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India 3rd largest home to billionaires

India 3rd largest home to billionaires

New Delhi: Mumbai has surpassed Beijing to emerge as Asia’s new billionaire capital, while India has overtaken Germany to become the third-ranked country globally with 271 billionaires, according to the latest Hurun Research Institute report.

“Mumbai was the fastest-growing billionaire capital in the world, adding 26 in the year and taking it to third in the world and Asia’s billionaire capital. New Delhi broke into the Top 10 for the first time,” the report states.

India’s economic prowess was further underscored by the remarkable surge in its billionaire population.

The country added a staggering 94 new billionaires, the highest of any nation except the United States, bringing the total to 271 ultra-high-net-worth individuals.

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