Mumbai is now the Asian capital with the most number of billionaires, overtaking Beijing, according to Hurun Research Institute’s global rich list.
This is the first time that India’s most populous city has taken the top spot in Asia.
Topping the 2024 global rich list for cities is New York (119), followed by London (97). In Asia, Mumbai — India’s financial capital — moved ahead with 92 billionaires, according to Hurun. Following close behind are Beijing (91) and Shanghai (87).