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Hurun Research Institute Report
March 31 , 2024
33 days
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- Mumbai has overtaken Beijing as Asia’s billionaire capital, according to the latest report from the Shanghai-based Hurun Research Institute.
- Mumbai boasts 92 billionaires, securing its position as Asia’s third billionaire capital, trailing behind New York (119) and London (97).
- India’s economy is growing at 7.5% in 2023.
- It facilitated the addition of 94 billionaires, marking the country’s highest count since 2013.
- China is maintaining the top spot with 814 billionaires in the report.
- But it experienced a decline in ultra-rich individuals, with 155 fewer billionaires compared to 2022.
- The list encompasses 3,279 individuals from 73 countries, highlighting the global distribution of wealth.
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