According to the most recent worldwide wealthy list from Hurun Research Institute, mumbai has surpassed beijing to become the Asian metropolis with the most number of billionaires for the first time. This places mumbai at the forefront of wealth generation in Asia and is a significant milestone for India. With 119 billionaires, New York tops the list of richest cities in the world, closely followed by london with 97.
 
According to the most recent Hurun rich list, mumbai, the financial centre of india, has surpassed both beijing (91) and shanghai (87) in the Asian ranks, with 92 billionaires.
 
There are currently 3,279 billionaires in the world, up 5% from the year before.
 
China continues to top the list of nations with 814 billionaires, however the number of billionaires has decreased significantly from the previous year by 155. india comes in third place with 271 billionaires, closely followed by the united states with 800 billionaires.
 
China had a difficult year, according to the research company. "Wealth creation in china has undergone significant changes in recent years, with declines observed in billionaires' wealth from real estate and renewables."
 
Zhong Shanshan, the founder and chairman of Nongfu Spring, continues to be the richest person in China. Colin Huang, the founder of Pinduoduo, has surpassed Tencent CEO Ma Huateng to take the second spot.
 
Artificial intelligence was a major factor in the rise in the number of ultra-wealthy people in the United States. "Billionaires behind companies such as Microsoft, Google, Amazon, Oracle, and Meta have seen substantial wealth surges as investors bet on the value generated by AI," the research stated.
 


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G GOWTHAM

27/03/2024 05:38 PM