Mumbai Becomes Asia's Billionaire Capital on Global Rich List

NBC reports that Mumbai has become the Asian capital with the highest number of billionaires, dethroning Beijing at the top of the exclusive list. According to the Hurun Research Institute's global rich list, India's financial capital registered 92 billionaires in 2024. Beijing comes in just below Mumbai with 91 billionaires, and Shanghai rounds out the top three with a total of 87 billionaires.