai, Paris or Los Angeles. New York tops the list with 70 billionaires, followed by Moscow, London, Hong Kong and Beijing at fifth spot with 29.
The top 10 list included Istanbul, ranked seventh with 24 billionaires, Shanghai, Paris and Los Angeles.
There is no Indian city on WealthInsight’s top 20 cities with millionaires. Twenty cities have more than 100,000 millionaires. In terms of the overall number of millionaires; India ranked at number 11.
The US boasts the most with 5,231 in 2012, a figure WealthInsight expects to jump to 7,318 by 2020. China and India have been designated as countries to look out for, by 2020. It predicted that China would overtake Japan and Germany to become the second largest wealth market by 2020.
India is also expected to rise from 11th place in 2012 to 5th place in 2020.
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Big difference …
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Indian riches are keeping money at home …
Pakistani riches are keeping money in Londonisthan and Dubaisthan …
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