Mumbai 12th wealthiest city globally

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Mumbai, the financial capital of India with a net wealth of $950 billion has been ranked amongst the top 15 cities when compared in terms of the total wealth of the cities. New York City topped the list of wealthiest cities.
From the reports of New World Wealth, Mumbai, or the Economic hub of India, it is called, is ranked 12th in the list of the wealthiest city across the globe. This 12th rank followed by Toronto city with a net wealth of $944 billion, Frankfurt with $ 912 billion and Paris with $ 860 billion.
By net or total wealth we mean the private wealth that is possessed by all of the individuals living in that city.  The total wealth includes assets in terms of property, equities, cash, and business interests minus liabilities if any. The funds from the Government are also not included in the total wealth.
In terms of billionaire population, Mumbai is amongst the top 10 cities. This city shelters 28 billionaires including $1 billion and more.
The Total wealth of Mumbai city, the economic hub of India is worth $950 billion.  Bombay Stock Exchange also belongs to this city.  Some of the major industries that are found here are financial services, media, and real estate.
Mumbai city is the fastest growing city. This list of top 15 wealthy cities is topped by New York City with a net or total wealth of $3 trillion.

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