Nation Current Affairs 22 Feb 2017 7,700 and counting, ...

7,700 and counting, Bengaluru is a city of millionaires

DECCAN CHRONICLE
Published Feb 22, 2017, 1:38 am IST
Updated Feb 22, 2017, 6:34 am IST
Bengaluru’s total wealth is also higher than Kolkata - $320 billion while Hyderabad has $310 billion.
An internal assessment of India's richest suburbs shows that the most amount of wealth in Mumbai is held with people living in Bandra, Juhu, Goregaon, Parel, Worli and Palm Beach Road  while for Bengaluru it is Indiranagar and Sadashivanagar.
 An internal assessment of India's richest suburbs shows that the most amount of wealth in Mumbai is held with people living in Bandra, Juhu, Goregaon, Parel, Worli and Palm Beach Road while for Bengaluru it is Indiranagar and Sadashivanagar.

Bengaluru: While the City of Joy is home to 9,600 millionaires, Hyderabad boasts of 9,000 such high net worth individuals, Bengaluru has 7,700, Pune 4,500, Gurgaon 4,000 and Chennai 6,600 millionaires.

However when it comes to billionaires, the New World Wealth  Report 2016 says, Kolkata falls behind as it records only four such individuals along with Chennai. Bengaluru on the other hand has eight billionaires, Hyderabad six and Pune five. Gurgaon has only two billionaires.

 

Bengaluru’s total wealth is also higher than Kolkata - $320 billion while Hyderabad has $310 billion.

The total wealth held in Pune has been found to be $180 billion while that in Chennai is $150 billion. The wealth in Gurgaon is around $110 billion.

Mumbai however still continues to be India’s richest city with its total wealth expected to be around $820 billion. The city is home to 46,000 millionaires and 28 billionaires. Delhi stands second with wealth worth $450 billion. It is also home to 23,000 millionaires and 18 billionaires.

 

India’s total wealth has been pinned at $6.2 trillion (as of Dec. 2016).  It is home to 264,000 millionaires and 95 billionaires in total.

An internal assessment of India's richest suburbs shows that the most amount of wealth in Mumbai is held with people living in Bandra, Juhu, Goregaon, Parel, Worli and Palm Beach Road  while for Bengaluru it is Indiranagar and Sadashivanagar.

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Location: India, Karnataka, Bengaluru




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