December 2016 Current Affairs

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Mumbai among 15 global cities in terms of total wealth

Mumbai among 15 global cities in terms of total wealth
22 October 2016 Current Affairs: India's financial hub Mumbai has been named among top 15 cities globally in terms of total wealth held, while London topped the list.

According to New World Wealth, the wealthiest cities in the world are London with $2.7 trillion of total wealth, followed by New York City ($2.6 trillion) and Tokyo ($2.2 trillion) in the second and third place respectively. 

Mumbai featured on the 14th place in the list with a total wealth held in the city worth $820 billion. 

Home to 45,000 millionaires and 28 billionaires, Mumbai is the economic hub of India. It is also home to the Bombay Stock Exchange (BSE) .

The report further noted that among the 15 cities, Beijing, Shanghai, Mumbai and Sydney were the fastest growing in terms of wealth over the past decade (2006-2016). 

Others in the list include San Francisco Bay area at the fourth place with a total wealth of $1.9 trillion; Beijing (5th, $1.8 trillion); Shanghai (6th, $1.6 trillion); Los Angeles (7th, $1.2 trillion); Hong Kong (8th, $1.1 trillion); Singapore (9th, $870 billion) and Chicago (10th, $860 billion). 

Sydney at 11th place has a total wealth of $850 billion; Toronto (12th, $850 billion); Frankfurt (13th, $830 billion) and Paris (15th, $800 billion). 

Meanwhile, total wealth held worldwide amounts to $185 trillion (as of June 2016). Globally, there are 13,300,000 millionaires and 1,940 billionaires in total .

It includes all their assets (property, cash, equities, business interests) less any liabilities. Government funds are from the figures. 

 


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
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26 NOV
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25 NOV
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24 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
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September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
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August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
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26 AUG
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25 AUG
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