Photographs: Kena Betancur/Reuters.
Despite a gloomy economic scenario, there was room for wealth creation in 2012.
The number of people with $30 million or more in net assets (referred to throughout this report as HNWIs) rose by 5 per cent last year, or nearly 8,700, according to data by Wealth-X, a wealth intelligence firm.
The combined wealth held by HNWIs also grew by 2 per cent, or $566 billion, to just over $26 trillion in 2012.
Over the next 10 years, 95,000 people are forecast to break the $30 million wealth barrier – a cumulative 50% rise, which will take the total number of HNWIs across the globe to around 285,665.
The number of HNWIs in India is expected to more than double over the next 10 years, rising by 137 per cent in Mumbai alone.
This will give India - along with China and Japan - the highest number of HNWIs in Asia by 2022, says a Knight Frank report.
...
Mumbai, Delhi among 30 cities with the richest people
Image: Exhibition curator Caroline de Guitaut poses with the Cullinan III and IV brooch at the Queen's Gallery in Buckingham Palace, London.Photographs: Stefan Wermuth/Reuters.
London, United Kingdom
Rank: 2
2012: 6,015
2022: 8,202
Change: 36%
Mumbai, Delhi among 30 cities with the richest people
Image: A Hello Kitty figurine, studded with a total of 19,636 Swarovski crystals, is displayed during a press preview of Swarovski's Hello Kitty collection at an event entitled House of Hello Kitty in Tokyo.Photographs: Yuriko Nakao/Reuters.
Tokyo, Japan
Rank: 3
2012: 5,440
2022: 6,763
Change: 24%
Mumbai, Delhi among 30 cities with the richest people
Image: The Maltese Falcon, a clipper sailing luxury yacht owned by U.S. venture capitalist Tom Perkins, sails into San Francisco Bay.Photographs: Robert Galbraith/Reuters.
San Francisco, United States
Rank: 4
2012: 4,590
2022: 6,665
Change: 45%
...
Mumbai, Delhi among 30 cities with the richest people
Image: Lily models the Penelope gown, inspired by the gown worn by Penelope Cruz to the Oscars in 2007, at Little Lily in Los Angeles, California.Photographs: Phil McCarten/Reuters.
Los Angeles, United States
Rank: 5
2012: 4,520
2022: 6,075
Change: 34%
...
Mumbai, Delhi among 30 cities with the richest people
Image: Staff introduce a model of the latest Audi vehicle during a media tour at the opening ceremony of a new Audi China building in Beijing.Photographs: Petar Kujundzic/Reuters.
Beijing, China
Rank; 6
2012: 2,285
2022: 5,262
Change:130%
...
Mumbai, Delhi among 30 cities with the richest people
Image: A view of the new house of Mukesh Ambani, chairman of Indian energy company Reliance Industries, in Mumbai.Photographs: Danish Siddiqui/Reuters.
Mumbai, India
Rank: 7
2012: 2,105
2022: 4,988
Change: 137%
...
Mumbai, Delhi among 30 cities with the richest people
Image: Luxurious residential blocks are seen behind Happy Valley horse racing track in Hong Kong.Photographs: Bobby Yip/Reuters.
Hong Kong
Rank: 8
2012: 3,205
2022: 4,780
Change: 49%
...
Mumbai, Delhi among 30 cities with the richest people
Image: Women shop at a mall in Refice, northeast Brazil.Photographs: Bruno Domingos/Reuters.
Sao Paulo, Brazil
Rank: 9
2012: 1,880
2022: 4,566
Change: 143%
...
Mumbai, Delhi among 30 cities with the richest people
Image: A view of the Spirit of Brazil VII, part of the Pink Fleet line of luxury cruise ships belonging to the EBX Group of Brazilian billionaire Eike Batista, in Rio de Janeiro.Photographs: Sergio Moraes/Reuters.
Rio De Janeiro, Brazil
Rank: 10
2012: 1,740
2022: 4,285
Change: 146%
...
Mumbai, Delhi among 30 cities with the richest people
Image: A groomer blow dries a dog after it was bathed at a pet grooming salon in New Delhi.Photographs: Parivartan Sharma/Reuters.
New Delhi, India
Rank: 11
2012: 1,945
2022: 4,278
Change: 120%
...
Mumbai, Delhi among 30 cities with the richest people
Image: A store offers 40 to 50 percent discount on its products in Mexico City.Photographs: Henry Romero/Reuters.
Mexico City, Mexico
Rank: 12
2012: 2,585
2022: 3,901
Change: 51%
...
Mumbai, Delhi among 30 cities with the richest people
Image: A Mercedez-Benz SL600 series shimmering with Swarovski crystal glass is displayed as a security person stands guard at Sogo department store in Osaka.Photographs: Issei Kato/Reuters.
Osaka, Japan
Rank: 13
2012: 2,970
2022: 3,813
Change: 28%
...
Mumbai, Delhi among 30 cities with the richest people
Image: A woman shops in a Louis Vuitton store during Vogue's 4th Fashion's Night Out in downtown Shanghai.Photographs: Carlos Barria/Reuters.
