The latest list of richest Indians, compiled by Forbes magazine, has named 23 billionaires from Mumbai. Delhi accounts for only 12 such people.

Among top five richest Indians living in India, two are from Mumbai and two from Delhi. But, Mumbaikars enjoy higher ranks than the Delhiites.

The billionaires from Mumbai are led by Ambani brothers - Mukesh (2nd rank) and Anil (3rd rank) - with fortunes to the tune of $49 billion and $45 billion respectively.

In Delhi, the richest person is Kushal Pal Singh of DLF (4th rank) with fortunes worth $35 billion, followed by Bharti Airtel's [Get Quote] Sunil Mittal (6th rank) whose wealth adds up to $12.5 billion.

Among other cities, Pune and Bangalore has six billionaires each. Meanwhile, in the list of 'India's 40 Richest', there are 15 billionaires from Mumbai, 10 from Delhi, five from Pune and four from Bangalore. In this list, Ahmedabad and Hyderabad have a billionaire each.

There are 14 Indians, with wealth of $1 billion each, who have not made a cut into the '40 Richest' list, according to the magazine.

Eight of them are from Mumbai and two from Delhi. Naresh Goyal of Jet Airways [Get Quote], Nandan Nilekani of Infosys [Get Quote], Kishore Biyani of Pantaloon [Get Quote] Retail and Pradeep Jain of Parsvnath Developers [Get Quote] are among these people.