Mumbai Overtakes Beijing to Become Asia's Billionaire Hub

Mumbai Overtakes Beijing to Become Asia's Billionaire Hub
India's financial hub, Mumbai, has emerged as "Asia's billionaire epicenter" for the first time. It has surpassed Beijing, as per the Hurun Global Rich List 2024. Mumbai now boasts 92 billionaires, edging past Beijing's count of 91. Mumbai is now the third biggest hub of billionaires in the world. Mumbai comes after New York and London. Meanwhile, New Delhi has made it to the top 10 nations with the highest number of billionaires. What’s behind this rise? Why is India home to so many billionaires? What does it say about India and the growing economic confidence in the nation?
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