Based on the information available, Mumbai is considered the richest city in Asia in 2024.
Mumbai: Asia's Billionaire Capital
The recent surge in Mumbai's economic growth has solidified its position as a leading financial hub. According to a report dated August 30, 2024, Mumbai has not only overtaken Beijing to become the "billionaire capital of Asia" but also ranks as the third richest city globally, based on the number of billionaires it houses. This rapid growth highlights Mumbai's increasing influence in the global economy.
Key Highlights:
- Fastest Growing: Mumbai is the fastest-growing billionaire capital in the world.
- Billionaire Count: It has surpassed Beijing in the number of billionaires.
- Global Ranking: It holds the third position worldwide in terms of the number of billionaires.
| Metric | City | Ranking |
|---|---|---|
| Billionaire Capital of Asia | Mumbai | 1st |
| Billionaire Capital Globally | Mumbai | 3rd |
This makes Mumbai the richest city in Asia in 2024 when considering the concentration of billionaire wealth.
