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Mumbai among world's top ten billionaire cities: Forbes
PTI,Mar 11, 2010, 09.12pm IST
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Mumbai ranks 7th with largest number of billionaires
Mumbai among world's top ten billionaire cities: Forbes | TradingMarkets.com
* Mumbai|
* Mukesh Ambani
NEW YORK: Mumbai has been named among the world's top ten billionaire cities, as it is home to as many as 20 of the richest Indians, according to a list compiled by the Forbes magazine.
Reliance Industries chairman Mukesh Ambani, ranked as the richest Indian in the world with a fortune of USD 29 billion, resides in Mumbai along with 19 other billionaires who have been named in the Forbes list.
The list of billionaire cities is topped by New York as it is home to as many as 60 richie rich persons. The wealthiest person living in New York is its mayor and media baron Michael Bloomberg, with a networth of USD 18 billion.
Other billionaires residing in the Big Apple include Ralph Lauren, Carl Icahn, Rupert Murdoch and Mortimer Zuckerman.
The Russian capital Moscow, home 50 billionaires, comes second in the list.
Other top ten cities are London at the third place with 32 billionaires, Turkish capital Istanbul (4th) , Los Angeles (5th), Hong Kong (6th), Mumbai (7th) and Dallas (8th).
Other notable billionaires residing in Mumbai include Anil Ambani, Shashi & Ravi Ruia, Kumarmangalam Birla and Pallonji Mistry.
San Francisco and Tokyo are the 9th and 10th places, respectively.
This year as 11 countries have at least doubled the number of billionaires they had a year ago, including China, India, Turkey and South Korea. India boasts of 50 billionaires in this year's list as against just 24 last year.
A lot of Indians have this misconception about a lot of people of Indian origin. Pallonji Mistry is neither an Indian nor does he live in India. He has been residing in Ireland for a long time, and a few years ago became Irish citizen as well, and no more an Indian citizen.
@Zaki, Capital of India is New Delhi, not Delhi ;-)
As has been said before, Islamabad doesn't need a metro. But maybe cities like Karachi or Lahore do. So the metro is the only outstanding thing Delhi has to offer as compared to Islamabad? I'm surprised nobody's talked about the general quality of life of the residents of that particular city.
Congratulations India on having the most number of billionaires. And I mean to say this in the least condescending way, but why can't you filter your wealth down better? Despite India's economic boom, 100 million more Indians have fallen below the poverty line since 2004, making the number of people living below the poverty line equal to 410 million. In 2004, the poverty rate of India was 27.4%, and at the end of 2010, the poverty rate of India is 37.2%. These would be pretty worrying statistics if I were an Indian. 37.2% living below the poverty line means almost 2 our of every 5 Indians live below the poverty line. Pretty sad statistics. It just goes to show that 'booming India' only benefits a few people at the expense of the common man. Even Gujarat, known for its entrepreneurship & industries, has lost on an average 4000 jobs a month from 2008 to 2010. Troubling news.
It doesn't matter if you have a higher GDP per capita than Pakistan or any country in the world, if only a few people will have the larger share of the progress, and most of the people will live under poverty. You can have all the skyscrapers, metros, billionaires in the world, but if things remain like this in India, it won't be good for the country.
100 million more Indians now living in poverty - The Economic Times
Congratulations India on having the most number of billionaires. And I mean to say this in the least condescending way, but why can't you filter your wealth down better? Despite India's economic boom, 100 million more Indians have fallen below the poverty line since 2004, making the number of people living below the poverty line equal to 410 million. In 2004, the poverty rate of India was 27.4%, and at the end of 2010, the poverty rate of India is 37.2%. These would be pretty worrying statistics if I were an Indian. 37.2% living below the poverty line means almost 2 our of every 5 Indians live below the poverty line. Pretty sad statistics. It just goes to show that 'booming India' only benefits a few people at the expense of the common man. Even Gujarat, known for its entrepreneurship & industries, has lost on an average 4000 jobs a month from 2008 to 2010. Troubling news.
It doesn't matter if you have a higher GDP per capita than Pakistan or any country in the world, if only a few people will have the larger share of the progress, and most of the people will live under poverty. You can have all the skyscrapers, metros, billionaires in the world, but if things remain like this in India, it won't be good for the country. I'm not trying to belittle India, I really want India to progress but 'UNIFORMLY', but you guys must embrace the reality & try to change the situation. Right now, I see no change in India. Rich Indians will be happy as long as their own personal life isn't affected by things. Indians constantly talk about how development is making poverty less, but it is increasing poverty significantly, putting more & more people in it by the day. This goes to show the inherent flaws in the Indian society, & a much much deeper problem than GDP per capita can solve.
100 million more Indians now living in poverty - The Economic Times
we r improving day by day (good growth rate, )