According to a report by New World Wealth, a global wealth intelligence and market research company, Mumbai is one of the top 15 cities globally in terms of total wealth held. The term refers to private wealth held by all residents in the city. Mumbai is the economic hub of India and home to 45,000 millionaires and 28 billionaires. “Going forward, Mumbai is expected to be the fastest growing city (in terms of wealth growth over the next 10 years),“ the report added.
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