Mumbai 12th Richest City Globally, New York Tops: New World Wealth Report

Mumbai, India’s financial capital is the 12th richest city in the world with a total wealth of $950 billion, according to a report by New World Wealth. The list was topped by New York as the richest city in the world.

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

The top 3 richest cities in the list are- 

  1. New York ($3 trillion).
  2. London ($2.7 trillion).
  3. Tokyo ($2.5 trillion).