Hyderabad is home to six billionaires

Source: PTI, The Hindu, Dt: 27.2.17

Hyderabad is home to 9,000 millionaires and 6 billionaires with a total wealth of USD 310 billion, while India’s financial capital Mumbai, is home to 46,000 millionaires and 28 billionaires and is the richest Indian city with a total wealth of USD 820 billion, says a report.

According to the New World Wealth Report 2016, released by the global wealth intelligence and market research company, Mumbai is the richest city in the country followed by Delhi and Bengaluru in the second and third place, respectively.

Delhi is home to 23,000 millionaires and 18 billionaires with a total wealth of USD 450 billion, while Bengaluru with a total wealth of USD 320 billion houses 7,700 millionaires and 8 billionaires.

Kolkata is home to 9,600 millionaires and 4 billionaires and has a total wealth of USD 290 billion, Pune (total wealth of USD 180 billion, has 4,500 millionaires and 5 billionaires), Chennai (USD 150 billion, 6,600 millionaires, 4 billionaires) and Gurgaon (USD 110 billion with 4,000 millionaires and 2 billionaires). Some of the other emerging cities in terms of total wealth include, Surat, Ahmedabad, Visakhapatnam, Goa, Chandigarh, Jaipur and Vadodara. The total wealth held in the country amounts to USD 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.