Mumbai surpasses Beijing to become the billionaire capital of Asia
Mumbai has become the 'billionaire capital' of Asia as it now comprises of more billionaire individuals than China's cpital city of Beijing, according to the Hurun India rich list 2024.
«Home to 25% of the list – Mumbai is not only the billionaire capital of Asia, overtaking Beijing but also the preferred city for Hurun India Rich Listers, followed by New Delhi and Hyderabad,» the Hurun list data stated.
Beyond this, Mumbai also registered a net increase of 58 billionaire individuals, adding to its growth momentum, the Hurun data revealed. This was followed by New Delhi, which added 18 new billionaires.
India also beat China in terms of net billionaires, the list further stated. While India recorded an influx of 29 per cent more billionaire in the country, billionaire in China decreased by 25 per cent.
“India is emerging as Asia’s wealth creation engine! While China saw a 25% decline in its number of billionaires, India experienced a 29% increase, reaching a record 334 billionaires," said Anas Rahman Junaid, Founder and Chief Researcher, Hurun India.
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