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Hyderabad emerged as the fourth richest city in the country

Written By Indiagreat .in on Wednesday, 5 October 2016 | 10:27:00

Hyderabad emerged as the fourth richest city in the country, with a total wealth of $310 billion (or Rs 2,061,190 crore). 

The city of pearls is home to 8,200 millionaires and seven 7 billionaires, according to a report by New World Wealth, a global wealth intelligence and market research company.

Millionaires or high net worth individuals (HNWIs) refer to individuals with net assets of $1 million or more. Billionaires refer to individuals with net assets of $1 billion or more. 

Total wealth refers to the private wealth held by all individuals. The report defines ‘wealth’ as the net assets of a person. It includes all their assets (property, cash, equity, business interests) less any liabilities. 
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