Mumbai has emerged as the ‘billionaire capital’ of Asia, surpassing Beijing, according to the Hurun India rich list 2024. The city now hosts 25% of India’s billionaires, adding 58 new billionaires. India saw a 29% rise in billionaires, while China experienced a 25% decline, emphasizing India’s growing economic prowess.
Mumbai surpasses Beijing to become the billionaire capital of Asia
