Mumbai among 8 Asian cities on top 20 billionaire cities list
New York City has the world’s largest number of billionaires but Asian cities, which include Mumbai, dominate the list of top 20 billionaire places in the world, indicating that the region is at the beginning of a new cycle in wealth creation, says a report.
According to the Wealth-X and UBS Billionaire Census 2014, in Asia the billionaire population continued to increase in size and economic significance, with 30 per cent of the net increase in total billionaire wealth coming from the region.