Mumbai overtakes Beijing as Asia’s billionaire hub: Hurun report

Mumbai overtakes Beijing as Asia’s billionaire hub: Hurun report

Upgraded – March 26, 2024 at 11:45 AM.

India includes 100 brand-new billionaires to take overall count to 271, China tops list with 814 billionaires

New Delhi has actually signed up with Mumbai amongst the leading 10 cities for billionaires|Image Credit: mthipsorn

In a substantial shift, Mumbai has actually dismissed Beijing as Asia’s billionaire capital, marking a historical turning point in the current Hurun Global Rich List 2024. With 271 billionaires, India now stands 3rd worldwide in regards to billionaire count.

The report reveals an overall of 3,279 billionaires worldwide, with 167 additions in the previous year. While China kept its lead with 814 billionaires, India included almost 100 brand-new billionaires, while China saw a decrease of 155.

This meteoric increase in India’s billionaire count shows financial self-confidence, with Mumbai becoming a sign of the nation’s growing success. New Delhi’s entry into the leading 10 cities for billionaires highlights India’s increasing prominence on the worldwide wealth map.

Amongst the international elite, Reliance Industries Chairman Mukesh Ambani protects the 10th position. Elon Musk maintains his position as the most affluent individual, with brand-new entrants like Mark Zuckerberg and Larry Page making waves in the leading 10 rankings.

The report likewise highlights the entry of artist Taylor Swift into the billionaire club, her wealth totaling up to $1.2 billion, is associated mainly to her music royalties and visiting earnings.

The leading 10 cities with billionaires consist of, New York, London, Mumbai, Beijing, Shanghai, Shenzhen, Hong Kong, Moscow, New Delhi, and San Francisco.

The report stated, “India has actually had a very strong year, including nearly 100 billionaires. Self-confidence in the economy grew to tape-record levels. Mumbai surpassed Beijing to end up being Asia’s billionaire capital (for the very first time in the history of Hurun list) and the Top 3 cities internationally.”

The leading 10 countries with billionaires consist of, China, the United States, India, the UK, Germany, Switzerland, Russia, Italy, France and Brazil.

The leading 10 international billionaires consist of, Elon Musk (Tesla), Jeff Bezos (Amazon), Bernard Arnault (LVMH), Mark Zuckerberg (Meta), Larry Ellison (Oracle), Warren Buffet (Berkshire Hathaway), Steve Ballmer (Microsoft), Bill Gates (Microsoft), Larry Page (Alphabet), Mukesh Ambani (Reliance markets).

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