KCR the CM of Telangana and the IT MinisterKTR have been saying that Hyderabad will be made number one in the country. It has reached the number two sport in the country in terms of the rick indiividuals.
Hyderabad made it, second place in the list of Indian cities with the highest number of rich persons. Beating other cities, Hyderabad stood at the second position.
Compared to the previous year, the rich population went up by 11 per cent in India, while Hyderabad saw a rise in the same population by around double the percentage of the country.
A company that tracks the details of the rich persons in India has issued a report on the cities that have the richest persons. The firm said that the count of the richest people in Hyderabad has been growing steadily.
Now the count of rich individuals in the pearl city Hyderabad had reached close to 500 with as many as 467 ultra-high net worth individuals. The gap between Hyderabad and Mumbai is quite high and the Maharashtra capital has 1,596 rich people.
Coming to the scenario of Hyderabad, the sectors information technology, pharmaceuticals, and biotechnology played a big role in increasing the ultra-rich population.
The rich category mentioned by the firm is of individuals who have a net worth of more than Rs 225 crore.
