Moneycontrol
HomeNewsTrendsCurrent Affairs'Mumbai, Delhi among top Asia Pacific cities for millionaires'
Trending Topics

'Mumbai, Delhi among top Asia Pacific cities for millionaires'

According to the Asia Pacific 2016 Wealth Report, by New World Wealth, Tokyo is the top Asia Pacific city for the ultra-rich with 2,64,000 millionaires, while Mumbai and Delhi got featured in the 12th and 20th rank respectively.

January 25, 2016 / 11:25 IST
Story continues below Advertisement

India’s financial hub Mumbai, which is home to 41,200 millionaires, and national capital Delhi, which houses 20,600 high net worth individuals, have been named among the top Asia Pacific cities for HNIs.

According to the Asia Pacific 2016 Wealth Report, by New World Wealth, Tokyo is the top Asia Pacific city for the ultra-rich with 2,64,000 millionaires, while Mumbai and Delhi got featured in the 12th and 20th rank respectively.

Story continues below Advertisement

High Net Worth Individuals or HNWIs (millionaires) were defined as those individuals with net assets of USD 1 million or more.

Over the past 10 years, Jakarta was the fastest growing major city in Asia Pacific in terms of millionaire growth followed by Hangzhou and Tianjin in the second and third place respectively.