Mumbai becomes Asia’s new “billionaires capital”

India’s Mumbai city has become the new “capital of the wealthy” in Asia with 92 billionaires.

According to a report by Nikkei Asia, based on the Hurun Research Institute in Shanghai, Mumbai surpassed Beijing with 92 billionaires, becoming the city with the most billionaires in Asia.

According to the institute’s report, New York has 119 billionaires, London has 97 billionaires, while Mumbai ranked third globally with 92 billionaires.

While there are a total of 271 billionaires in India, the Mumbai economy grew by 7.5% in 2023.

In country-based evaluations, China leads with 814 billionaires, observed to have decreased by 155 compared to 2022.

The United States ranks second in the country billionaire list with 800 billionaires.

In the US, leaders in the economy were the artificial intelligence and information technology sectors. Nvidia CEO Jensen Huang, with $48 billion, made it into the top 30 on the list, while significant increases were observed in the wealth of owners of Google, Meta, and Microsoft.

In addition to the increase in wealth in the technology sector, the increase in the wealth of American singer Taylor Swift to $1.2 billion also drew attention.”

source: prepared by Melisa Beğiç

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