Mumbai Overtakes Beijing As Asia's ''Billionaire Capital'': Hurun Report

India's financial hub Mumbai has emerged as ''Asia's billionaire epicentre'' for the first time, surpassing Beijing, as per the Hurun Global Rich List 2024. According to the list, Mumbai now boasts 92 billionaires, edging past Beijing's count of 91. While Mumbai added 26 new ultra-rich to the club,  Beijing lost 18.

"Mumbai was the fastest-growing billionaire capital in the world, adding 26 in the year and taking it to third in the world and Asia's billionaire capital. New Delhi broke into the Top 10 for the first time," the report read.

Globally, Mumbai now ranks third in terms of billionaires after New York, which has 119 and London 97, as per Hurun's list.