Shanghai, China
Rank: 14
2012: 1,415
2022: 3,704
Change:162%
...
Mumbai, Delhi among 30 cities with the richest people
Image: Shoppers ride an escalator at a Target Store in Chicago.Photographs: John Gress/Reuters.
Chicago, United States
Rank: 15
2012: 2,615
2022: 3,689
Change: 41%
...
Mumbai, Delhi among 30 cities with the richest people
Image: Fabrizio Freda (R), President and CEO, The Estee Lauder Companies, and Karen Buglisi (L), Global Brand President, M.A.C Cosmetics, pose in the M.A.C shop in Paris.Photographs: Philippe Wojazer/Reuters.
Paris, France
Rank: 16
2012: 2,860
2022: 3,672
Change: 28%
...
Mumbai, Delhi among 30 cities with the richest people
Image: Samantha Cerda (L), 3, holds up her Minnie Mouse as she, Tatiana Jackson (C), Tabihta Cerda (R), and Juanita Valdez (middle rear) wait in line at the HEB Gulfgate Grocery store in Houston, Texas.Photographs: Tim Johnson/Reuters.
Houston, United States
Rank: 17
2012: 2,295
2022: 3,397
Change: 48%
...
Mumbai, Delhi among 30 cities with the richest people
Image: U.S. President Barack Obama orders a hamburger and fries at the Good Stuff Eatery on Capitol Hill in Washington.Photographs: Jason Reed/Reuters.
Washington DC, United States
Rank: 18
2012: 2,395
2022: 3,188
Change: 33%
...
Mumbai, Delhi among 30 cities with the richest people
Image: A swimming pool area is covered in snow after a storm dropped five inches of snow in downtown Dallas, Texas.Photographs: Lucy Nicholson/Reuters.
Dallas, United States
Rank: 19
2012: 2,020
2022: 2,927
Change: 45%
...
Mumbai, Delhi among 30 cities with the richest people
Image: People walk by the Apple Store in the Eaton Centre shopping mall in Toronto.Photographs: Mark Blinch/Reuters.
Toronto, Canada
Rank: 20
2012: 1,765
2022: 2,367
Change: 34%
...
Mumbai, Delhi among 30 cities with the richest people
Image: A pontoon sails down Zurich's Limmat River.Photographs: Arnd Wiegmann/Reuters.
Zurich, Switzerland
Rank: 21
2012: 1,805
2022: 2,333
Change: 29%
...
Mumbai, Delhi among 30 cities with the richest people
Image: A BMW five series is on display at the headquarters of the German luxury carmaker in Munich.Photographs: Michael Dalder/Reuters.
Munich, Germany
Rank: 22
2012: 1,670
2022: 2,117
Change: 27%
...
Mumbai, Delhi among 30 cities with the richest people
Image: A view of the Central Business District in Singapore.Photographs: Allison Ching/Reuters.
Singapore
Rank: 23
2012: 1,345
2022: 1,930
Change: 43%
...
Mumbai, Delhi among 30 cities with the richest people
Image: A Tarantula Brooch is positioned for display at a pearl exhibition in Sydney.Photographs: Reuters.
Sydney, Australia
Rank: 24
2012: 1,405
2022: 1,925
Change: 37%
...
Mumbai, Delhi among 30 cities with the richest people
Image: Ships pass the Rhine river with a partially dried-up riverbed in the western town of Dusseldorf.Photographs: Reuters.
Dusseldorf, Germany
Rank: 25
2012: 1,420
2022: 1,872
Change: 32%
...
Mumbai, Delhi among 30 cities with the richest people
Image: Hamburg.Photographs: Wikimedia Commons.
Hamburg, Germany
Rank: 26
2012: 1,370
2022: 1,788
Change:31%
...
Mumbai, Delhi among 30 cities with the richest people
Image: A view of the Jet d'Eau (water fountain) and the Lake Leman from the St-Pierre Cathedrale in Geneva, Switzerland.Photographs: Denis Balibouse/Reuters.
Geneva, Switzerland
Rank: 27
2012: 1,360
2022: 1,724
Change: 27%
...
Mumbai, Delhi among 30 cities with the richest people
Image: Rowers train at dawn on the Yarra River in Melbourne.Photographs: Toby Melville/Reuters,
Melbourne, Australia
Rank: 28
2012: 1,150
2022: 1,621
Change: 41%
Click NEXT to read
Mumbai, Delhi among 30 cities with the richest people
Image: Stephan Winkelmann, CEO of Lamborghini, presents the new Gallardo super sports car during the Volkswagen car group preview show before the international car show 'IAA' in Frankfurt, Germany.Photographs: Kai Pfaffenbach/Reuters.
Frankfurt, Germany
Rank: 29
2012: 1,220
2022: 1,562
Change: 28%
...
Mumbai, Delhi among 30 cities with the richest people
Image: Rome.Photographs: Reuters.
Rome, Italy
Rank: 30
2012: 1,130
2022: 1,351
Change: 20%
article