Mumbai Home To Most Number Of Billionaires In India

Posted on:03 Mar 2016 10:29:56
Mumbai Home To Most Number Of Billionaires In India
03 March 2016 Current Affairs: Mumbai leads the country with 1,094 ultra high networth individuals, followed by Delhi with 545, said a latest Knight Frank Wealth Report. The next decade will see Mumbai increase to 2243 and Delhi to 1128 UHNWIs, the report released.In the last 10 years, billionaire count (with $1 billion networth or more) in India jumped by 333% to 78 persons from 18 in 2006. The global growth in the number of billionaires during the last 10 years has been much lower at 68%. There are an estimated 1,919 billionaires in the world at present."Among Indian cities, Mumbai leads the pack followed by New Delhi. Going forward, Mumbai will continue to maintain its number one position but the rate of growth in UHNWI population will be marginally higher in New Delhi than in Mumbai,” said Samantak Das, chief economist at Knight Frank.Out of 97 cities globally, Mumbai and Delhi currently ranked at 21 and 33 respectively

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