Mumbai Takes Billionaire Crown: Asia's Richest City Shifts

  • Mumbai dethrones Beijing as Asia's billionaire capital for the first time, according to the Hurun Rich List 2024.
  • The financial hub of India now boasts 92 billionaires, with a combined wealth exceeding $445 billion.
  • This marks a significant 47% increase in Mumbai's billionaire wealth compared to last year.
  • China still holds the top spot globally for the total number of billionaires (814), but their numbers have declined.
  • This shift reflects India's growing economic strength and a maturing business landscape attracting and nurturing wealth creation.

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