Mumbai, Delhi among 30 cities with the richest people

Image: Cookies molded after singer Lady Gaga sit inside Gaga's Workshop at luxury department store Barneys in New York.
Photographs: Kena Betancur/Reuters.

Despite a gloomy economic scenario, there was room for wealth creation in 2012.

The number of people with $30 million or more in net assets (referred to throughout this report as HNWIs) rose by 5 per cent last year, or nearly 8,700, according to data by Wealth-X, a wealth intelligence firm.

The combined wealth held by HNWIs also grew by 2 per cent, or $566 billion, to just over $26 trillion in 2012.
Over the next 10 years, 95,000 people are forecast to break the $30 million wealth barrier – a cumulative 50% rise, which will take the total number of HNWIs across the globe to around 285,665.

The number of HNWIs in India is expected to more than double over the next 10 years, rising by 137 per cent in Mumbai alone.

This will give India - along with China and Japan - the highest number of HNWIs in Asia by 2022, says a Knight Frank report.

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Mumbai, Delhi among 30 cities with the richest people

Image: Exhibition curator Caroline de Guitaut poses with the Cullinan III and IV brooch at the Queen's Gallery in Buckingham Palace, London.
Photographs: Stefan Wermuth/Reuters.

London, United Kingdom

Rank: 2

2012: 6,015

2022: 8,202

Change: 36%

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Mumbai, Delhi among 30 cities with the richest people

Image: A Hello Kitty figurine, studded with a total of 19,636 Swarovski crystals, is displayed during a press preview of Swarovski's Hello Kitty collection at an event entitled House of Hello Kitty in Tokyo.
Photographs: Yuriko Nakao/Reuters.

Tokyo, Japan

Rank: 3

2012: 5,440

2022: 6,763

Change: 24%

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Mumbai, Delhi among 30 cities with the richest people

Image: The Maltese Falcon, a clipper sailing luxury yacht owned by U.S. venture capitalist Tom Perkins, sails into San Francisco Bay.
Photographs: Robert Galbraith/Reuters.

San Francisco, United States

Rank: 4

2012: 4,590

2022: 6,665

Change: 45%

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Mumbai, Delhi among 30 cities with the richest people

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Photographs: Phil McCarten/Reuters.

Los Angeles, United States

Rank: 5

2012: 4,520

2022: 6,075

Change: 34%

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Mumbai, Delhi among 30 cities with the richest people

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Photographs: Petar Kujundzic/Reuters.

Beijing, China

Rank; 6

2012: 2,285

2022: 5,262

Change:130%

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Mumbai, Delhi among 30 cities with the richest people

Image: A view of the new house of Mukesh Ambani, chairman of Indian energy company Reliance Industries, in Mumbai.
Photographs: Danish Siddiqui/Reuters.

Mumbai, India

Rank: 7

2012: 2,105

2022: 4,988

Change: 137%

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Mumbai, Delhi among 30 cities with the richest people

Image: Luxurious residential blocks are seen behind Happy Valley horse racing track in Hong Kong.
Photographs: Bobby Yip/Reuters.

Hong Kong

Rank: 8

2012: 3,205

2022: 4,780

Change: 49%

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Mumbai, Delhi among 30 cities with the richest people

Image: Women shop at a mall in Refice, northeast Brazil.
Photographs: Bruno Domingos/Reuters.

Sao Paulo, Brazil

Rank: 9

2012: 1,880

2022: 4,566

Change: 143%

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Mumbai, Delhi among 30 cities with the richest people

Image: A view of the Spirit of Brazil VII, part of the Pink Fleet line of luxury cruise ships belonging to the EBX Group of Brazilian billionaire Eike Batista, in Rio de Janeiro.
Photographs: Sergio Moraes/Reuters.

Rio De Janeiro, Brazil

Rank: 10

2012: 1,740

2022: 4,285

Change: 146%

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Mumbai, Delhi among 30 cities with the richest people

Image: A groomer blow dries a dog after it was bathed at a pet grooming salon in New Delhi.
Photographs: Parivartan Sharma/Reuters.

New Delhi, India

Rank: 11

2012: 1,945

2022: 4,278

Change: 120%

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Mumbai, Delhi among 30 cities with the richest people

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Photographs: Henry Romero/Reuters.

Mexico City, Mexico

Rank: 12

2012: 2,585

2022: 3,901

Change: 51%

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Mumbai, Delhi among 30 cities with the richest people

Image: A Mercedez-Benz SL600 series shimmering with Swarovski crystal glass is displayed as a security person stands guard at Sogo department store in Osaka.
Photographs: Issei Kato/Reuters.

Osaka, Japan

Rank: 13

2012: 2,970

2022: 3,813

Change: 28%

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Mumbai, Delhi among 30 cities with the richest people

Image: A woman shops in a Louis Vuitton store during Vogue's 4th Fashion's Night Out in downtown Shanghai.
Photographs: Carlos Barria/Reuters.

