Mumbai sixth among top 10 global cities on billionaire count

[mirage2K]

LONDON: Mumbai is among the top 10 cities with the most billionaires in the world, said a study by WealthInsight, a premier research agency, on Thursday.

Ranked sixth, Mumbai is home to 26 billionaires. There are more billionaires in Mumbai than in Shanghai, Paris or Los Angeles. New York tops the list with 70 billionaires, followed by Moscow (64), London (54), Hong Kong (40) and Beijing at fifth spot with 29.

The top 10 list includes Istanbul, ranked seventh with 24 billionaires, Shanghai (23), Paris (22) and Los Angeles (19).

There is no Indian city on WealthInsight's top 20 cities with millionaires. Tokyo tops with 4.6 lakh millionaires. Twenty cities have more than 100,000 millionaires. In terms of the overall number of millionaires; India ranks 11th.

The US boasts the most with 5,231 in 2012, a figure WealthInsight expects to jump to 7,318 by 2020. China and India have been designated as countries to look out for, by 2020. It predicted that China will overtake Japan and Germany to become the second largest wealth market by 2020.

India is also expected to rise from 11th place in 2012 to 5th place in 2020.

Mumbai sixth among top 10 global cities on billionaire count - The Times of India

 

[danger007]

Not good enough, morons like Ambani should adopt some slums in Mumbai... but this stupids are more selfish... interested in looting only... Bottom line even SW engineer earning 50k+ have no choice but live in slum areas(because of high rents etc) ....

 

[black_jack]

Not good enough, morons like Ambani should adopt some slums in Mumbai... but this stupids are more selfish... interested in looting only... Bottom line even SW engineer earnging 50k+ have no choice but live in slum areas(because of high rents etc) ....

why don't you adopt some slums ?
who is asking you to stay in city if you can't afford it ?

 

[indian_foxhound]

there is a increase in 32times billionaires than 1990... So we can expect few from mumbai

 

[Koovie]

Not good enough, morons like Ambani should adopt some slums in Mumbai... but this stupids are more selfish... interested in looting only... Bottom line even SW engineer earnging 50k+ have no choice but live in slum areas(because of high rents etc) ....

Whats the problem with him or other billionaires?

Entrepreneurs like him are one of the main pillars of any free market economy (or any that pretends to be one like India)

As long as he pays his taxes he can do what ever he wants with his money. Dont call him selfish.

After all India is not a socialist country.

 

[danger007]

why don't you adopt some slums ?
who is asking you to stay in city if you can't afford it ?

am not rich enough to adopt entire slum.... we do have an welfare org years ago(my dad), but some idiots misused funds came from Abroad... so my dad give it to an ex-IAS..

 

[djsjs]

Is it good news or bad news？

 

[Skull and Bones]

why don't you adopt some slums ?
who is asking you to stay in city if you can't afford it ?

What kind of moronic statement is that?

Is it good news or bad news？

If you ask me, it's bad. Mumbai shows a sharp contrast of accumulating wealth in the hands of few while majority is devoid of any.

 

[danger007]

Whats the problem with him or other billionaires?

Entrepreneurs like him are one of the main pillars of any free market economy (or any that pretends to be one like India)

As long as he pays his taxes he can do what ever he wants with his money. Dont call him selfish.

After all India is not a socialist country.

Not really, he got blocks KG-basin, initially there is agreement to provide Gas to the some Electrical projects.... but later he played tricks, now the gas dig out from the KG-basin is going to Gujarat....

why don't you adopt some slums ?
who is asking you to stay in city if you can't afford it ?

you should read my post clearly.... i am comparing cost of rents etc... average person who got small house in Mumbai can get Duplex in normal cities...

 

[djsjs]

If you ask me, it's bad. Mumbai shows a sharp contrast of accumulating wealth in the hands of few while majority is devoid of any.

I agree.I don't feel happy that Beijing Shanghai has so many billionares either.

 

[Fuego]

How dare the poor country like India to come on top 10 of any wealthy list?

 

[FireFistAce]

Bullshit.
Don't believe every other site that says something out of nowhere.
Forbes is the most well known and trusted source of financial research, and it ranks istanbul as fourth.
In Pictures: The Top 10 Cities For Billionaires - Forbes.com

 

[black_jack]

If you ask me, it's bad. Mumbai shows a sharp contrast of accumulating wealth in the hands of few while majority is devoid of any.

Bullshit ....!!!!!!!
you get what you deserve ?
work hard and in right direction you will get your share of wealth.

 

[Arya Desa]

How do they count millionaires cause every house in Vancouver is no less than $1 million, even the 40 yo nearly condemned houses.

 

[Skull and Bones]

Bullshit ....!!!!!!!
you get what you deserve ?
work hard and in right direction you will get your share of wealth.

Really?

I'm sure majority of Indians won't agree with that statement of yours. And you're entitled to keep your views to yourself. We really don't need your advice in where to live and which slum to adopt.