Mumbai overtakes Beijing to become Asia's billionaire capital for the first time

Mumbai overtakes Beijing to become Asia's billionaire capital for the first time​

Topping the 2024 global rich list for cities is New York (119), followed by London (97). In Asia, Mumbai — India's financial capital — moved ahead with 92 billionaires, according to Hurun. Following close behind are Beijing (91) and Shanghai (87). 🍵

Mumbai overtakes Beijing to become Asia's billionaire capital for the first time

Mumbai is now the Asian capital with the most number of billionaires, according to Hurun Research Institute's global rich list.

www.cnbc.com

Mumbai is now the Asian capital with the most number of billionaires, overtaking Beijing, according to Hurun Research Institute's global rich list. 🍵

Mumbai overtakes Beijing to become Asia's billionaire capital for the first time

Mumbai is now the Asian capital with the most number of billionaires, according to Hurun Research Institute's global rich list.

www.cnbc.com

 

[Santosh1976]

Hurun India Rich List 2024: Mumbai surpasses Beijing to become the billionaire capital of Asia​

Mumbai has emerged as the 'billionaire capital' of Asia, surpassing Beijing, according to the Hurun India rich list 2024. The city now hosts 25% of India's billionaires, adding 58 new billionaires. India saw a 29% rise in billionaires, while China experienced a 25% decline, emphasizing India's growing economic prowess. 🍵

Hurun India Rich List 2024: Mumbai surpasses Beijing to become the billionaire capital of Asia

Mumbai has emerged as the 'billionaire capital' of Asia, surpassing Beijing, according to the Hurun India rich list 2024. The city now hosts 25% of India's billionaires, adding 58 new billionaires. India saw a 29% rise in billionaires, while China experienced a 25% decline, emphasizing India's...

economictimes.indiatimes.com

 

[Santosh1976]

Ranked: Billionaire Wealth by Country​

As of April 2024, Forbes estimates there are over 2,700 billionaires worldwide, with a combined net worth of $14.2 trillion. 🍵

But even among the ultra-rich, wealth is far from evenly distributed, with a significant concentration in just a few countries and among a small group of individuals.

This graphic visualizes the total wealth held by billionaires in the top 11 countries with the greatest billionaire wealth.
The data comes from Knight Frank’s Wealth Report 2025. 🍵

https://www.visualcapitalist.com/ranked-billionaire-wealth-by-country/

 

[Santosh1976]

Good Day
as in above post#3, we see so many pictures by Chinese members of their development/industries on different forums.
as below, the Indian billionaire total $950bn while that of China side 'total' is mentioned at around $1,340bn, as in post#3.
how forum members compare India-China for their "Private Industrialists"? 🍵

 

[Santosh1976]

as in post#1, now we don't see fools like Seoul/Tokyo/Taipei/Singapore and other NATO allies of Asia in top Ten billionaire/Industrial cities? post#1, 🍵

 

[Santosh1976]

The Jakarta billionaire list features prominent Indonesian figures such as Prajogo Pangestu, the richest person in Indonesia, and Budi and Michael Hartono, who made their fortune in tobacco and banking. Other notable billionaires include Low Tuck Kwong, founder of a coal mining company, and Chairul Tanjung, an industrial magnate. Jakarta is home to 33 billionaires, making it a significant hub for wealth in the ASEAN region. 👍

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[Santosh1976]

India’s hopes of being on friendly terms with Trump 2.0 were dashed when the U.S. slapped 50% tariffs on the country. To soften the blow, the Indian government announced sweeping reductions in the goods and services tax in September to boost consumption by making a range of items, including cars, cheaper. But a weaker rupee and a 3% decline in the benchmark Sensex since we last measured fortunes resulted in a 9% erosion in combined wealth to $1 trillion. ☕

RANK NAME NET WORTH INDUSTRY
1 Mukesh Ambani $105 B Diversified

2 Gautam Adani & family $92 B Diversified

3 Savitri Jindal & family $40.2 B Metals & Mining

India’s 100 Richest 2025

India’s hopes of being on friendly terms with Trump 2.0 were dashed when the U.S. slapped 50% tariffs on the country. To soften the blow, the Indian government announced sweeping reductions in the goods and services tax in September to boost consumption by making a range of items, including...

www.forbes.com

 

[Santosh1976]

Forbes

Forbes is a global media company, focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle.

www.forbes.com

China’s stock markets have been on a roll, fueled by the AI boom and hopes of more stimulus measures by the government to combat a sluggish economy and the fallout of a trade war with the U.S. The benchmark CSI 300 index climbed 15% since we last measured fortunes, boosting the collective wealth of China’s 100 richest to $1.35 trillion from $1.03 trillion last year. 🍵

China’s 100 Richest 2025

China’s stock markets have been on a roll, fueled by the AI boom and hopes of more stimulus measures by the government to combat a sluggish economy and the fallout of a trade war with the U.S. The benchmark CSI 300 index climbed 15% since we last measured fortunes, boosting the collective wealth...

www.forbes.com