Mumbai has become Asia’s new billionaire capital, surpassing Beijing, the Hurun Research Institute report says.
According to 360 ONE Wealth Hurun India Rich List 2023, Mumbai has 92 billionaires, overtaking Beijing’s count and solidifying its status as a thriving center for wealth creation.
The city remains 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. Meanwhile, also New Delhi broke into the Top 10 for the first time.
Mumbai is the preferred city for India’s biggest wealth creators as it accommodates 25% of the entrants in the list followed by New Delhi and Bengaluru.
Regarding specific industries, the pharmaceutical sector leads the pack with 39 billionaires, followed by the automobile and auto components industry (27), and the chemicals sector (24).
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