Mumbai Overtakes Beijing as Asia's Billionaire Capital

• 26 Mar 2024

Mumbai, with 92 billionaires, becomes Asia's top billionaire city, as India ranks third globally with 271 billionaires.

• Confidence in the Indian economy reaches record levels, driving billionaire growth.
• Mukesh Ambani represents India in the top billionaire ranks, despite dropping a spot.
• Gautam Adani sees a significant rise in wealth, ranking 15th globally with a $86 billion fortune.
• India's growth attributed to industries like Pharmaceuticals and Automobile & Auto Components.
• Reliance Industries' merger with Walt Disney highlighted as a significant global transaction.
• Worldwide, 167 new billionaires were added this year, bringing the total to 3279.