Mumbai among world's top ten billionaire cities: Forbes

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.