This article provides an overview of the top 5 cities in India with the highest number of billionaires. It covers the cities’ history, billionaire profiles, the industries that contribute to the wealth, and the impact of having so many billionaires on the local economy.
Also Read: Top 10 richest people in Asia
Mumbai, the financial capital of India, has the highest number of billionaires in India. According to the Forbes India Rich List 2023, it houses 33 billionaires out of the top 100 richest people in the country. The city is home to business tycoons such as Mukesh Ambani, Kumar Manglam Birla, Radhakishan Damani, Dilip Shanghvi and the Bajaj family.
Also Read: What is GDP? How is India’s GDP calculated?
Delhi, which is home to 20 billionaires, stands in second place. The capital has attracted the wealthiest people in the country for a long time. It has the headquarters of conglomerates with diversified businesses, and is home to influential businesspersons like Savitri Jindal, Sunil Mittal, Shiv Nadar and Kushal Pal Singh.
Also Read: Top 10 largest banks in the world
Bengaluru ranks third, with ten out of the top 100 billionaires. Called the Silicon Valley of India, it is no surprise that most of the billionaires in Bengaluru, such as Azim Premji, NR Narayan Murthi, and Nandan Nilekani, are leaders of the IT industry.
Also Read – Top 10 poorest countries in the world
Ahmedabad has seven billionaires. The city is one of the biggest manufacturing hubs in India. Most of the billionaires of Ahmedabad have their roots in manufacturing businesses. The notable names of the city are Gautam Adami, Hasmukh Chudgar, Karsanbhai Patel and Pankaj Patel.
Also Read: Top 10 richest people in India
Pune and Hyderabad
Pune and Hyderabad have four billionaires each. Four of them are the heads of health care companies, two have construction businesses, and two are the chairmen of automotive companies. The prominent billionaires of Pune and Hyderabad are Cyrus Poonawala, Baba Kalyani, Reddy Family and Murali Divi.
Also Read: Top 10 Richest People in the World
Kolkata has three billionaires. Other prominent billionaires are based in London and the UAE. Hinduja family and Laxmi Mittal reside in London, while Renuka Jagtiani and Ravi Pillai are residents of Dubai.
Many businessmen in the top 100 list have their roots in the smaller towns that eventually moved to cosmopolitan cities like Delhi and Mumbai. However, some new billionaires prefer their smaller cities for company headquarters and residence.
Also Read: Top 10 richest countries in the world
Joy Allukkas, the 50th richest person in India, has chosen Kochi and Thrissur for his residence and company headquarters. MA Yusuff, the chairman of LuLu International, has also chosen Kochi for his residence and the India headquarters of his company. KP Ramaswamy, founder and chairman of KPR Mill, is based in Coimbatore.
Acharya Balkrishna, chairman of FMCG giant Patanjali Ayurved, is long- based in a relatively smaller city, Haridwar. Sridhar Vembu, the founder and CEO of Zoho Corporation has moved his residence and office to Tenkasi, a rural town in Tamilnadu.
Also Read: Top 10 richest women in India
- Click here for Business News
- Click here for Economy News
- Click here for India News
- Click here for World News
- Click here for All News
- Return to blinzo.com Latest news Articles
- Subscribe to our Social Media Pages
Twitter Link , Facebook Link , Instagram Link, YouTube Link, Google News Link Click on the links.