Are you living in the company of the rich? Indian cities with the richest individuals (2024)

Mumbai is the financial capital of India and is also home to the maximum number of wealth creators of the country with over 280 of the richest Indians residing in the city that is also known as the ‘City of Dreams’.

According to the latest edition of the IIFL Wealth Hurun India Rich List 2022, Mumbai is home to 283 of the richest Indians with the list headed by Mukesh Ambani and family, who is also the second-richest Indian in the list after Gautam Adani and family.

The capital city of Maharashtra has only further cemented its place in the latest study as the number of wealthy Indians residing in Mumbai saw an increase of 28 when compared to the pervious study.

Mumbai is followed by Delhi (185), Bengaluru (89), Hyderabad (64), Chennai (51), Ahmedabad (45) and Kolkata (37). The other three cities to complete the top 10 list are Pune (34), Surat (22) and Gurugram (18).

Incidentally, except Gurugram that made its debut in the latest study, the other nine cities maintained their positions though each saw a jump in the number of wealthy Indians residing in the cities.

The other cities that saw a jump in ranking were Coimbatore (14), Noida (8) and Rajkot (7). The number in bracket shows the number of Rich List entries from the city.

Non-metro towns like Nagpur and Agra also featured in the list of top cities with the maximum representation in the Rich List.

In terms of states as well, there was no change in the top 10 names with Maharashtra retaining its numero uno status in this year’s Rich List as well with 335 entries. It was followed by Delhi (185), Karnataka (94), Gujarat (86), Tamil Nadu (79) and Telangana (70).

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Are you living in the company of the rich? Indian cities with the richest individuals (2024)

FAQs

Are you living in the company of the rich? Indian cities with the richest individuals? ›

Mumbai, Delhi, Bengaluru, Hyderabad and Chennai are the top five Indian cities with the maximum number of rich individuals; non-metros like Surat, Coimbatore, Noida, Ludhiana and Nagpur among others also have some of the richest Indian individuals, as per IIFL Wealth Hurun India Rich List 2022.

Which Indian city has the richest people? ›

According to the 2024 List, Mumbai and New Delhi have made it into the top 10 cities in the world with the most billionaires. For the first time, the nation's capital made it into the top 10 list.

Where do the wealthiest Indians live? ›

Cities with highest number of Indian millionaires 2022

In 2022, Mumbai was home to the highest number of millionaires, followed by India's capital New Delhi, and the IT capital - Bengaluru.

Where do most of the millionaires live in India? ›

The financial landscapes of Mumbai and Delhi have showcased substantial growth in millionaire residents over the past decade, positioning them among the world's leading cities in terms of wealth accumulation.

What does the richest man in India do for a living? ›

Mukesh Ambani is the Chairman and largest shareholder of Reliance Industries, a conglomerate that encompasses petrochemicals, refining, oil, telecommunications, and retail. Based in Mumbai, Ambani took over Reliance Industries in 2002 after the death of his father, Dhirubhai Ambani.

Which Indian state is most wealthy? ›

Maharashtra. Maharashtra, the financial capital of India, stands tall as the richest state. With a GSDP of over ₹31 trillion, it's home to Mumbai, the country's largest city and economic hub, hosting major banks, multinational corporations, and the stock exchange.

In which city do most billionaires live? ›

New York

Where do Indian billionaires keep their money? ›

84% of the investable wealth of Indian ultra-high-net-worth individuals is allocated between equities, real estate and bonds, as per the Knight Frank report.

What Indian tribe is wealthy? ›

The Shakopee Mdewakanton Sioux Community is the wealthiest Native American tribe, with a total wealth amounting to $2.7 billion. According to court records, each adult receives a monthly payment of approximately $84,000, or $1.08 million annually.

How many Indian millionaires are there in the US? ›

WASHINGTON: The image of the wealthy NRI from America is poised to get a puffy boost following estimates from Merrill Lynch that there are 200,000 millionaires of Indian origin in the US alone.

Who is the No 1 rich people in India? ›

Top 25 richest Indians
RankNameCompany
1Mukesh AmbaniReliance Industries
2Gautam AdaniAdani Group
3Shiv NadarHCL Technologies
4Cyrus PoonawallaSerum Institute of India
21 more rows

Are there wealthy parts of India? ›

Synopsis. Mumbai and Delhi have secured positions among the world's top 50 wealthiest cities, surpassing Washington DC in wealth concentration. This ranking, released by Henley and Partners, highlights the economic prowess of these Indian cities and their growing appeal to high-net-worth individuals (HNWIs).

Who is the richest country in the world? ›

Luxembourg

This country controls the pandemic duration better than any other European country. In 2020, they had a growth rate of minus 0.9%, and the country will grow by 7% in 2021. Hans Luxembourg is at the top of the list of the richest countries in the world by GDP 14,3740 USD.

What net worth is considered rich in India? ›

High-net-worth individuals (HNIs) are wealthy people with investable assets over Rs. 5 crore in India. They need expert financial planning due to their high net worth.

Who is the richest woman in India? ›

Savitri Jindal is at number one among the richest women of India. Her net worth is 29.1 billion dollars. Savitri Jindal is the honorary chairperson of the O.P. Jindal Group and succeeded her husband O.P. Jindal in 2005.

Who is the richest family in India? ›

Mr Mukesh Ambani, the Managing Director and Chairman of Reliance Industries, is India's wealthiest individual. As reported by Forbes, Reliance Industries has a revenue of over Rs 9.03 lakh crore ($109.4 billion).

What city has the richest citizens? ›

New York remains the richest city in the U.S. and the world with nearly 350,000 millionaires and 60 billionaires.

In which place India comes in richest? ›

India's GDP per capita

But when it comes to world GDP rankings, India stands at 5 after the US, China, Japan and Germany.

Which city of India is rich in culture? ›

For those who don't know, Kolkata is also known as the 'Cultural Capital of India'. The city is culturally and historically rich and is the home of Nobel Laureate Rabindranath Tagore.

Which is the richest village in India? ›

Gujarat is home to one of the richest villages in the world in terms of bank deposits. Around 7,600 homes and 17 banks can be found in Madhapar village in the Kutch district, and the majority of its owners are from the United Kingdom, the United States, Canada, and other countries.

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