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According to the Hurun Research Institute report 2024, Mumbai has emerged as Asia's new billionaire capital, outranking Beijing.
The financial capital of India now boasts 92 billionaires, overtaking Beijing's count of 91 and solidifying its status as a thriving center for wealth creation.
The report, titled "Hurun Global Rich List 2024," highlighted Mumbai's meteoric rise, stating, "Mumbai was the fastest-growing billionaire capital in the world, adding 26 in the year and taking it to third in the world and Asia's billionaire capital. New Delhi broke into the Top 10 for the first time."
Globally, Mumbai now ranks third in terms of billionaires after New York, which has the most billionaires- 119- after seven years, followed by London with 97, as per the list.