India ranked No. 8 on global list of multimillionaires - Fusion - WeRIndia

India ranked No. 8 on global list of multimillionaires

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India has more multimillionaires than Australia, Russia and France.


The latest wealth index by New World Wealth that looks at multimillionaires — an individual with net assets of at least $10 million — has ranked India eighth in the global rich list, below countries such as the US, China, Germany and the UK but above Singapore and Canada. 

India is home to 14,800 multimillionaires. Mumbai is home to the highest number of them — 2,700, as many as that in Munich. 

Mumbai is the only Indian entry in the top 30 cities for multimillionaires. Hong Kong is the city with the largest number of multi-millionaires (15,400), followed by New York (14,300), London (9,700), Moscow (7,600), Los Angeles (7,400) and Singapore (6,600). 

As far as countries are concerned, the US tops the list with 183,500 people worth over $10 million, followed by China (26,600), Germany (25,400), UK (21,700), Japan (21,000), Switzerland (18,300) and Hong Kong (15,400). 

There are currently just over 13 million millionaires in the world (as of June 2014). Approximately 495,000 of these individuals can be classified as multi-millionaires. 

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