Published On: Mon, Feb 12th, 2018

Mumbai ranks 12th in richest cities in the world

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Mumbai’s financial capital Mumbai has become one of the top 15 richest cities in the world. According to a report, cities like Mumbai, Toronto and Paris have also been ranked in the richest city in the world list, New York is at number one in this list.

According to the New World Wealth report, with a total personal wealth of 950 billion dollars, Mumbai is the 12th richest city in the world. This is followed by Toronto ($ 944 billion), Frankfurt ($ 912 billion) and Paris ($ 860 billion).

According to the Times of India news, Mumbai is one of the 10 cities in the world according to the population of billionaires. There are 28 billionaires in Mumbai, whose total assets are $ 1 billion or more. Significantly, Mumbai is the center of economic activity of the country. There is also the Bombay Stock Exchange – the 12th largest stock exchange in the world. Financial services, real estate and media are among the major businesses of the city.

According to the list, the world’s wealthiest country, New York’s total private property is $ 3 trillion. London is second in the list ($ 2.7 trillion), Tokyo third ($ 2.5 trillion) and San Francisco fourth ($ 2.3 trillion).

In this report, the total property of the city has been fixed based on the total private property of all the people living in a city. It involves deducting liabilities from all the properties, cash, shares, business interests of the people.

The list of fifteen most wealthy also includes Beijing, Shanghai, Los Angeles, Hong Kong, Sydney, Singapore and Chicago.

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