MUMBAI OVERTAKES BEIJING IN BILLIONAIRE POPULATION
Published By MintGenie Team | 26 Mar, 2024
Mumbai Surpasses Beijing
Mumbai emerges as Asia's new billionaire capital, boasting 92 billionaires, overtaking Beijing's count.
Credit : UNSPLASH
India's Billionaire Boom
India adds 94 new billionaires, second only to the United States, reaching a total of 271 ultra-high-net-worth individuals.
Credit : PIXABAY
Sector Dominance
Pharmaceutical industry leads with 39 billionaires, followed by automobile and chemicals sectors, contributing to India's billionaire surge.
Credit : UNSPLASH
Mukesh Ambani Tops List
Mukesh Ambani leads Indian billionaires with a net worth of $115 billion, followed by Gautam Adani with $86 billion.
China's Decline
China witnesses a decline in billionaire population, with Hong Kong, Shenzhen, and Shanghai experiencing significant downturns.
Credit : UNSPLASH
Economic FactorsÂ
Real estate and renewable energy struggles, along with weak stock market performance, contribute to China's billionaire decline.
Credit : UNSPLASH
Strategic Merger
Reliance Industries and Walt Disney merge television and streaming assets in India, creating a $8.5 billion entity in the global entertainment industry.
Credit : PEXELS
Confidence in Indian Economy
Surge in Indian billionaire population reflects confidence in the Indian economy's growth prospects.
Credit : PINTEREST
Global Influence
Indian billionaires collectively hold $1 trillion, contributing 7% of global billionaire wealth, highlighting India's economic influence.
Credit : PINTEREST
Fastest-Growing Hub
Mumbai emerges as the fastest-growing billionaire capital globally, with New Delhi breaking into the Top 10 for the first time.