Archive · 18 Sep 2025
Mumbai: Millionaire Capital Sees 90% Surge in 4 Years
India's rich people are getting richer, with the number of millionaires going up a lot in just a few years.
Mumbai has the most millionaires in India.
Mumbai is a major financial center with important financial institutions located there.
Millionaires like to invest in things like stocks, real estate, and gold.
Most of them are cautious with their money.
The report also tells us what luxury items they prefer, like Rolex watches.
The number of millionaires in India grew by 90% in the last four years.
Mumbai is the city with the highest number of millionaires in India.
Mumbai accounts for 80% of Maharashtra's millionaires.
Indian millionaires primarily invest in stocks, real estate, and gold.
Rolex is the preferred luxury watch brand among Indian millionaires.
- Who
- Indian Millionaires
- What
- Growth in millionaire population and Mumbai's role as a financial hub
- When
- Between 2017 and 2025; projections for the next decade
- Where
- India, specifically Mumbai
- Why
- To showcase economic growth and Mumbai's importance
- Millionaire Growth (4 years)
- 90%
- Total Millionaires in India
- 871,700
- Mumbai's Millionaires
- 142,000
- Mumbai's Contribution to Maharashtra Wealth
- 80%
- Projected Millionaire Growth (next decade)
- Double to 1.7-2 million households
- Top Luxury Watch
- Rolex
Sources
Where Billionaires Live In Mumbai: From Mukesh Ambani’s Rs 15,000 Crore, 27-Storey Antilia At Tardeo With Rolls-Royces And Mercedes To Shah Rukh Khan’s Iconic Mannat In Bandra West With A Bugatti Veyr