Seven Indian Cities See Growth In Number Of Super-Rich: Report
NEW DELHI: Seven Indian cities, including the financial capital Mumbai and political hub Delhi, have been named among Asia Pacific' top 20 cities in terms of growth in number of multi-millionaires, a report said.
Pune, Hyderabad, Bangalore, Chennai and Kolkata are the other Indian cities in the list of 20 cities in Asia Pacific (APAC) for the decade ended December 2014, said the report by New World Wealth.
Ho Chi Minh City, Vietnam topped the list. A millionaire (or HNWI) is an individual with net assets of $1 million or more, whilst a multi-millionaire is an individual with net assets of at least $10 million, as per the report titled 'Fastest growing cities for the super-rich'.
Pune saw the fastest growth in terms of number of super-rich people which increased from 60 in December 2004 to 250 in December 2014, a jump of 317 per cent.
After Pune, Mumbai witnessed the sharpest rise in number of multi-millionaires. As of December 2014, it was home to 2,690 multi-millionaires.