Mumbai 12th richest city globally
NEW DELHI, Feb 11: India’s
financial capital Mumbai, with a
total wealth of $950 billion, has
been named among the top 15
wealthiest cities globally, while
New York topped the list, says a
report.
According to a report by New
World Wealth, the economic hub
of India is the 12th wealthiest city,
followed by Toronto with a total
wealth of $944 billion, Frankfurt
(14th, $912 billion) and Paris (15th,
$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. Government
funds are excluded from the figures.
The list of 15 wealthiest cities
was topped by New York with a
total wealth of $3 trillion.
London ranked second in the
list with $2.7 trillion, followed by
Tokyo ($2.5 trillion), and San Francisco
Bay area ($2.3 trillion).
Others in the list include Beijing
($2.2 trillion), Shanghai ($2
trillion), Los Angeles ($1.4 trillion),
Hong Kong ($1.3 trillion),
Sydney ($1 trillion), Singapore ($1
trillion) and Chicago ($988 billion).
– PTI
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