January 2016, Business
India’s financial hub Mumbai, which is home to 41,200 millionaires, and national capital Delhi, which houses 20,600 high net worth individuals, have been named among the top Asia Pacific cities for HNIs.
High Net Worth Individuals or HNWIs (millionaires) were defined as those individuals with net assets of USD 1 million or more.
Over the past 10 years, Jakarta was the fastest growing major city in Asia Pacific in terms of millionaire growth followed by Hangzhou and Tianjin in the second and third place respectively.
Mumbai and Delhi closed the top five cities as they registered a growth of 357 per cent and 335 per cent respectively between 2000-2015.