Mumbai overtakes Beijing to become the ‘Billionaire Capital’ of Asia
2 min readIndia’s Financial Capital Mumbai, which has many names and tags hooked up to its existence, has one other distinction bestowed upon it. Maharashtra’s capital metropolis has now become the ‘Billionaire Capital’ of the largest and most populous continent in the world, Asia, in accordance to Hurun Research Institute’s global rich list.
In the course of, the metropolis went previous the China’s financial colossuses of Shanghai and its capital, Beijing.
Mumbai at the moment is dwelling to 92 billionaires, yet one more than Beijing’s 91.
The island metropolis’s pack of wealthy is led by Asia’s richest individual and head of Reliance Industries, Mukesh Ambani. Ambani, like the metropolis of Mumbai, returned to the place of the richest on the continent, after shadowing China’s Zhong Shanshan.
Nevertheless, China continues to home sizeable chunk of world billionaires with 814 of the super-rich dwelling there.
The listing of the cities with most quantity of ultra-wealthy is headed by the nation with the most quantity of billionaires, the USA. The ‘Big Apple’, New York, tops the listing with 119, it’s adopted by the British capital, London with 97.
India has one other entrant in the literal pool of wealth amongst cities, with the nationwide capital New Delhi positioning itself on the sixth rung on the listing of cities in Asia, behind Mumbai.
Coming again to particular person billionaires, Mukesh Ambani who leads the pack, is understandably on the listing of the Richie riches throughout the globe, occupying the eleventh place, with USD 111 billion, in accordance to Bloomberg.
The inhabitants of the metropolis of Mumbai stands round 21 million or 2 crore. With a median earnings of round INR 20,000 (USD 239) a month or round INR 2,40,000 (USD 2,879) every year, these astronomical quantity of billions solely have an effect on the one who’ve it, as the earnings hole between the richest and the poorest in the nation solely scales additional.
Top 10 cities with the most billionaires
New York- 119
London- 97
Mumbai- 92
Beijing- 91
Shanghai- 87
Shenzhen- 84
Hong Kong- 65
Moscow- 59
New Delhi- 57
San Francisco- 52
(The article is printed beneath a mutual content material partnership association betweenThe Free Press JournalandConnected to India)
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