Mumbai & Delhi Among 50 Wealthiest Cities of World: Henley & Partners
Report
4 min read
In a reflection of the continued economic growth in India, two Indian cities, Mumbai and Delhi, have been included for the first time in the top 50 world’s wealthiest cities of the world. Mumbai was ranked 24th, and Delhi was 37th in the world in the Wealthiest Cities Report 2024 which was released recently.
Wealthiest Cities Report 2024
The Wealthiest Cities Report 2024 has been compiled by Henley & Partners in collaboration with New World Wealth, a global data intelligence firm.
The wealthiest person has been defined as HNWIs (High worth individuals) who have a liquid investable wealth of USD 1 million or more. Centi millionaires are those individuals with a wealth of more than USD 100 million to invest, and billionaires have more than USD 1000 million to invest.
According to the report, New York City in the United States continues to be the world’s wealthiest city with 349,500 millionaires having a combined total wealth of more than $3 trillion.
The United States has 11 cities in the top 50 and three in the top 10 cities.
Indian Cities of Mumbai and New Delhi
According to the Henly report, the Indian financial capital city Mumbai has 58,800 millionaires, 236 centi-millionaires and 29 billionaires. Mumbai was ranked as the 24th wealthiest city in the world.
The other city in the top 50 was Delhi, with 30,700 millionaires, 123 centi-millionaires, and 16 billionaires. Delhi was ranked 37th in the wealthiest cities list.
Rise of the Asia Pacific
The latest report documents the rise of Asia Pacific cities. Five out of the top 10 wealthiest cities belong to the Asia-Pacific region. The Japanese capital city, Tokyo, is ranked third, Singapore is fourth, Sydney is eighth, Hong Kong is ninth, and Beijing is 10th.
In West Asia, Dubai emerged as the wealthiest city and was ranked 21st.
Fastest Growing Millionaire Cities
The Asian Pacific region has seven of the ten fastest-growing millionaire cities in the world. The Chinese city of Shenzhen is the fastest-growing city, whose millionaire population has grown by 140 percent to 50,300 in the last ten years(2013-2033).
The Chinese city of Hangzhou grew by 125 per cent, Guangzhou (110%), Delhi (95%), Beijing (90%), Shanghai (84%), and Mumbai (82%).
Top 10 Wealthiest Cities
Following is the list of the top 10 wealthiest cities in the world.
|
Rank |
City/Area |
Country |
Millionaires |
|
1 |
New York City |
USA |
349,500 |
|
2 |
The Bay Area |
USA |
305,700 |
|
3 |
Tokyo City |
Japan |
298,300 |
|
4 |
Singapore |
Singapore |
244,800 |
|
5 |
London |
United Kingdom |
227,000 |
|
6. |
Los Angeles |
USA |
212,100 |
|
7. |
Paris |
France |
165,000 |
|
8 |
Sydney |
Australia |
147,000 |
|
9 |
Hong Kong |
China |
143,400 |
|
10. |
Beijing |
China |
125,600 |
