With 11,100 millionaires, Hyderabad ranks 10th among cities with the highest percentage growth in millionaires over the past decade. Hyderabad got overall spot of 65 in the list of world’s richest cities.
Millionaires in Hyderabad grew by 78% in 10 years from 2012-22. Hyderabad has 40 centi millionaires and five billionaires. Bengaluru is at 6th position with 88% growth in millionaires or 12,600 people. Hyderabad is India’s fifth wealthiest city, according to a report released by Henley & Partners, the International Investment Migration Firm, which released the list of World’s Wealthiest Cities 2023. Hyderabad got the overall spot of 65 in the list of world’s wealthiest cities.
Mumbai, the financial capital of India and home to country’s richest billionaires, is the wealthiest city in the country. It ranked 21st in the Henley & Partners World’s Wealthiest Cities List 2023. The capital of India, Delhi, is the second wealthiest city in the country. It has seen 66% growth in the past one year. It got the overall rank of 36th in the world’s wealthiest cities list 2023.
The Silicon Valley of India, Bengaluru is India’s third wealthiest city. It got the overall rank of 60 in the Henley & Partners World’s Wealthiest Cities List 2023.
Kolkata is India’s fourth wealthiest city. It got the overall spot of 63 in the world’s wealthiest cities ranking 2023.
New York City wears the crown as the world’s top city with the most millionaires in 2023.
The report is based on data sets given by wealth intelligence firm, New World Wealth, which tracks the movements and spending habits of over 150,000 high net worth individuals in their in-house database. As per the report, all figures are for December 31, 2022, and ‘high net worth individuals’ or ‘HNWIs’ refer to individuals with investable wealth of US $ 1 million or more and Includes only HNWIs living in each city (residents). Seven out of the World’s Top 10 cities listed are in countries that host formal investment migration programs and actively encourage foreign direct investment in return for residence or citizenship rights.
