Indian Financial Capital Mumbai is Asia’s new billionaire capital with more billionaires than China’s capital Beijing, as per the 2024 Hurun India Rich List. Mumbai saw an increase of 58 billionaire individuals, taking its total tally to 386 on the list.
Other Indian city following Mumbai was Delhi, which has added 18 new billionaires, taking its rich list entries to 217.
Hyderabad surpassed Bengaluru for the first time to take the third position in the number of wealthy residents.
There were 17 new billionaires in Hyderabad which took the total number to 104 which is followed by Bengaluru at the fourth position with 100 wealthy individuals.
Other cities in the top 10 are Chennai (82), Kolkata (69), Ahmedabad (67), Pune (53), Surat (28) and Gurugram (23).
With Asia’s billionaire epicenter Mumbai is now home to 92 billionaires compared to Beijing’s count of 91. India’s financial capital added 26 new ultra-rich individuals having a total wealth of $445 billion to the club in the same time when China’s capital city lost 18.
Mumbai currently ranks third globally in the number of billionaires, followed by New York with 119 and London with 97.
