Which of the following statements about Mumbai and Delhi

Solution

Statement A is correct as Mumbai ranks 24th and Delhi ranks 37th in the Wealthiest Cities Report 2024. Statement B is correct as the report defines wealthy individuals as HNWIs with a liquid investable wealth of USD 1 million or more. Statement C is incorrect as Dubai is noted as the wealthiest city in West Asia, not the Asia-Pacific region. • Mumbai and Delhi have been included in the top 50 of the world's wealthiest cities for the first time, ranking 24th and 37th respectively, according to the Wealthiest Cities Report 2024 by Henley & Partners and New World Wealth. • The report defines wealthy individuals as HNWIs (High Net Worth Individuals) who possess a liquid investable wealth of USD 1 million or more. It also categorizes centi-millionaires as having wealth over USD 100 million, and billionaires over USD 1,000 million. • New York City leads as the world’s wealthiest city with 349,500 millionaires, holding a combined wealth of over $3 trillion. • In terms of millionaire distribution, Mumbai houses 58,800 millionaires, 236 centi-millionaires, and 29 billionaires; Delhi includes 30,700 millionaires, 123 centi-millionaires, and 16 billionaires. • The Asia-Pacific region is highlighted in the report, with five cities in the top ten wealthiest, including Tokyo (3rd), Singapore (4th), Sydney (8th), Hong Kong (9th), and Beijing (10th). • Dubai is noted as the wealthiest city in West Asia, ranked 21st globally. • Shenzhen, China, is identified as the fastest-growing millionaire city, with its millionaire population increasing by 140% over the last ten years. Other notable rapidly growing millionaire cities include Hangzhou, Guangzhou, Delhi, Beijing, Shanghai, and Mumbai.