Forbes magazine has reported on Wednesday that Mumbai India’s financial capital is the world’s seventh largest city in terms of billionaire population.

According to a list of top 10 cities for billionaires available on the website of Forbes, Mumbai is ranked seventh ahead of San Francisco, Dallas & Tokyo.

In terms of average wealth of resident billionaires, Mumbai comes on top of all the 10 cities with an average net worth of 7.6 billion dollars.

The Russian capital city Moscow has bagged the numero uno position in terms of billionaire population. Moscow houses the largest number of billionaires, as much as 74, while New York & London are home to 71 & 36 billionaires respectively.