Mumbai surpasses Beijing as Asia's billionaire capital in Hurun India Rich List 2024

By Ishwi Singh  |  First Published Aug 30, 2024, 8:32 AM IST

According to the Hurun India Rich List 2024, Mumbai has surpassed Beijing to become the billionaire capital of Asia. Learn about the number of billionaires in Mumbai, Delhi, Hyderabad, and other major cities.

India's financial capital, Mumbai, has emerged as the Billionaire Capital Of Asia according to the Hurun India Rich List 2024. Mumbai added 58 new billionaires this year, bringing the total number of billionaires to 386, surpassing Beijing. This achievement makes Mumbai the wealthiest city in Asia.

Which city is the most preferred by the Rich Listers?

According to the Hurun India Rich List (Hurun India Rich List 2024), Mumbai has not only become the billionaire capital of Asia, surpassing Beijing, but is also the most preferred city for Hurun India Rich Listers. It is followed by New Delhi and Hyderabad.

What is the position of Mumbai among the top cities of India?

Mumbai is followed by the country's capital, New Delhi, which added 18 new billionaires, bringing its total to 217 on the rich list. Meanwhile, Hyderabad has also taken a significant leap this year. Surpassing Bengaluru for the first time to reach the third position in the number of wealthy residents. With the addition of 17 new billionaires, Hyderabad now has a total of 104 people on the list. Bengaluru is in fourth place with 100 wealthy individuals.

Which are the other major cities of India?

Chennai (82), Kolkata (69), Ahmedabad (67), Pune (53), Surat (28), and Gurugram (23) are also included in the top 10.

Who is the billionaire centre of Asia?

According to the Hurun Global Rich List released in March 2024, Mumbai has cemented its place as "Asia's Billionaire Hub", surpassing Beijing. According to the list, Mumbai has 92 billionaires, one more than Beijing's 91. The report noted that Mumbai added 26 new ultra-wealthy individuals last year, with a combined net worth of $445 billion, while Beijing lost 18 billionaires.

Mumbai is the fastest growing billionaire capital in the world

According to the previous report, Mumbai was the fastest growing billionaire capital in the world, adding 26 new billionaires in the year and taking it to the third position in the world and Asia's billionaire capital. New Delhi also made it to the top 10 for the first time. Currently, Mumbai is behind only New York (119) and London (97) in terms of the number of billionaires and is in third place. This spectacular progress of Mumbai has made it a major center for billionaires on the global level and has also strengthened India's economic power.

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