Mumbai Tops Asia as the City with the Most Billionaires
Mumbai has surpassed Beijing to become Asia’s leading city for billionaires, according to the Hurun Global Rich List 2024. Mumbai now has 92 billionaires, while Beijing has 91.
This shift highlights Mumbai’s rapid economic growth and increasing global financial prominence. Key factors in this rise include the city’s booming energy and pharmaceutical industries, which have driven business expansion and created substantial wealth.
Mukesh Ambani, chairman of Reliance Industries, has been a major contributor to this growth. His leadership and the success of Reliance Industries have significantly increased Mumbai’s billionaire count.
Mumbai’s position at the top reflects its evolving economic landscape and growing influence as a major financial hub in Asia and beyond.
