Mumbai becomes Asia's billionaire capital for the first time

Mumbai becomes Asia's billionaire capital for the first time

Daily Current Affairs   /   Mumbai becomes Asia's billionaire capital for the first time

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Category : Miscellaneous Published on: March 28 2024

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  • Mumbai surpasses Beijing as Asia's billionaire capital with 92 billionaires, driven by a 47% increase in total billionaire wealth to $445 billion.
  • Growth sectors like energy and pharmaceuticals contribute to Mumbai's rise, with notable gains seen by industry leaders like Mukesh Ambani.
  • Indian billionaires witness diverse movements in global rankings, with Mukesh Ambani maintaining 10th place and Gautam Adani climbing to 15th place.
  • Mumbai's billionaire elite sees significant wealth increases, with real estate magnate Mangal Prabhat Lodha experiencing a 116% surge, showcasing the city's evolving economic landscape.
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