| GEO World|
| Mumbai world's 7th largest billionaire city|
| Updated at: 1028 PST, Wednesday, May 07, 2008|
NEW DELHI: India’s financial capital Mumbai is the worlds' seventh largest city in terms of billionaire population, says the American business magazine famous for its annual list of richest people on the globe.
Mumbai is ranked seventh ahead of San Francisco, Dallas and Tokyo, according to a list of top 10 cities for billionaires available on the website of the magazine.
Hong Kong is the most popular city for billionaires in Asia. As many as 30 billionaires live in this former British colony. But "Mumbai, earns bragging rights as the city on our list with the richest billionaires," the magazine added.
"Mumbai's 20 billionaires, including two of the world's 10 richest (brothers Mukesh and Anil Ambani), are worth an average 7.6 billion dollar, handily besting Moscow's 5.9 billion dollar average," the magazine added.
The US has more cities in the top 10 than any other country: four including New York, Los Angeles, Dallas and San Francisco.
London houses just 36 billionaires whose primary residence is the UK capital. But interestingly 18 of them are citizens of other countries.
Leading that list is Indian steel tycoon Lakshmi Mittal, who ranked fourth in our March wealthiest billionaires list (he was worth 45 billion dollar then).