With a total wealth of USD 960 billion, the financial capital of the country – Mumbai – is the 12th richest city in the world.
The metropolitan is also the only Indian city to feature in the Top 20 wealthiest cities list, according to a report by New World Health.
Other prominent Indian metros like Delhi, Bengaluru, and Hyderabad came in 22nd, 26th, and 28th respectively in the ‘The Wealthiest Cities Worldwide in 2019’ list.
However, all three have been named under the ‘cities to watch’ category and pegged to “grow strongly over the next 10 years”.
The list was topped by New York City (NYC), which is estimated to have a total wealth of USD 3 trillion. With 65 billionaires and 3,80,000 millionaires, the city is also home to more billionaires and millionaires than any other city in the world.
NYC, notably, boasts of the two largest stock exchanges in the world.
Tokyo came in second with a total wealth amounting to USD 2.5 trillion. The Japanese city is home to the 3rd largest stock exchange in the world.
The report considers the private wealth of all individuals living in each city to calculate its total wealth. It entails all their assets namely property, cash, equities, business interests less any liabilities.
Top 10 Wealthiest Cities:
New York City (USD 3 trillion)
Tokyo (USD 2.5 trillion)
San Francisco Bay Area (USD 2.4 trillion)
London (USD 2.4 trillion)
Beijing (USD 2.1 trillion)
Shanghai (USD 1.9 trillion)
Los Angeles (USD 1.4 trillion)
Hong Kong (USD 1.2 trillion)
Sydney (USD 1.1 trillion)
Singapore (USD 1 trillion)