Mumbai among 20 cities in the world with most billionaires

Image: A woman carries shopping bags on Oxford Street in London, United Kingdom.
Photographs: Simon Kreitem/Reuters

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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Tags: Mumbai , United States

Mumbai among 20 cities in the world with most billionaires

Image: Skyline of New York City's Lower Manhattan and One World Trade Center, United States.
Photographs: Eduardo Munoz/Reuters

New York City

Number of billionaires: 70

Global rank: 1

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Tags: New York City , Mumbai

Mumbai among 20 cities in the world with most billionaires

Image: A view of Moscow's Kremlin, Ministry of Foreign Affairs and Moscow City business district in Russia.
Photographs: Anton Golubev/Reuters

Moscow

Number of billionaires: 64

Global rank: 2

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Tags: Mumbai , Moscow

Mumbai among 20 cities in the world with most billionaires

Image: A view from the London Eye shows the Houses of Parliament in central London, United Kingdom.
Photographs: John Goh/Reuters

London

Number of billionaires: 54

Global rank: 3

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Tags: Mumbai , London

Mumbai among 20 cities in the world with most billionaires

Image: A view of Central District in Hong Kong.
Photographs: Bobby Yip/Reuters

Hong Kong

Number of billionaires: 40

Global rank: 4

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Tags: Mumbai , Hong Kong

Mumbai among 20 cities in the world with most billionaires

Image: A view of Beijing's Central Business District in China.
Photographs: Jason Lee/Reuters

Beijing

Number of billionaires: 29

Global rank: 5

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Tags: Mumbai , Beijing

Mumbai among 20 cities in the world with most billionaires

Image: A horse-drawn carriage carrying tourists moves past the Taj Mahal hotel in Mumbai.
Photographs: Danish Siddiqui/Reuters

Mumbai

Number of billionaires: 26

Global rank: 6

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Tags: Mumbai

Mumbai among 20 cities in the world with most billionaires

Image: A view of Istanbul's financial district in Turkey.
Photographs: Murad Sezer/Reuters

Istanbul

Number of billionaires: 24

Global rank: 7

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Tags: Mumbai , Istanbul

Mumbai among 20 cities in the world with most billionaires

Image: A view shows vehicles travelling on intersections at night in downtown Shanghai, China.
Photographs: Aly Song/Reuters

Shanghai

Number of billionaires: 23

Global rank: 8

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Tags: Mumbai , Shanghai

Mumbai among 20 cities in the world with most billionaires

Image: People walk past the Printemps department store in Paris, France.
Photographs: Charles Platiau/Reuters

Paris

Number of billionaires: 22

Global rank: 9

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Tags: Mumbai , Paris

Mumbai among 20 cities in the world with most billionaires

Image: A view of downtown Los Angeles in United States.
Photographs: Mario Anzuoni/Reuters

Los Angeles

Number of billionaires: 19

Global rank: 10

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Tags: Mumbai

Mumbai among 20 cities in the world with most billionaires

Image: Shenzhen Bay Bridge, or the Hong Kong-Shenzhen Western Corridor, in Shenzhen, China.
Photographs: Paul Hilton/Pool/Reuters

Shenzhen

Number of billionaires: 19

Global rank: 11

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Tags: Mumbai

Mumbai among 20 cities in the world with most billionaires

Image: 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.
Photographs: Frank Polich/Reuters

Chicago

Number of billionaires: 15

Global rank: 12

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Tags: Mumbai , Chicago

Mumbai among 20 cities in the world with most billionaires

Image: A cyclist rides past the skyline of the Central Business District in Singapore.
Photographs: Edgar Su/Reuters

Singapore

Number of billionaires: 13

Global rank: 13

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Tags: Mumbai , Singapore

Mumbai among 20 cities in the world with most billionaires

Image: Mt Fuji, covered with snow, is seen through Shinjuku skyscrapers in Tokyo, Japan.
Photographs: Kimimasa Mayama/Reuters

Tokyo

Number of billionaires: 12

Global rank: 14

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Tags: Mumbai , Tokyo

Mumbai among 20 cities in the world with most billionaires

Image: The 610-metre high Guangzhou TV & Sightseeing Tower, left, in the southern Chinese city of Guangzhou.
Photographs: Tyrone Siu/Reuters

Guangzhou

Number of billionaires: 12

Global rank: 15

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Tags: Mumbai , Guangzhou

Mumbai among 20 cities in the world with most billionaires

Image: A view of Dolores Park in San Francisco, California, United States.
Photographs: Robert Galbraith/Reuters

San Francisco

Number of billionaires: 11

Global rank: 16

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Tags: Mumbai

Mumbai among 20 cities in the world with most billionaires

Image: A view of 446-foot-high Margaret Hunt Hill Bridge in Dallas, Texas, United States.
Photographs: Mike Stone/Reuters

Dallas

Number of billionaires: 11

Global rank: 17

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Tags: Mumbai , Dallas

Mumbai among 20 cities in the world with most billionaires

Image: A view of Burj Khalifa, the world's tallest tower, and Dubai Mall in the United Arab Emirates.
Photographs: Ahmed Jadallah/Reuters

Dubai

Number of billionaires: 11

Global rank: 18

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Tags: Mumbai , Dubai

Mumbai among 20 cities in the world with most billionaires

Image: Space shuttle Endeavour, atop Nasa's Shuttle Carrier Aircraft, flies over Houston, Texas, United States.
Photographs: Sheir Locke/Nasa/Handout/Reuters

Houston

Number of billionaires: 10

Global rank: 19

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Tags: Mumbai , Houston

Mumbai among 20 cities in the world with most billionaires

Image: People ride horses along a main avenue in the financial centre of Sao Paulo during World Car Free Day in Brazil.
Photographs: Paulo Whitaker/Reuters

Sao Paulo

Number of billionaires: 10

Global rank: 20

Tags: Mumbai , Sao Paulo

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