Mumbai Surpasses Beijing to Become Asia’s New “Billionaire Epicentre”

New Delhi: Mumbai became ”Asia’s billionaire epicentre” for the first time, surpassing Beijing, as per the Hurun Global Rich List 2024.

According to the list, India’s financial capital, Mumbai now boasts 92 billionaires, while Beijing’s count of billionaires is 91.

In recent times, Mumbai added 26 new billionaires while Beijing lost 18.

“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,” the report read.

Globally, Mumbai now ranks third in terms of billionaires after New York, which has 119 and London 97, as per Hurun’s list.

Industries that the report attributed India’s growth in rank to were Pharmaceuticals (39) and Automobile and Auto Components (27).