Mumbai Richest City in India : 12th in Global Ranking- Report

 Mumbai, the country’s financial capital has been named the richest city in India. With a total wealth of USD 950 billion, Mumbai has been named among the top 15 wealthiest cities globally.

With a total wealth of USD 3 trillion, New York is the richest city on the global list.

A report by new World Wealth says Mumbai, which is the economic hub of India, is the 12th wealthiest city, followed by Toronto with a total wealth of USD 944 billion, Frankfurt (14th, USD 912 billion) and Paris (15th, USD 860 billion).

Total wealth refers to the private wealth held by all the individuals living in each city. It includes all their assets (property, cash, equities, business interests) less any liabilities.