Mumbai becomes Asia’s billionaire capital: Hurun Report

According to a recently released 13th Hurun Global Rich List report of Hurun India on 26 March 2024, India’s financial capital, Mumbai, has emerged as the Asian billionaire capital, replacing China’s capital, Beijing. Mumbai has also emerged as the fastest-growing billionaire capital in the world. According to the Hurun report, the number of billionaires in Mumbai increased from 66 to 92.

Billionaires in India 

According to the report, India added the largest number of new billionaires to the list after the United States of America due to a booming stock market. 

This year,132 people were added to the billionaire list in the United States, while 94 people were added to the Indian list of billionaires for the first time. 

However, last year, 10 people included in the billionaire list were not included this year. Thus, the net addition of billionaires from India this year is 84.

The number of billionaires in India increased to 271.

Richest man in the world 

According to the 13th Hurun Global Rich List, the following are the richest people in the world:

• With $231 billion in wealth, Tesla CEO Elon Musk is the richest man in the world.
• Jeff Bezos of Amazon, with a wealth of  $ 185 billion, was at the second rank.
• Bernard Arnault, the owner of luxury brand LVMH, has a wealth of $175 billion and was in third place.
• Mark Zuckerberg of the Meta, with a wealth of $158 billion, was at 4th place.

The only Indian included in the top 10 billionaires of the world is the chairman and managing director of Reliance Industries Limited, Mukesh Ambani. However, he dropped from 9th place to 10th place.

Gautam Adani, chairman of the Adani group, was ranked 15th.

Rank of countries 

• China had the largest number of 814 billionaires. Last year, China had 956 billionaires on the Hurun list.
• The United States of America comes in second place with 800 billionaires.

Rank of Cities 

1. New York with 119 billionaires

2. London with 97 billionaires 

3. Mumbai, with 92 billionaires

4. Beijing with 91 billionaires 

5. Shanghai with 87 billionaires 

Delhi was ranked  9th with 57 billionaires. It was included for the first time in the top 10 cities with the highest number of billionaires.

Hurun is a research, media and investments group that publishes research reports. It was founded by Rupert Hoogewerf in 1999 in the United Kingdom.

The Hurun company is based in Shanghai, China.