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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
A woman carries shopping bags on Oxford Street in London, United Kingdom.

Almost all of the billionaires until recently came either from the United States or other Western cities, but now the picture is changing. When it comes to number of billionaires, cities in the developing world are fast catching up with the developed world.

Let's take a look at 20 cities that have most billionaires in the world.

Source: Business Insider and wealthinsight.com

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
Skyline of New York City's Lower Manhattan and One World Trade Center, United States.

New York City

Number of billionaires: 70

Global rank: 1

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
A view of Moscow's Kremlin, Ministry of Foreign Affairs and Moscow City business district in Russia.

Moscow

Number of billionaires: 64

Global rank: 2

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
A view from the London Eye shows the Houses of Parliament in central London, United Kingdom.

London

Number of billionaires: 54

Global rank: 3

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
A view of Central District in Hong Kong.

Hong Kong

Number of billionaires: 40

Global rank: 4

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
A view of Beijing's Central Business District in China.

Beijing

Number of billionaires: 29

Global rank: 5

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
A horse-drawn carriage carrying tourists moves past the Taj Mahal hotel in Mumbai.

Mumbai

Number of billionaires: 26

Global rank: 6

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
A view of Istanbul's financial district in Turkey.

Istanbul

Number of billionaires: 24

Global rank: 7

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
A view shows vehicles travelling on intersections at night in downtown Shanghai, China.

Shanghai

Number of billionaires: 23

Global rank: 8

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
People walk past the Printemps department store in Paris, France.

Paris

Number of billionaires: 22

Global rank: 9

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
A view of downtown Los Angeles in United States.

Los Angeles

Number of billionaires: 19

Global rank: 10

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
Shenzhen Bay Bridge, or the Hong Kong-Shenzhen Western Corridor, in Shenzhen, China.

Shenzhen

Number of billionaires: 19

Global rank: 11

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
Ten-year-old Adam Kane, of Alton, Illinois, is interviewed by a television reporter as they stand on 'The Ledge', a five-sided glass box, 1,353ft above the street in Chicago, United States.

Chicago

Number of billionaires: 15

Global rank: 12

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
A cyclist rides past the skyline of the Central Business District in Singapore.

Singapore

Number of billionaires: 13

Global rank: 13

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
Mt Fuji, covered with snow, is seen through Shinjuku skyscrapers in Tokyo, Japan.

Tokyo

Number of billionaires: 12

Global rank: 14

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
The 610-metre high Guangzhou TV & Sightseeing Tower, left, in the southern Chinese city of Guangzhou.

Guangzhou

Number of billionaires: 12

Global rank: 15

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
A view of Dolores Park in San Francisco, California, United States.

San Francisco

Number of billionaires: 11

Global rank: 16

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
A view of 446-foot-high Margaret Hunt Hill Bridge in Dallas, Texas, United States.

Dallas

Number of billionaires: 11

Global rank: 17

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
A view of Burj Khalifa, the world's tallest tower, and Dubai Mall in the United Arab Emirates.

Dubai

Number of billionaires: 11

Global rank: 18

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
Space shuttle Endeavour, atop Nasa's Shuttle Carrier Aircraft, flies over Houston, Texas, United States.

Houston

Number of billionaires: 10

Global rank: 19

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Mumbai among 20 cities in the world with most billionaires

Last updated on: May 10, 2013 19:50 IST
People ride horses along a main avenue in the financial centre of Sao Paulo during World Car Free Day in Brazil.

Sao Paulo

Number of billionaires: 10

Global rank: 20