Centres of wealth

Centres of wealth

Mumbai and Shanghai are expected to catch up with the world’s two leading hubs for high networth investors, New York and London, in the next 10 years, a new wealth report prepared by Knight Frank and Citi Private Bank says. The two cities also figure among the top five cities across the globe for entrepreneurs.

Also See | Top 20 global cities in 10 years (PDF)

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Investment patterns

Prime property remains a key investment avenue for wealthy individuals across the world, but the allocation to property is higher in India, a new wealth report prepared by Knight Frank and Citi Private Bank says. The report was completed online in the beginning of 2011 by 160 Citi Private Bank wealth advisers representing almost 5,000 ultra high net-worth individuals (HNIs) from 36 countries and worth, on average, at least $100 million. Some of the key findings of the survey:

Also See | Cities with the most expensive luxury apartments (PDF)

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