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Mumbai overtakes Beijing to become world's third Billionaire city with 92 Billionaires

Now, Mumbai and New Delhi are leading in the list of Cities with the Most Billionaire, Mumbai is the 3rd after New York and London


Mumbai Billionaire list india

As per the report released in India this year, 84 new names have been added to the list of billionaires in india, last year there were a total of 169 billionaires in India. And surprisingly this number has increased tremendously in one year with a hold of 271 Billionaires. Hurun called Mumbai "Asia's Billionaire Epicentre" and " Future Economic Titan" in its report. 


There are total 3279 billionaires in the world. In this time's Billionaire list, the number of billionaires in countries like Japan, China, Brazil and Indonesia was seen falling drastically. In the same list it was also told that this year was very bad for China, in this list the number of Billionaires in Hong Kong decreased by 20%, in Shenzhen or Shanghai a decline of 19% or 7% was seen.

Mumbai Outrank Beijing 


According to the report, Mumbai is the third City with Highest Billionaire after New York and London which have 119 Billionaire and 97 Billionaire, respectively. 
This year, 26 more names have been added to the billionaire list of Mumbai and on the other hand, 18 names have decreased in the billionaire list of China's capital Beijing.

Mumbai "Fastest Growing Billionaire"


The Hurun Global Rich List 2024 reports, "Mumbai emerged as the fastest-growing billionaire capital worldwide, with a remarkable addition of 26 billionaires within the year, propelling it to the third spot globally and cementing its status as Asia's billionaire capital. Additionally, New Delhi made its debut in the Top 10."

The founder of Hurun India said 


Anas Rahman Junaid,  the founder and chief researcher of Hurun India stated that" The 2024 Hurun Global Rich List underscores India's ascension as a future economic titan, poised to secure its place as the world's third-largest economy. 

Surpassing all but the United States, India's unprecedented billionaire boom propels Mumbai past Beijing, crowning it as Asia's billionaire epicentre. Yet, as we stand on the brink of revolutions in electric vehicles, space technology, and AI, India's startup ecosystem is just beginning to unveil its potential. The next decade holds a clear message: overlooking the Indian narrative is a risk no visionary can afford,'' 

"The number of known billionaires in the world is up 5 per cent to just under 3300, mainly on the back of a strong performance in stock markets. The Hurun Global Rich List tells the story of the global economy through the stories of the world’s richest individuals. Who’s up and who’s down highlights the economic trends of sectors and countries."

List of Top 10 Cities with Highest Number of Billionaires 


  1. New York , 119 Billionaire
  2. London , 97 Billionaire 
  3. Mumbai , 92 Billionaire
  4. Beijing , 91 Billionaire 
  5. Shanghai , 87 Billionaire 
  6. Shenzhen , 84 Billionaire 
  7. Hongkong , 85 Billionaire 
  8. Moscow
  9. New Delhi 
  10. San Francisco 

About Hurun Report 


Just like Forbes, it publishes its report every year. This is a London based company which was established in 1998, and is known all over the world regarding its wealth evaluation.

According to Hurun report, in India's billionaires list, 39 billionaires are from the pharmaceutical sector, 27 billionaires are from the auto component sector or 24 billionaires are from the chemical sector.  

In an Twitter post Hurun India reported that, "Marking a historic milestone, Mumbai has emerged as Asia's billionaire epicenter, surpassing Beijing for the first time ever. The 2024 Hurun Global Rich List underscores India's escalating influence on the global platform". 


Mumbai "A Historic Milestone"


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