Shanghai, China

Rank: 14

2012: 1,415

2022: 3,704

Change:162%

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Mumbai, Delhi among 30 cities with the richest people

Image: Shoppers ride an escalator at a Target Store in Chicago.
Photographs: John Gress/Reuters.

Chicago, United States

Rank: 15

2012: 2,615

2022: 3,689

Change: 41%

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Mumbai, Delhi among 30 cities with the richest people

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Photographs: Philippe Wojazer/Reuters.

Paris, France

Rank: 16

2012: 2,860

2022: 3,672

Change: 28%

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Mumbai, Delhi among 30 cities with the richest people

Image: Samantha Cerda (L), 3, holds up her Minnie Mouse as she, Tatiana Jackson (C), Tabihta Cerda (R), and Juanita Valdez (middle rear) wait in line at the HEB Gulfgate Grocery store in Houston, Texas.
Photographs: Tim Johnson/Reuters.

Houston, United States

Rank: 17

2012: 2,295

2022: 3,397

Change: 48%

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Mumbai, Delhi among 30 cities with the richest people

Image: U.S. President Barack Obama orders a hamburger and fries at the Good Stuff Eatery on Capitol Hill in Washington.
Photographs: Jason Reed/Reuters.

Washington DC, United States

Rank: 18

2012: 2,395

2022: 3,188

Change: 33%

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Mumbai, Delhi among 30 cities with the richest people

Image: A swimming pool area is covered in snow after a storm dropped five inches of snow in downtown Dallas, Texas.
Photographs: Lucy Nicholson/Reuters.

Dallas, United States

Rank: 19

2012: 2,020

2022: 2,927

Change: 45%

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Mumbai, Delhi among 30 cities with the richest people

Image: People walk by the Apple Store in the Eaton Centre shopping mall in Toronto.
Photographs: Mark Blinch/Reuters.

Toronto, Canada

Rank: 20

2012: 1,765

2022: 2,367

Change: 34%

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Mumbai, Delhi among 30 cities with the richest people

Image: A pontoon sails down Zurich's Limmat River.
Photographs: Arnd Wiegmann/Reuters.

Zurich, Switzerland

Rank: 21

2012: 1,805

2022: 2,333

Change: 29%

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Mumbai, Delhi among 30 cities with the richest people

Image: A BMW five series is on display at the headquarters of the German luxury carmaker in Munich.
Photographs: Michael Dalder/Reuters.

Munich, Germany

Rank: 22

2012: 1,670

2022: 2,117

Change: 27%

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Mumbai, Delhi among 30 cities with the richest people

Image: A view of the Central Business District in Singapore.
Photographs: Allison Ching/Reuters.

Singapore

Rank: 23

2012: 1,345

2022: 1,930

Change: 43%

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Mumbai, Delhi among 30 cities with the richest people

Image: A Tarantula Brooch is positioned for display at a pearl exhibition in Sydney.
Photographs: Reuters.

Sydney, Australia

Rank: 24

2012: 1,405

2022: 1,925

Change: 37%

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Mumbai, Delhi among 30 cities with the richest people

Image: Ships pass the Rhine river with a partially dried-up riverbed in the western town of Dusseldorf.
Photographs: Reuters.

Dusseldorf, Germany

Rank: 25

2012: 1,420

2022: 1,872

Change: 32%

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Mumbai, Delhi among 30 cities with the richest people

Image: Hamburg.
Photographs: Wikimedia Commons.

Hamburg, Germany

Rank: 26

2012: 1,370

2022: 1,788

Change:31%

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Mumbai, Delhi among 30 cities with the richest people

Image: A view of the Jet d'Eau (water fountain) and the Lake Leman from the St-Pierre Cathedrale in Geneva, Switzerland.
Photographs: Denis Balibouse/Reuters.

Geneva, Switzerland

Rank: 27

2012: 1,360

2022: 1,724

Change: 27%

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Mumbai, Delhi among 30 cities with the richest people

Image: Rowers train at dawn on the Yarra River in Melbourne.
Photographs: Toby Melville/Reuters,

Melbourne, Australia

Rank: 28

2012: 1,150

2022: 1,621

Change: 41%

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Mumbai, Delhi among 30 cities with the richest people

Image: Stephan Winkelmann, CEO of Lamborghini, presents the new Gallardo super sports car during the Volkswagen car group preview show before the international car show 'IAA' in Frankfurt, Germany.
Photographs: Kai Pfaffenbach/Reuters.

Frankfurt, Germany

Rank: 29

2012: 1,220

2022: 1,562

Change: 28%

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Mumbai, Delhi among 30 cities with the richest people

Image: Rome.
Photographs: Reuters.

Rome, Italy

Rank: 30

2012: 1,130

2022: 1,351

Change: 20%

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