India’s super rich: Top 8 Cities for Indian multi-millionaires

 

According to WealthInsight research, there are 1,576 multi-millionaires in India (each with net assets of over US$30 million). Mumbai is home to 37% of these or 577 multi-millionaires.

According to WealthInsight analyst Shekhar Tripathi: The number of multi-millionaires in India increased by 46% over the four year period between 2007 and 2011.”

Dehli has the 2nd highest number of Indian multi-millionaires (147 multi-millionaires) followed by Kolkata (126 multi-millionaires), Hyderabad (114 multi-millionaires) and then Bangalore (97 multi-millionaires).

The number of multi-millionaires in Pune, Maharashtra’s second city after Mumbai, grew by the largest margin (68%) over the period between 2007 and 2011. The number of multi-millionaires in Mumbai also grew by strongly over the period, by 59%.

According to WealthInsight analyst Sunil Agarwal: “Pune’s rise was aided by its proximity to Mumbai and by robust growth in the local automotive, manufacturing and technology sectors”

 

Major Cities

Number of multi-millionaires, 2011

Mumbai

577

Delhi & New Delhi

147

Kolkata

126

Hyderabad

114

Bangalore

97

Chennai

88

Pune

55

Ahmedabad

51

Other

321

India

1,576

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s